Cheap Homes for Rent in Evansville, IN from $600 (50 Rentals)

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Search the lowest-cost Homes available for rent right now in Evansville.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 1313 East Walnut

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

3 Bedroom, 2 Bath Home for Rent

Available Now

1313 East Walnut

EvansvilleIN47714

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Evansville, IN Local Guide

Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 05/16/2026

Current apartment rentals in the Evansville, IN area range in price from $575 to $4,449 with an overall median price of $1,739. The three Evansville neighborhoods with the lowest median rent pricing are Ross Center at $580, Kathleen Jeannette at $580, and Dexter at $580. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Ross Center$1,280$58072
Kathleen Jeannette$1,290$58063
Dexter$1,329$58083
Eastview$1,329$58066
Gum Bayard Park Chandler$1,329$58076
Lorraine Park$1,329$58068
Spring Park$1,332$60061
Poplar Grove$1,350$57550
ACT$1,369$67544
Jeannette$1,369$58072

Cheapest Available Evansville Apartments for Rent

 

The cheapest available apartment rental in Evansville, IN is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $599. Anchor Court in the Howell neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Anchor Court1BR/1.0BA1BR,1BA$625
Sontra Evansville Apartments0BR/1.0BAStudio,1BA$630
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Embassy Apartments0.1Studio,1BA$685
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Shannon GlennMcConnell2BR,1BA$710
Shady Tree ApartmentsThe Elm1BR,1BA$745
Addison PlaceWindsor1BR,1BA$749
Lakewood Flats and Townhomes1sm wd1BR,1BA$765

Best Value Apartments for Rent in Evansville, IN

As of May 16, 2026 the best value apartment in the Evansville area is the $0.47 price per square foot 4BR/2BA - Furnished Model at Eagle Village - Historical Access in the in the Evansville West Side neighborhood starting from $565. The second greatest value Evansville apartment is the 2BR/1.0BA Model at Ross Center Village starting at $975 with a $0.85 price per square foot in the Lincoln-Bellemeade neighborhood. Here is today’s list of the best values for Evansville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Ross Center Village2BR/1.0BA2BR,1BA$0.85
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.93
Indian WoodsThe Oak2BR,1BA$1.00
North ParkBerkshire2BR,1.5BA$1.12
Princeton Court2 Bed 1 Bath2BR,1BA$1.05
Devonshire Gardens I & II1 Bed 1 Bath B1BR,1BA$1.00
Shannon GlennMcConnell2BR,1BA$0.89
Village GreenCherry1BR,1BA$1.11
Abbey Court ApartmentsCambridge1BR,1BA$1.13

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Evansville, IN

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Frequently Asked Questions about Evansville

What type of rentals are currently available in Evansville?

There are currently 315 Apartments for Rent in Evansville, IN with pricing that ranges from $575 to $4,449. There are also 90 Single Family Homes for rent, Condos, and Townhome rentals currently available in Evansville ranging from $600 to $3,300.

What is the current price range for Rental Homes in Evansville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Evansville ranges from $600 to $3,300 with an average monthly rent of $1,436.

How much are larger Three and Four Bedroom Rentals in Evansville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Evansville range from $1,100 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $580.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.