Cheap Homes for Rent in Evansville, IN from $300 (37 Rentals)

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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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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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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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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: 12/08/2025

Current apartment rentals in the Evansville, IN area range in price from $399 to $3,500 with an overall median price of $1,392. The three Evansville neighborhoods with the lowest median rent pricing are Cedar Hall at $700, Independence Historic District at $795, and Jacobsville at $795. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Cedar Hall$1,095$70026
Independence Historic District$1,095$79517
Jacobsville$1,095$79513
Lamasco$1,095$79513
Downtown Evansville$1,145$39945
Wheeler$1,145$39943
Mt Auburn$1,175$79513
Blackfordss Grove$1,195$39947
CCIA$1,195$39949
Goosetown$1,195$39945

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. Lakewood Flats and Townhomes in the Howell neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $670. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Lakewood Flats and Townhomes2 small wd2BR,1BA$670
Embassy Apartments0.1Studio,1BA$685
WedgewoodTwo Bedroom2BR,1BA$715
Valoré at Hidden HillsThe Pine - One Bedroom Apartment Home1BR,1BA$725
Princeton Court1 Bed 1 Bath1BR,1BA$735
Devonshire Gardens I & IIII 1 Bed 1 Bath B1BR,1BA$750
Foxfire West Apartments1.11BR,1BA$785
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$796
Addison PlaceWindsor1BR,1BA$799

Best Value Apartments for Rent in Evansville, IN

As of December 09, 2025 the best value apartment in the Evansville area is the $1.03 price per square foot 3BR/2.0BA Model at Sunset Tower in the in the ACT neighborhood starting from $1,600. The second greatest value Evansville apartment is the 4BR/2BA - Furnished Model at Eagle Village - Historical Access starting at $565 with a $0.47 price per square foot in the Evansville West Side 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.
Sunset Tower3BR/2.0BA3BR,2BA$1.03
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
WedgewoodTwo Bedroom2BR,1.5BA$0.60
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.04
Indian WoodsThe Oak2BR,1BA$1.10
North ParkBerkshire2BR,1.5BA$0.95
Colonial Manor Apartments2x1 R2BR,1BA$1.09
Heathmoore - Evansville2 Bed 1 Bath2BR,1BA$1.03
Naveen Pine ApartmentsCozy Two Bedroom Apartment Home2BR,1BA$1.12
Devonshire Gardens I & IIII 1 Bed 1 Bath B1BR,1BA$1.12

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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
Population: 117,963

Ranked #242

in US Census Population by City

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Best Local Schools in
Evansville, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Evansville, IN Rentals by Map

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See the most popular apartments and homes in Evansville, IN

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Evansville, IN Area Reviews

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Frequently Asked Questions about Evansville

What type of rentals are currently available in Evansville?

There are currently 328 Apartments for Rent in Evansville, IN with pricing that ranges from $565 to $4,399. There are also 108 Single Family Homes for rent, Condos, and Townhome rentals currently available in Evansville ranging from $399 to $3,500.

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 $399 to $3,500 with an average monthly rent of $1,341.

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 $925 to $2,411, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,950. Four Bedroom Single-Family rentals are also available starting from $975 and Four Bedroom Apartments start at $1,325.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.