Cheap Homes for Rent in Evansville, IN from $500 (19 Rentals)

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Evansville, IN Local Guide

Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 09/08/2025

Current apartment rentals in the Evansville, IN area range in price from $550 to $4,399 with an overall median price of $1,663. The three Evansville neighborhoods with the lowest median rent pricing are Dexter at $550, Eastview at $550, and Kathleen Jeannette at $565. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Dexter$1,275$55089
Eastview$1,275$55080
Kathleen Jeannette$1,275$56580
Ross Center$1,275$55085
Poplar Grove$1,310$61061
Spring Park$1,315$55075
Jeannette$1,430$56589
Diamond Stringtown$1,445$60038
ACT$1,450$55045
Hoosier Cullen$1,479$565124

Cheapest Available Evansville Apartments for Rent

 

The cheapest available apartment rental in Evansville, IN is a Studio unit found at Embassy Apartments in the Lincoln-Bellemeade neighborhood priced from $685. SPRING VALLEY FLATS in the Oakhill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments0.1Studio,1BA$685
SPRING VALLEY FLATSThe Dogwood1BR,1BA$695
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$700
Princeton Court1 Bed 1 Bath1BR,1BA$710

Best Value Apartments for Rent in Evansville, IN

As of September 08, 2025 the best value apartment in the Evansville area is the $1.04 price per square foot 2BR/2.0BA Model at Sunset Tower in the in the ACT neighborhood starting from $1,295. The second greatest value Evansville apartment is the 2BR/2.0BA Model at Apartments@41 starting at $1,295 with a $1.06 price per square foot in the Business 41 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 Tower2BR/2.0BA2BR,2BA$1.04
Apartments@412BR/2.0BA2BR,2BA$1.06
Eagle Village4BR/2BA - Furnished4BR,2BA$0.50
403 S Lincoln Park Dr, Unit 403403 S Lincoln Park Dr2BR,1BA$1.08
The Rathbone Apartments2 Bedroom Unfurnished2BR,1BA$1.07
Liv at Locust CreekDresden2BR,1.5BA$1.09
North ParkBerkshire2BR,1.5BA$1.12
Lakewood Flats1 Bedroom Deluxe1BR,1BA$0.99
2453 W Franklin St, Unit B2453 W Franklin St1BR,1BA$1.01
Abbey Court ApartmentsCambridge1BR,1BA$1.12

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Evansville, IN
Population: 117,963

Ranked #242

in US Census Population by City

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

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Frequently Asked Questions about Evansville

What type of rentals are currently available in Evansville?

There are currently 321 Apartments for Rent in Evansville, IN with pricing that ranges from $550 to $4,399. There are also 88 Single Family Homes for rent, Condos, and Townhome rentals currently available in Evansville ranging from $550 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 $550 to $3,500 with an average monthly rent of $1,531.

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 $900 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $580.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

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

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.