Cheap Homes for Rent in Evansville, IN from $500 (36 Rentals)

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Evansville, IN Local Guide

Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 10/24/2025

Current apartment rentals in the Evansville, IN area range in price from $550 to $4,800 with an overall median price of $2,110. The three Evansville neighborhoods with the lowest median rent pricing are North Country Club at $1,125, Poplar Grove at $650, and Jeannette at $950. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Country Club$1,125$1,1251
Poplar Grove$1,200$6509
Jeannette$1,400$9505
Kathleen Jeannette$1,400$79525
Hilltop$1,450$8006
Eastview$1,497$59534
Outer West$1,500$65012
Rolling Greens$1,559$80024
Hoosier Cullen$1,569$80025
ACT$1,595$59538

Cheapest Available Evansville Apartments for Rent

 

The cheapest available apartment rental in Evansville, IN is a Studio unit found at Fielding Court in the Lant Manor neighborhood priced from $600. Embassy Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $635. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fielding CourtStudio (Water & Trash included)Studio,1BA$600
Embassy Apartments0.1Studio,1BA$635
SPRING VALLEY FLATSThe Redbud1BR,1BA$695
Addison PlaceWindsor1BR,1BA$699
Princeton Court1 Bed 1 Bath1BR,1BA$710
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$715
Fairway Plaza2 Bedroom2BR,1BA$715
WedgewoodTwo Bedroom2BR,1BA$715

Best Value Apartments for Rent in Evansville, IN

As of October 24, 2025 the best value apartment in the Evansville area is the $0.50 price per square foot 4BR/2BA - Furnished Model at Eagle Village - Historical Access in the in the Evansville West Side neighborhood starting from $600. The second greatest value Evansville apartment is the Two Bedroom Model at Wedgewood starting at $715 with a $0.60 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$0.50
WedgewoodTwo Bedroom2BR,1.5BA$0.60
1635 S Green River Rd, Unit 16351635 S Green River Rd1BR,1BA$0.70
The Rathbone Apartments2 Bedroom Unfurnished2BR,1BA$1.07
Indian WoodsThe Oak2BR,1BA$1.10
North ParkHarrington2BR,1BA$1.02
1619 S Green River Rd, Unit 16191619 S Green River Rd2BR,1BA$1.05
Fairway Plaza2 Bedroom2BR,1BA$0.79
Colonial Manor Apartments2x1 R2BR,1BA$1.05
2175 E Columbia St, Unit 21912175 E Columbia St1BR,1BA$1.08

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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:
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Frequently Asked Questions about Evansville

What type of rentals are currently available in Evansville?

There are currently 339 Apartments for Rent in Evansville, IN with pricing that ranges from $525 to $4,399. There are also 106 Single Family Homes for rent, Condos, and Townhome rentals currently available in Evansville ranging from $550 to $4,800.

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 $4,800 with an average monthly rent of $1,492.

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 $945 to $2,401, 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 $1,095 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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.