
Cheap Homes for Rent in Evansville, IN from $400 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Evansville.


3007 Crowley Dr

612 Taylor Ave
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.

109 Welworth Ave

1226 S Roosevelt Dr

218 E Michigan St

2500 E Tennessee St

1204 N First Ave

1206 S 1208 Boeke Rd
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.

1119 SE Riverside Dr

205 Blackford Ave

26 W Florida St

1330 SE 2nd St

421 S New York Ave

1112 W Missouri St

2947 Ravenswood Dr

2905 Ravenswood Dr
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1010 E Olmstead Ave
Evansville, IN Local Guide

How much does it cost to rent a home in Evansville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Evansville 2 Bedroom Homes for Rent | $1,477 | $700 | $3,500 |
Evansville 3 Bedroom Homes for Rent | $1,451 | $650 | $2,395 |
Evansville 4 Bedroom Homes for Rent | $1,920 | $1,000 | $3,000 |
Evansville 5 Bedroom Homes for Rent | $2,195 | $2,195 | $2,195 |
Browse Top Homes for Rent in Evansville
Explore Evansville
Evansville, IN Local Guide
- Evansville Neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Neighborhoods for Apartments in Evansville, IN
Pricing Updated: 06/09/2025Current apartment rentals in the Evansville, IN area range in price from $400 to $3,500 with an overall median price of $1,770. The three Evansville neighborhoods with the lowest median rent pricing are Evansville West Side at $1,000, Hilltop at $625, and Garvinwood at $400. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Evansville West Side | $1,000 | $1,000 | 1 |
Hilltop | $1,000 | $625 | 3 |
Garvinwood | $1,250 | $400 | 35 |
Gum Bayard Park Chandler | $1,272 | $400 | 33 |
Lincoln-Bellemeade | $1,272 | $400 | 39 |
Lincoln Park | $1,272 | $400 | 36 |
Presidents | $1,272 | $400 | 34 |
Rosedale South | $1,272 | $400 | 37 |
University South | $1,272 | $400 | 37 |
ACT | $1,295 | $650 | 28 |
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 $645. SPRING VALLEY FLATS in the Lincoln-Bellemeade 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Embassy Apartments | 0.1 | Studio,1BA | $645 |
SPRING VALLEY FLATS | The Redbud | 1BR,1BA | $695 |
Devonshire Gardens I & II | II 1 Bed 1 Bath A | 1BR,1BA | $700 |
Foxfire West Apartments | 1 Bedroom 1 Bath Fireplace | 1BR,1BA | $775 |
Addison Place | Windsor | 1BR,1BA | $799 |
Best Value Apartments for Rent in Evansville, IN
As of June 09, 2025 the best value apartment in the Evansville area is the $1.03 price per square foot 2BR/2.0BA Model at Apartments@41 in the in the Jacobsville neighborhood starting from $1,250. The second greatest value Evansville apartment is the 4BR/2BA - Furnished Model at Eagle Village starting at $600 with a $0.50 price per square foot in the Hilltop neighborhood. Here is today’s list of the best values for Evansville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Apartments@41 | 2BR/2.0BA | 2BR,2BA | $1.03 |
Eagle Village | 4BR/2BA - Furnished | 4BR,2BA | $0.50 |
The Forge on Main | Two Bedroom A | 2BR,2BA | $0.77 |
Sunset Tower | 2BR/2.0BA | 2BR,2BA | $1.05 |
Indian Woods | The Oak | 2BR,1BA | $1.05 |
North Park | Berkshire | 2BR,1.5BA | $1.05 |
Abbey Court Apartments | Nottingham | 2BR,1BA | $1.02 |
Heathmoore - Evansville | 2 Bed 1 Bath | 2BR,1BA | $0.99 |
Naveen Pine Apartments | Cozy Two Bedroom Apartment Home | 2BR,1BA | $1.12 |
Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.13 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Frequently Asked Questions about Evansville
What type of rentals are currently available in Evansville?
There are currently 313 Apartments for Rent in Evansville, IN with pricing that ranges from $531 to $4,399. There are also 96 Single Family Homes for rent, Condos, and Townhome rentals currently available in Evansville ranging from $400 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 $400 to $3,500 with an average monthly rent of $1,381.
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 $728 to $2,470, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $2,395. 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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.