Cheap Homes for Rent in Evansville, IN from $400 (37 Rentals)

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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 1330 SE 2nd St

$995 - $999

1 To 2 Bedroom Rentals

Available Now

1330 SE 2nd St

EvansvilleIN47713

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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Showing Results 1-37, Page 1 of 1

Evansville, IN Local Guide

Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 07/01/2026

Current apartment rentals in the Evansville, IN area range in price from $500 to $4,449 with an overall median price of $1,663. The three Evansville neighborhoods with the lowest median rent pricing are Diamond Stringtown at $525, Willemette at $525, and West Evansville at $500. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Diamond Stringtown$1,175$52573
Willemette$1,282$52555
West Evansville$1,409$500152
Poplar Grove$1,459$62549
Dexter$1,499$60098
Eastview$1,499$60077
Gum Bayard Park Chandler$1,499$50080
Hoosier Cullen$1,499$600131
Jeannette$1,499$60095
Kathleen Jeannette$1,499$60083

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. Sontra Evansville Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $630. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Sontra Evansville Apartments0BR/1.0BAStudio,1BA$630
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Embassy Apartments0.1Studio,1BA$690
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Shannon GlennMcConnell2BR,1BA$710
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$725
Shady Tree ApartmentsThe AshStudio,1BA$735
Terra Trace Apartments1x1-Q-6371BR,1BA$749
WedgewoodTwo Bedroom2BR,1BA$750

Best Value Apartments for Rent in Evansville, IN

As of July 02, 2026 the best value apartment in the Evansville area is the $1.15 price per square foot 3 Bed, 2 Bath Model at The Westcott in the in the Fielding Court neighborhood starting from $1,499. 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.
The Westcott3 Bed, 2 Bath3BR,2BA$1.15
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
WedgewoodTwo Bedroom2BR,1.5BA$0.63
2015 N Weinbach Ave, Unit 2A2015 N Weinbach Ave2BR,2BA$1.04
Lakewood Flats and TownhomesThe Whispering Pine2BR,1.5BA$0.95
River ClubDelaware - Renovated2BR,1BA$1.09
Indian WoodsThe Oak2BR,1BA$0.95
North ParkMcCallister1BR,1BA$1.10
Abbey Court ApartmentsCambridge1BR,1BA$1.13
Coldwater Flats LLCThe Reservoir1BR,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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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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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.

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Evansville, IN

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Remember the 3 Rules of Real Estate:
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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 330 Apartments for Rent in Evansville, IN with pricing that ranges from $500 to $4,449. There are also 107 Single Family Homes for rent, Condos, and Townhome rentals currently available in Evansville ranging from $450 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 $450 to $4,800 with an average monthly rent of $1,749.

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 $3,486, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $3,300. Four Bedroom Single-Family rentals are also available starting from $995 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.