Cheap Homes for Rent in Evansville, IN from $500 (64 Rentals)

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Search the lowest-cost Homes available for rent right now in Evansville.

property at 210 N Marine Ave

$675

Total Monthly Price

Total Monthly Price

Base Rent
$675
Total Monthly Price
$675

Studio, 1 Bath Home for Rent

Available Now

210 N Marine Ave

EvansvilleIN47712

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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property at 1753 Edson Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

1753 Edson Ave

EvansvilleIN47714

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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Showing Results 1-50, Page 1 of 2

Evansville, IN Local Guide

Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 08/16/2026

Current apartment rentals in the Evansville, IN area range in price from $550 to $4,449 with an overall median price of $1,306. The three Evansville neighborhoods with the lowest median rent pricing are Spring Park at $953, Lorraine Park at $957, and Dexter at $964. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Spring Park$953$60083
Lorraine Park$957$630108
Dexter$964$600114
Gum Bayard Park Chandler$964$630110
Ross Center$964$630111
Kathleen Jeannette$975$630104
Eastview$979$630109
Jeannette$985$600106
Diamond Stringtown$999$60054
Lincoln Park$999$65078

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. Anchor Court Apartments in the Howell neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Anchor Court Apartments1BR/1.0BA1BR,1BA$625
Richardt ApartmentsRichardt - 1BDBA (A's)1BR,1BA$650
WedgewoodTwo Bedroom2BR,1BA$650
Sontra Evansville Apartments0BR/1.0BAStudio,1BA$655
Embassy Apartments0.1Studio,1BA$660
1210 Char Lee Dr1bed1bath1BR,1BA$660
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Crescent Court Apartments1BR/1.0BA1BR,1BA$695
Addison PlaceWindsor1BR,1BA$699

Best Value Apartments for Rent in Evansville, IN

As of August 16, 2026 the best value apartment in the Evansville area is the $0.47 price per square foot 4BR/2BA - Furnished Model at Eagle Village - Historical Access in the in the Evansville West Side neighborhood starting from $565. The second greatest value Evansville apartment is the Two Bedroom Model at Wedgewood starting at $650 with a $0.54 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$0.47
WedgewoodTwo Bedroom2BR,1.5BA$0.54
Ross Center Village2BR/1.0BA2BR,1BA$0.80
Kimber Green ApartmentsThe Willow Townhome2BR,1.5BA$1.10
Indian WoodsThe Oak2BR,1BA$0.95
North ParkHarrington2BR,1BA$1.02
Terra Trace Apartments2x1.5-9362BR,1.5BA$1.12
Abbey Court ApartmentsLiverpool1BR,1BA$1.05
1210 Char Lee Dr1bed1bath1BR,1BA$0.88
Addison PlaceWindsor1BR,1BA$1.06

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

Explore Evansville, IN Rentals by Map

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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 336 Apartments for Rent in Evansville, IN with pricing that ranges from $550 to $4,449. There are also 129 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 $1,330.

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 $2,875, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,890. Four Bedroom Single-Family rentals are also available starting from $1,000 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.