
Cheap Apartments for Rent in the Lorraine Park Neighborhood of Evansville, IN from $400 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lorraine Park area of Evansville.


1123 Brookside Dr

Village Green

202 E Missouri St

Peyton Place Apartments
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.

Devonshire Gardens I & II

Embassy Apartments

Heathmoore - Evansville

Boeke Place

Chapel Court Apartments
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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.

Shannon Glenn

Normandy Arms

Horizon Homes (55+ Community)

Fairmont Apartments

Sunrise East Apartments
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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.

Dexter Villa Apartments

Kinway Apartments
Lorraine Park, Evansville, IN Local Guide

How much does it cost to rent an apartment in Lorraine Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lorraine Park Studio Apartments | $700 | $580 | $850 |
| Lorraine Park 1 Bedroom Apartments | $869 | $500 | $1,210 |
| Lorraine Park 2 Bedroom Apartments | $1,075 | $775 | $1,439 |
| Lorraine Park 3 Bedroom Apartments | $1,376 | $1,170 | $1,560 |
| Lorraine Park 4 Bedroom Apartments | $1,325 | $1,325 | $1,325 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Lorraine Park Neighborhood of Evansville, IN.
See all Apartments in EvansvilleExplore Evansville
Lorraine Park, Evansville, IN Local Guide
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Cheapest Available Lorraine Park Apartments for Rent
 The cheapest available apartment rental in the Lorraine Park area of Evansville, IN is a 1 Bed unit found at Peyton Place Apartments priced from $650. Embassy Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here are the most affordable Lorraine Park apartments for rent in Evansville, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Peyton Place Apartments | 1BR/1BA | 1BR,1BA | $650 |
| Embassy Apartments | 0.1 | Studio,1BA | $685 |
| Heathmoore - Evansville | 1 Bed 1 Bath | 1BR,1BA | $700 |
| Bradford Pointe Apartments | INBFP 2x1 675sqft - Classic | 2BR,1BA | $805 |
| Northbend Townhomes | Princess | 1BR,1BA | $840 |
Best Value Apartments for Rent in Lorraine Park, IN
As of March 11, 2026 the best value apartment in the Lorraine Park area is the $0.62 price per square foot 506 Washington Ave Model at 506 Washington Ave, Unit A in the in the Lincoln-Bellemeade neighborhood starting from $1,425. The second greatest value Lorraine Park apartment is the Two Bedroom One Bathroom Model at Hornbrook Estates Apartments starting at $1,125 with a $1.17 price per square foot in the Jeannette neighborhood. Here is today’s list of the best values for Lorraine Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 506 Washington Ave, Unit A | 506 Washington Ave | 3BR,2BA | $0.62 |
| Hornbrook Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.17 |
| City Pointe | 2 Bedroom 1 Bath | 2BR,1BA | $1.30 |
| Devonshire Gardens I & II | 1 Bed 1 Bath B | 1BR,1BA | $1.04 |
| Addison Place | St Charles | 2BR,1BA | $1.15 |
| Village Green | Cherry | 1BR,1BA | $1.11 |
| Bradford Pointe Apartments | INBFP 2x1 675sqft - Deluxe | 2BR,1BA | $1.34 |
| Northbend Townhomes | Princess | 1BR,1BA | $1.36 |
| Heathmoore - Evansville | 1 Bed 1 Bath | 1BR,1BA | $1.22 |
| Peyton Place Apartments | 1BR/1BA | 1BR,1BA | $1.17 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleQuick 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.
Pet Friendly LifestyleLorraine Park, Evansville, IN
Ranked #30
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Lorraine Park, Evansville, IN
Fairlawn Elementary School
Benjamin Bosse High School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Central Evansville, IN. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Lorraine Park Apartments
What is the price of a cheap apartment in Lorraine Park?
The cheapest apartment in Lorraine Park is Peyton Place Apartments which is listed at $650, while the average apartment in Lorraine Park costs $1,369.
What types of apartments are the cheapest in Lorraine Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Lorraine Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lorraine Park?
Cheap apartments in Lorraine Park have an average cost of $727 which is $642 cheaper than the average rent for all rentals in Lorraine Park.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.