Cheap Apartments for Rent in the Lorraine Park Neighborhood of Evansville, IN from $400 (55 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lorraine Park area of Evansville.

property at 1049 Seale Ave

$645 - $695

1 Bedroom Rentals

Available Now

1049 Seale Ave

EvansvilleIN47714

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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property at 1313 East Walnut

$1,000

Total Monthly Price

Total Monthly Price

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

3 Bedroom, 2 Bath Home for Rent

Available Now

1313 East Walnut

EvansvilleIN47714
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Boeke Place
1 Bedroom Apartments

Boeke Place

1401 S Boeke RdEvansville, IN 47714
  • Utilities Included
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Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

280 Shamrock CtEvansville, IN 47715
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Normandy Arms
1 to 2 Bedroom Apartments

Normandy Arms

600 Normandy DrEvansville, IN 47715
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Fairmont Apartments
Studio to 2 Bedroom Apartments

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
  • Utilities Included

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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Kinway Apartments
1 to 3 Bedroom Apartments

Kinway Apartments

1952 Colts LnEvansville, IN 47714
  • Utilities Included
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Eastlodge
1 to 3 Bedroom Apartments

Eastlodge

1625 Cass CtEvansville, IN 47715
  • Utilities Included

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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Legacy Commons
Studio to 2 Bedroom Apartments

Legacy Commons

1101 S Lincoln Park DrEvansville, IN 47714
  • Utilities Included
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Grand Oak Community
1 to 4 Bedroom Apartments

Grand Oak Community

5010 Cass AveEvansville, IN 47715
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Lorraine Park, Evansville, IN Local Guide

Cheapest Available Lorraine Park Apartments for Rent

 

The cheapest available apartment rental in the Lorraine Park area of Evansville, IN is a Studio unit found at Horizon Homes priced from $630. Embassy Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $660. Here are the most affordable Lorraine Park apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
Horizon Homes0BR/1.0BAStudio,1BA$630
Embassy Apartments0.1Studio,1BA$660
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Shannon GlennMcConnell2BR,1BA$710
Devonshire Gardens I & IIII 1 Bed 1 Bath B1BR,1BA$770
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$805
The Manning1 Bedroom 1 Bathroom1BR,1BA$849
Village GreenChestnut1BR,1BA$855
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$895
Northbend Townhomes2 Bedroom Townhome2BR,1BA$913

Best Value Apartments for Rent in Lorraine Park, IN

As of June 11, 2026 the best value apartment in the Lorraine Park area is the $0.63 price per square foot Two Bedroom Model at Wedgewood Apartments in the in the Lincoln-Bellemeade neighborhood starting from $750. The second greatest value Lorraine Park apartment is the Kensington Model at Addison Place starting at $999 with a $0.86 price per square foot in the Lincoln-Bellemeade neighborhood. Here is today’s list of the best values for Lorraine Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wedgewood ApartmentsTwo Bedroom2BR,1.5BA$0.63
Addison PlaceKensington2BR,2BA$0.86
Ross Center Village2BR/1.0BA2BR,1BA$0.85
Northbend Townhomes3 Bedroom Townhome3BR,1.5BA$1.17
City Pointe2 Bedroom 1 Bath2BR,1BA$1.33
Colonial Manor Apartments2X12BR,1BA$1.15
Shannon GlennKillarney2BR,1.5BA$1.28
Devonshire Gardens I & IIII 1 Bed 1 Bath C1BR,1BA$1.19
Village GreenChestnut Premium1BR,1BA$1.31
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$1.22

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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Pet Friendly Lifestyle
Lorraine Park, Evansville, IN

Ranked #41

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Lorraine Park, Evansville, IN

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 a cheap apartment in Lorraine Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lorraine Park is under $913.

What is the price of a cheap apartment in Lorraine Park?

The cheapest apartment in Lorraine Park is Embassy Apartments which is listed at $697, while the average apartment in Lorraine Park costs $1,309.

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 3 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 $155 which is $1,154 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

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

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.