Cheap Apartments for Rent in the Lorraine Park Neighborhood of Evansville, IN from $430 (69 Rentals)

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

property at 309 E Virginia St
$725 - $825
1 Bedroom Rentals
Available Now
Affordability

309 E Virginia St

EvansvilleIN47711

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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

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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Kinway Apartments
1 to 3 Bedroom Apartments

Kinway Apartments

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

Eastlodge

1625 Cass CtEvansville, IN 47715
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Wedgewood
2 Bedroom Apartments

Wedgewood

1127 Lincoln AveEvansville, IN 47714

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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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 Sontra Evansville Apartments priced from $655. 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
Sontra Evansville Apartments0BR/1.0BAStudio,1BA$655
Embassy Apartments0.1Studio,1BA$660
Addison PlaceWindsor1BR,1BA$699
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Shannon GlennMcConnell2BR,1BA$710
WedgewoodTwo Bedroom2BR,1BA$750
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$785
Coldwater Flats LLCThe Reservoir1BR,1BA$799
The Manning1 Bedroom 1 Bathroom1BR,1BA$799
Village GreenChestnut1BR,1BA$875

Best Value Apartments for Rent in Lorraine Park, IN

As of September 12, 2026 the best value apartment in the Lorraine Park area is the $0.63 price per square foot Two Bedroom Model at Wedgewood in the in the Lincoln-Bellemeade neighborhood starting from $750. The second greatest value Lorraine Park apartment is the 3 Bedroom Townhome Model at Northbend Townhomes starting at $1,187 with a $1.12 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.
WedgewoodTwo Bedroom2BR,1.5BA$0.63
Northbend Townhomes3 Bedroom Townhome3BR,1.5BA$1.12
City Pointe2 Bedroom 1 Bath2BR,1BA$1.33
Addison PlaceSt Charles2BR,1BA$1.15
The Manning2 Bedroom 1 Bathroom2BR,1BA$1.44
Coldwater Flats LLCThe Stream2BR,1BA$1.25
Shannon GlennKillarney2BR,1.5BA$1.28
Hornbrook Estates ApartmentsOne Bedroom One Bathroom1BR,1BA$1.42
Village GreenChestnut Premium1BR,1BA$1.40
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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

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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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Pet Friendly Lifestyle
Lorraine Park, Evansville, IN

Ranked #29

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 $875.

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

The cheapest apartment in Lorraine Park is Addison Place which is listed at $699, while the average apartment in Lorraine Park costs $999.

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 2 regular apartments in Lorraine Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.