Cheap Homes for Rent in the Lorraine Park Neighborhood of Evansville, IN from $650 (27 Rentals)

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

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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Showing Results 1-27, Page 1 of 1

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
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$685
Addison PlaceWindsor1BR,1BA$699
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 10, 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
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
The Manning1 Bedroom 1 Bathroom1BR,1BA$1.24
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$1.19

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

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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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

Frequently Asked Questions about Lorraine Park

What type of rentals are currently available in Lorraine Park?

There are currently 116 Apartments for Rent in Lorraine Park, IN with pricing that ranges from $630 to $1,595. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lorraine Park ranging from $650 to $2,500.

What is the current price range for Rental Homes in Lorraine Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lorraine Park ranges from $650 to $2,500 with an average monthly rent of $1,124.

How much are larger Three and Four Bedroom Rentals in Lorraine Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lorraine Park range from $1,187 to $1,579, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $1,500. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,499.

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.

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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.