Cheap Apartments for Rent in the North Evansville Neighborhood of Evansville, IN from $450 (113 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Evansville 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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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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North Evansville, Evansville, IN Local Guide

Cheapest Available North Evansville Apartments for Rent

 

The cheapest available apartment rental in the North Evansville area of Evansville, IN is a 1 Bed unit found at SPRING VALLEY FLATS priced from $599. Richardt Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable North Evansville apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Richardt ApartmentsRichardt - 1BDBA (A's)1BR,1BA$650
WedgewoodTwo Bedroom2BR,1BA$650
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Shannon GlennMcConnell2BR,1BA$710
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$725
Shady Tree ApartmentsThe AshStudio,1BA$735
Princeton Court1 Bed 1 Bath1BR,1BA$750
Woodbridge Place Apartments1x1-7001BR,1BA$799
Market Street ApartmentsStudio Apartment Home in Historic BuildingStudio,1BA$820

Best Value Apartments for Rent in North Evansville, IN

As of August 23, 2026 the best value apartment in the North Evansville area is the $1.15 price per square foot 3BR/2.0BA Model at Apartments@41 in the in the Business 41 neighborhood starting from $1,600. The second greatest value North Evansville apartment is the 3 Bed, 2 Bath Model at The Westcott starting at $1,499 with a $1.15 price per square foot in the Fielding Court neighborhood. Here is today’s list of the best values for North Evansville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Apartments@413BR/2.0BA3BR,2BA$1.15
The Westcott3 Bed, 2 Bath3BR,2BA$1.15
WedgewoodTwo Bedroom2BR,1.5BA$0.54
North ParkKensington2BR,1.5BA$0.96
516 Main St, Unit Front Apartment516 Main St1BR,1BA$1.13
River ClubDelaware - Renovated2BR,1BA$1.16
Terra Trace Apartments2x1.5-9362BR,1.5BA$1.12
Kimber Green ApartmentsThe Maple (Down)1BR,1BA$1.15
Woodbridge Place Apartments1x1-7001BR,1BA$1.14
Richardt ApartmentsRichardt - 1BDBA (A's)1BR,1BA$1.18

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

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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
North Evansville, Evansville, IN

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
North Evansville, Evansville, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Evansville. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap North Evansville Apartments

What is a cheap apartment in North Evansville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Evansville is under $820.

What is the price of a cheap apartment in North Evansville?

The cheapest apartment in North Evansville is SPRING VALLEY FLATS which is listed at $599, while the average apartment in North Evansville costs $1,260.

What types of apartments are the cheapest in North Evansville?

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 11 regular apartments in North Evansville 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 North Evansville?

Cheap apartments in North Evansville have an average cost of $238 which is $1,022 cheaper than the average rent for all rentals in North Evansville.

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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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.

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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.