Cheap Apartments for Rent in the North Evansville Neighborhood of Evansville, IN from $400 (91 Rentals)

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

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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property at 307 SE 2nd St

$750

1 Bedroom Rentals

Available Now

307 SE 2nd St

EvansvilleIN47713
property at 101 SE 2nd St

$750

1 Bedroom Rentals

Available Now

101 SE 2nd St

EvansvilleIN47708

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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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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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

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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property at 910 Harriet St

$1,050 - $1,195

1 To 2 Bedroom Rentals

Available Now

910 Harriet St

EvansvilleIN47710
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OrchardGate
1 to 2 Bedroom Apartments

OrchardGate

401 Applewood CtEvansville, IN 47712
  • Utilities Included
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1 Bedroom Apartments

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3901 Bellemeade AveEvansville, IN 47715
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

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.

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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. Anchor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here are the most affordable North Evansville apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Anchor Court1BR/1.0BA1BR,1BA$625
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Shannon GlennMcConnell2BR,1BA$710
Shady Tree ApartmentsThe Elm1BR,1BA$745
TERRA TRACEThe Dogwood1BR,1BA$749
Lakewood Flats and Townhomes1sm wd1BR,1BA$765
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$770
Foxfire West Apartments1.1f1BR,1BA$795

Best Value Apartments for Rent in North Evansville, IN

As of May 25, 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 2 Bed, 2 Bath Model at The Westcott starting at $1,283 with a $1.19 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 Westcott2 Bed, 2 Bath2BR,2BA$1.19
North ParkBerkshire2BR,1.5BA$1.12
Princeton Court2 Bed 1 Bath2BR,1BA$1.05
Devonshire Gardens I & II1 Bed 1 Bath B1BR,1BA$1.00
Forge on Main1 Bedroom1BR,1BA$1.18
Mission Viejo VillasB- Barcelona1BR,1BA$1.16
Shannon GlennMcConnell2BR,1BA$0.89
TERRA TRACEThe Dogwood1BR,1BA$1.18
2766 Forest Ave, Unit 2766 Forest Ave.2766 Forest Ave1BR,1BA$1.12

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

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
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 $795.

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 $1,849.

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 13 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 $139 which is $1,710 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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.