Cheap Homes for Rent in Old Erie Neighborhood of Evansville, IN from $500 (21 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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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Old Erie, Evansville, IN Local Guide

Cheapest Available Old Erie Apartments for Rent

 

The cheapest available apartment rental in the Old Erie area of Evansville, IN is a 2 Beds unit found at Wedgewood priced from $750. The Forge on Main has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Old Erie apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
WedgewoodTwo Bedroom2BR,1BA$750
The Forge on MainStudio AStudio,1BA$800
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$805
Legacy Commons1 BEDROOM1BR,1BA$850
Central LoftsJJ2BR,1BA$925

Best Value Apartments for Rent in Old Erie, IN

As of February 23, 2026 the best value apartment in the Old Erie area is the $1.03 price per square foot 3BR/2.0BA Model at Sunset Tower in the in the ACT neighborhood starting from $1,600. The second greatest value Old Erie apartment is the Two Bedroom Model at Wedgewood starting at $750 with a $0.63 price per square foot in the Lincoln-Bellemeade neighborhood. Here is today’s list of the best values for Old Erie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Tower3BR/2.0BA3BR,2BA$1.03
WedgewoodTwo Bedroom2BR,1.5BA$0.63
Post HouseParcel2BR,2BA$2.21
Washington Court1 Bedroom, 1 Bathroom1BR,1BA$1.39
City Pointe2 Bedroom 1 Bath2BR,1BA$1.30
Legacy Commons2 BEDROOM2BR,1BA$1.26
Central LoftsD2BR,1BA$1.48
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$1.19
Market Street ApartmentsINMKS 1x11BR,1BA$1.55
The Forge on MainStudio AStudio ,1BA$1.40

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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
Old Erie, Evansville, IN

Ranked #35

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Old Erie

What type of rentals are currently available in Old Erie?

There are currently 186 Apartments for Rent in Old Erie, IN with pricing that ranges from $500 to $3,410. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Erie ranging from $550 to $2,950.

What is the current price range for Rental Homes in Old Erie?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Erie ranges from $550 to $2,950 with an average monthly rent of $1,180.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.