Cheap Homes for Rent in the Old Erie Neighborhood of Evansville, IN from $625 (26 Rentals)

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Search the lowest-cost Homes available for rent right now in the Old Erie 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 1-26, Page 1 of 1

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 1 Bed unit found at Richardt Apartments priced from $650. Bradford Pointe Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $725. Here are the most affordable Old Erie apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
Richardt ApartmentsRichardt - 1BDBA (A's)1BR,1BA$650
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$725
WedgewoodTwo Bedroom2BR,1BA$750
110 East Powell Avenue2BR/1.0BA2BR,1BA$795
Market Street ApartmentsStudio Apartment Home in Historic BuildingStudio,1BA$820
800 SE Second St1 Beds, 1 Baths1BR,1BA$825
The Forge on MainStudioStudio,1BA$845
The Evansville LoftsCambridge Arms - 1 Bedroom 1 Bathroom1BR,1BA$889
Owen BlockOwen Block - 1 Bedroom 1 Bathroom1BR,1BA$899
Central LoftsJJ2BR,1BA$925

Best Value Apartments for Rent in Old Erie, IN

As of August 27, 2026 the best value apartment in the Old Erie area is the $1.42 price per square foot Nabisco Building - 2 Bedrooms 2 Bathrooms Model at Nabisco Building in the in the STAR neighborhood starting from $2,650. The second greatest value Old Erie apartment is the 3BR/2.0BA Model at Sunset Tower starting at $1,600 with a $1.07 price per square foot in the ACT 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.
Nabisco BuildingNabisco Building - 2 Bedrooms 2 Bathrooms2BR,2BA$1.42
Sunset Tower3BR/2.0BA3BR,2BA$1.07
The Harrison2 BD Furnished Apartment in Downtown Evansville2BR,1BA$1.54
Weinbach Manor ApartmentsModel2BR,2BA$1.04
WedgewoodTwo Bedroom2BR,1.5BA$0.63
City Pointe2 Bedroom 1 Bath2BR,1BA$1.33
Central LoftsD2BR,1BA$1.48
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Deluxe2BR,1BA$1.22
Richardt ApartmentsRichardt - 1BDBA (A's)1BR,1BA$1.18
The Forge on MainStudioStudio ,1BA$1.55

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
Old Erie, Evansville, IN

Ranked #43

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
Old Erie, Evansville, IN

School data provided by Great Schools

Frequently Asked Questions about Old Erie

What type of rentals are currently available in Old Erie?

There are currently 198 Apartments for Rent in Old Erie, IN with pricing that ranges from $475 to $3,355. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Erie ranging from $625 to $2,400.

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 $625 to $2,400 with an average monthly rent of $1,112.

How much are larger Three and Four Bedroom Rentals in Old Erie?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Old Erie range from $925 to $925, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $1,795. Four Bedroom Single-Family rentals are also available starting from $925 and Four Bedroom Apartments start at $1,595.

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.