Cheap Apartments for Rent in the Tepe Park Neighborhood of Evansville, IN from $400 (62 Rentals)

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

property at 309 E Virginia St
$725 - $825
1 Bedroom Rentals
Available Now
Affordability

309 E Virginia St

EvansvilleIN47711

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.

property at 721 S Frederick St
$875 - $900
1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

721 S Frederick St

EvansvilleIN47714
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1430 Parrett St
1 to 2 Bedroom Apartments

1430 Parrett St

1430 Parrett StEvansville, IN 47713
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Boeke Place
1 Bedroom Apartments

Boeke Place

1401 S Boeke RdEvansville, IN 47714
  • Utilities Included
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The Grove
1 to 2 Bedroom Apartments

The Grove

1105 SE First StEvansville, IN 47713
  • Utilities Included

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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Kinway Apartments
1 to 3 Bedroom Apartments

Kinway Apartments

1952 Colts LnEvansville, IN 47714
  • Utilities Included
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • Utilities Included
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The Rathbone Apartments
Studio to 2 Bedroom Apartments

The Rathbone Apartments

1320 SE 2nd StEvansville, IN 47713
Corporate Housing
  • Utilities Included

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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Wedgewood
2 Bedroom Apartments

Wedgewood

1127 Lincoln AveEvansville, IN 47714
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307 SE 2nd St
1 Bedroom Apartments

307 SE 2nd St

307 SE 2nd StEvansville, IN 47713

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.

property at 924 SE 6th St
$800
1 Bedroom Rentals
Available Now
Affordability

924 SE 6th St

EvansvilleIN47713
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800 SE Second St
1 Bedroom Apartments

800 SE Second St

800 SE Second StEvansville, IN 47713
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Legacy Commons
Studio to 2 Bedroom Apartments

Legacy Commons

1101 S Lincoln Park DrEvansville, IN 47714
  • Utilities Included

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.

Tepe Park, Evansville, IN Local Guide

Cheapest Available Tepe Park Apartments for Rent

 

The cheapest available apartment rental in the Tepe Park area of Evansville, IN is a 2 Beds unit found at 1510 SE Riverside Dr priced from $700. Wedgewood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here are the most affordable Tepe Park apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
1510 SE Riverside Dr2BR/1.0BA2BR, 1BA$700
WedgewoodTwo Bedroom2BR, 1BA$750
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
Central LoftsJJ2BR, 1BA$925
The Evansville LoftsCambridge Arms - 1 Bedroom 1 Bathroom1BR, 1BA$964
Owen BlockOwen Block - 1 Bedroom 1 Bathroom1BR, 1BA$974
1330 SE Second St1 Beds, 1 Baths1BR, 1BA$999
Washington CourtWashington Court - 1 Bedroom 1 Bathroom1BR, 1BA$1,089

Best Value Apartments for Rent in Tepe Park, IN

As of September 22, 2026 the best value apartment in the Tepe Park area is the $1.07 price per square foot 3BR/2.0BA Model at Sunset Tower in the ACT neighborhood starting from $1,600. The second greatest value Tepe Park apartment is the 2 BD Furnished Apartment in Downtown Evansville Model at The Harrison in the Howell neighborhood starting at $2,000 with a $1.54 price per square foot. Here is today’s list of the best values for Tepe Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Tower3BR/2.0BA3BR, 2BA$1.07
The Harrison2 BD Furnished Apartment in Downtown Evansville2BR, 1BA$1.54
WedgewoodTwo Bedroom2BR, 1.5BA$0.63
The AudubonThe Audubon - 2 Bedrooms 1 Bathroom2BR, 1BA$1.27
Nabisco BuildingNabisco Building - 1 Bedroom 1 Bathroom1BR, 1BA$1.42
Washington CourtWashington Court - 1 Bedroom 1 Bathroom1BR, 1BA$1.18
City Pointe2 Bedroom 1 Bath2BR, 1BA$1.33
Owen BlockOwen Block - 1 Bedroom 1 Bathroom1BR, 1BA$1.08
Central LoftsD2BR, 1BA$1.48
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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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
Tepe Park, Evansville, IN

Ranked #34

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 Cheap Tepe Park Apartments

What is the Cheapest Studio apartment in Tepe Park?

Currently the most affordable Cheap Studio Apartment in Tepe Park is at Market Street Apartments listed at $820.

How much is rent for a Cheap One Bedroom Tepe Park Apartment?

The lowest price for a Cheap One Bedroom Tepe Park Apartment is $725 at 1510 SE Riverside Dr.

What is the lowest price for a Cheap Two Bedroom Tepe Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Tepe Park is starting from $700 at 1510 SE Riverside Dr.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.