Cheap Apartments for Rent in the Tepe Park Neighborhood of Evansville, IN from $400 (17 Rentals)

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

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.

property at 101 SE 2nd St

101 SE 2nd St

EvansvilleIN47708
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1430 Parrett St
1 to 2 Bedroom Apartments

1430 Parrett St

1430 Parrett StEvansville, IN 47713

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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Boeke Place
1 Bedroom Apartments

Boeke Place

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

The Grove

1105 SE First StEvansville, IN 47713
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
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Kinway Apartments
1 to 3 Bedroom Apartments

Kinway Apartments

1952 Colts LnEvansville, IN 47714
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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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Wedgewood
2 Bedroom Apartments

Wedgewood

1127 Lincoln AveEvansville, IN 47714

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 Wedgewood priced from $715. The Forge on Main has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Tepe Park apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
WedgewoodTwo Bedroom2BR,1BA$715
The Forge on MainStudio AStudio,1BA$800
Market Street ApartmentsStudio Apartment Home in Historic BuildingStudio,1BA$865
Colonial Manor Apartments2x1 R2BR,1BA$907
Maybelle-Montrose1 Bedroom, 1 Bathroom1BR,1BA$949

Best Value Apartments for Rent in Tepe Park, IN

As of October 24, 2025 the best value apartment in the Tepe Park area is the $1.43 price per square foot 2 Bedrooms, 2 Bathrooms Model at Nabisco Building in the in the Howell neighborhood starting from $1,989. The second greatest value Tepe Park apartment is the Two Bedroom Model at Wedgewood starting at $715 with a $0.60 price per square foot in the Lincoln-Bellemeade neighborhood. 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.
Nabisco Building2 Bedrooms, 2 Bathrooms2BR,2BA$1.43
WedgewoodTwo Bedroom2BR,1.5BA$0.60
The Rathbone Apartments2 Bedroom Unfurnished2BR,1BA$1.07
City Pointe2 Bedroom 1 Bath2BR,1BA$1.30
Owen Block1 Bedroom, 1 Bathroom1BR,1BA$1.33
Colonial Manor Apartments2x1 R2BR,1BA$1.05
Legacy Commons1 BEDROOM1BR,1BA$1.29
Central LoftsD2BR,1BA$1.48
2175 E Columbia St, Unit 21912175 E Columbia St1BR,1BA$1.08
The Forge on MainStudio AStudio ,1BA$1.40

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 #52

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Tepe Park Neighborhood in Evansville, IN

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Tepe Park Apartments

What is a cheap apartment in Tepe Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Tepe Park is under $1,092.

What is the price of a cheap apartment in Tepe Park?

The cheapest apartment in Tepe Park is The Forge on Main which is listed at $832, while the average apartment in Tepe Park costs $1,899.

What types of apartments are the cheapest in Tepe Park?

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 4 regular apartments in Tepe Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.