
Cheap Apartments for Rent in the Tepe Park Neighborhood of Evansville, IN from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Tepe Park area of Evansville.


500 E Franklin St

1034 N 3rd Ave

101 SE 2nd St

610 Taylor Ave

920 Lincoln Ave
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.

1111 E Powell Ave

518 E Illinois St

701 703-703 E Oregon St

309 E Virginia St

720 SE Riverside Dr

The Forge on Main
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.
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.
Tepe Park, Evansville, IN Local Guide

How much does it cost to rent an apartment in Tepe Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Tepe Park Studio Apartments | $1,604 | $725 | $1,999 |
| Tepe Park 1 Bedroom Apartments | $1,354 | $575 | $3,240 |
| Tepe Park 2 Bedroom Apartments | $1,299 | $750 | $2,514 |
| Tepe Park 3 Bedroom Apartments | $1,164 | $950 | $1,495 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Tepe Park Neighborhood of Evansville, IN.
See all Apartments in EvansvilleExplore Evansville
Tepe Park, Evansville, IN Local Guide
- Nearby Evansville neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wedgewood | Two Bedroom | 2BR,1BA | $715 |
| The Forge on Main | Studio A | Studio,1BA | $800 |
| Legacy Commons | 1 BEDROOM | 1BR,1BA | $850 |
| Market Street Apartments | Studio Apartment Home in Historic Building | Studio,1BA | $865 |
| Central Lofts | JJ | 2BR,1BA | $925 |
Best Value Apartments for Rent in Tepe Park, IN
As of December 10, 2025 the best value apartment in the Tepe Park 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Tower | 3BR/2.0BA | 3BR,2BA | $1.03 |
| Wedgewood | Two Bedroom | 2BR,1.5BA | $0.60 |
| City Pointe | 2 Bedroom 1 Bath | 2BR,1BA | $1.30 |
| Legacy Commons | 2 BEDROOM | 2BR,1BA | $1.26 |
| Colonial Manor Apartments | 2x1 R | 2BR,1BA | $1.09 |
| Post House | Ledger | 1BR,1BA | $2.03 |
| Central Lofts | D | 2BR,1BA | $1.48 |
| The Forge on Main | Studio A | Studio ,1BA | $1.40 |
| 714 N Main St, Unit Dewey's Boutique Apt | 714 N Main St | 1BR,1BA | $2.60 |
| Market Street Apartments | Studio Apartment Home in Historic Building | Studio ,1BA | $2.16 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleQuick 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.
Pet Friendly LifestyleTepe Park, Evansville, IN
Ranked #42
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Tepe Park, Evansville, IN
Fairlawn Elementary School
Benjamin Bosse High School
Glenwood Leadership Academy
School data provided by Great Schools
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,600.
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.
How do the prices of cheap apartments compare to the average apartment in Tepe Park?
Cheap apartments in Tepe Park have an average cost of $118 which is $1,781 cheaper than the average rent for all rentals in Tepe Park.
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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.







