Cheap Apartments for Rent in the University South Neighborhood of Evansville, IN from $400 (53 Rentals)

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

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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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.

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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

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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Kinway Apartments
1 to 3 Bedroom Apartments

Kinway Apartments

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

Donaldson Arms

1407 Howard StEvansville, IN 47713
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Wedgewood
2 Bedroom Apartments

Wedgewood

1127 Lincoln AveEvansville, IN 47714

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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The Rathbone Apartments
1 to 2 Bedroom Apartments

The Rathbone Apartments

1320 SE 2nd StEvansville, IN 47713
Corporate Housing
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Princeton Court
Studio to 2 Bedroom Apartments

Princeton Court

103 Princeton CtEvansville, IN 47715
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Legacy Commons
Studio to 2 Bedroom Apartments

Legacy Commons

1101 S Lincoln Park DrEvansville, IN 47714
  • 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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Showing Results 1-50, Page 1 of 2

University South, Evansville, IN Local Guide

Cheapest Available University South Apartments for Rent

 

The cheapest available apartment rental in the University South area of Evansville, IN is a Studio unit found at Sontra Evansville Apartments priced from $630. Embassy Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $660. Here are the most affordable University South apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
Sontra Evansville Apartments0BR/1.0BAStudio,1BA$630
Embassy Apartments0.1Studio,1BA$660
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$725
Terra Trace Apartments1x1-Q-6371BR,1BA$749
WedgewoodTwo Bedroom2BR,1BA$750
The Rathbone Apartments1bed, 1 bath1BR,1BA$795
The Manning1 Bedroom 1 Bathroom1BR,1BA$799
Forge on MainStudioStudio,1BA$813
Addison PlaceSt Charles2BR,1BA$899
800 SE Second St1 Beds, 1 Baths1BR,1BA$903

Best Value Apartments for Rent in University South, IN

As of June 22, 2026 the best value apartment in the University South area is the $0.63 price per square foot Two Bedroom Model at Wedgewood in the in the Lincoln-Bellemeade neighborhood starting from $750. The second greatest value University South apartment is the 3 Bedroom 1.5 Bath Model at City Pointe starting at $1,499 with a $1.30 price per square foot in the Lincoln-Bellemeade neighborhood. Here is today’s list of the best values for University South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
WedgewoodTwo Bedroom2BR,1.5BA$0.63
City Pointe3 Bedroom 1.5 Bath3BR,1.5BA$1.30
213 Cherry St, Unit Apt B213 Cherry St2BR,1BA$1.31
Colonial Manor Apartments2X12BR,1BA$1.15
Addison PlaceSt Charles2BR,1BA$1.06
The Manning2 Bedroom 1 Bathroom2BR,1BA$1.31
Northbend Townhomes2 Bedroom Flat2BR,1BA$1.26
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Deluxe2BR,1BA$1.22
Terra Trace Apartments1x1-Q-6371BR,1BA$1.18
Forge on MainStudioStudio ,1BA$1.42

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
University South, Evansville, IN

Ranked #37

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
University South, Evansville, IN

School data provided by Great Schools

Frequently Asked Questions about Cheap University South Apartments

What is the Cheapest Studio apartment in University South?

Currently the most affordable Cheap Studio Apartment in University South is at Sontra Evansville Apartments listed at $630.

How much is rent for a Cheap One Bedroom University South Apartment?

The lowest price for a Cheap One Bedroom University South Apartment is $697 at Embassy Apartments.

What is the lowest price for a Cheap Two Bedroom University South Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University South is starting from $725 at Bradford Pointe Apartments.

What is the most affordable University South Three Bedroom Apartment?

The best deal on a cheap University South Three Bedroom Apartment rental is at The Manning and starts from $1,199.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.