204 Read St
EvansvilleIN47710
Cheap Apartments for Rent in the University South Neighborhood of Evansville, IN from $400 (68 Rentals)
Search the lowest-cost Apartments available for rent right now in the University South area of Evansville.
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$655 - $775Studio to 1 Bedroom Apartments Available Now
Sontra Evansville Apartments
1450 Luther SqEvansville, IN 47714
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Rent Specials
$660 - $1,165Studio to 1 Bedroom Apartments Available Now
Embassy Apartments
1290 Hatfield DrEvansville, IN 47714
416 Lodge Ave
EvansvilleIN47714
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$6951 Bedroom Apartments Available Soon
Crescent Court Apartments
1523 Jeanette AveEvansville, IN 47714
1228 S Roosevelt Dr
EvansvilleIN47714
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Rent Specials
$699 - $1,1491 to 2 Bedroom Apartments Available Now
Terra Trace Apartments
1715 Theatre DrEvansville, IN 47715
309 E Virginia St
EvansvilleIN47711
931 SE 8th St
EvansvilleIN47713
1165 1167-1167 S Lombard Ave
EvansvilleIN47714
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.
1213 Lodge Ave
EvansvilleIN47714
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$799 - $1,5791 to 3 Bedroom Apartments Available Now
The Manning
3305 E Pollack AveEvansville, IN 47714
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$799 - $1,4991 to 4 Bedroom Apartments Available Now
Coldwater Flats LLC
1320 Lee CtEvansville, IN 47714
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$814 - $1,1451 to 2 Bedroom Apartments Available Now
Addison Place
1165 Shiloh SqEvansville, IN 47714
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Rent Specials
$845 - $1,701Studio to 2 Bedroom Apartments Available Now
The Forge on Main
200 N Main StEvansville, IN 47711
706 Court St
EvansvilleIN47708
665 St Mary's Dr
EvansvilleIN47714
721 S Frederick St
EvansvilleIN47714
957 S Spring St
EvansvilleIN47714
735 E Powell Ave
EvansvilleIN47713
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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1 to 2 Bedroom Apartments
1430 Parrett St
1430 Parrett StEvansville, IN 47713
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1 Bedroom Apartments
Boeke Place
1401 S Boeke RdEvansville, IN 47714
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1 Bedroom Apartments
Chapel Court Apartments
2151 E Columbia StEvansville, IN 47711
1204 S Lombard Ave
EvansvilleIN47714
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1 to 2 Bedroom Apartments
Sunrise East Apartments
3974 Covert AveEvansville, IN 47714
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1 to 2 Bedroom Apartments
The Grove
1105 SE First StEvansville, IN 47713
1215 Lodge Ave
EvansvilleIN47714
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1 to 2 Bedroom Apartments
Dexter Villa Apartments
2841 Washington AveEvansville, IN 47714
300 E Michigan St
EvansvilleIN47711
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1 Bedroom Apartments
428 South Kentucky Avenue
428 S Kentucky AveEvansville, IN 47714
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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Studio to 2 Bedroom Apartments
The Rathbone Apartments
1320 SE 2nd StEvansville, IN 47713
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1 to 2 Bedroom Apartments
Donaldson Arms
1407 Howard StEvansville, IN 47713
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1 to 2 Bedroom Apartments
1510 SE Riverside Dr
1510 SE Riverside DrEvansville, IN 47713
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1 to 3 Bedroom Apartments
Kinway Apartments
1952 Colts LnEvansville, IN 47714
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2 Bedroom Apartments
INBFP Bradford Pointe
1680-1682 E Franklin StEvansville, IN 47711
1513 Lincoln Ave
EvansvilleIN47714
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Studio to 2 Bedroom Apartments
Princeton Court
103 Princeton CtEvansville, IN 47715
1021 Jefferson Ave
EvansvilleIN47714
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2 Bedroom Apartments
Wedgewood
1127 Lincoln AveEvansville, IN 47714
307 Ridgeway Ave
EvansvilleIN47713
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.
708 SE 3rd St
EvansvilleIN47713
1119 SE Riverside Dr
EvansvilleIN47713
26 W Florida St
EvansvilleIN47710
1916 Washington Ave
EvansvilleIN47714
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1 to 3 Bedroom Apartments
Woodland Park Apartments
2340 Sunburst BlvdEvansville, IN 47714
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1 to 2 Bedroom Apartments
110 East Powell Avenue
110 E Powell AveEvansville, IN 47713
1901 Conlin Ave
EvansvilleIN47714
924 SE 6th St
EvansvilleIN47713
800 SE 2nd St
EvansvilleIN47713
408 Madison Ave
EvansvilleIN47713
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.
Showing Results 1-50, Page 1 of 2
University South, Evansville, IN Local Guide
How much does it cost to rent an apartment in University South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University South Studio Apartments | $892 | $655 | $1,299 |
| University South 1 Bedroom Apartments | $1,307 | $600 | $1,849 |
| University South 2 Bedroom Apartments | $1,489 | $695 | $2,424 |
| University South 3 Bedroom Apartments | $1,265 | $1,187 | $1,579 |
| University South 4 Bedroom Apartments | $1,499 | $1,499 | $1,499 |
Browse Apartments in this Neighborhood
There are currently 68 rentals with your search options within a 2 mile radius of the University South Neighborhood of Evansville, IN.
See all Apartments in EvansvilleExplore Evansville
University South, Evansville, IN Local Guide
- Nearby Evansville neighborhoods
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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 $655. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sontra Evansville Apartments | 0BR/1.0BA | Studio, 1BA | $655 |
| Embassy Apartments | 0.1 | Studio, 1BA | $660 |
| 1510 SE Riverside Dr | 2BR/1.0BA | 2BR, 1BA | $700 |
| Princeton Court | 1 Bed 1 Bath | 1BR, 1BA | $735 |
| Wedgewood | Two Bedroom | 2BR, 1BA | $750 |
| The Manning | 1 Bedroom 1 Bathroom | 1BR, 1BA | $799 |
| Coldwater Flats LLC | The Reservoir | 1BR, 1BA | $799 |
| Addison Place | Windsor | 1BR, 1BA | $814 |
| 800 SE Second St | 1 Beds, 1 Baths | 1BR, 1BA | $825 |
| The Forge on Main | Studio | Studio, 1BA | $845 |
Best Value Apartments for Rent in University South, IN
As of September 22, 2026 the best value apartment in the University South 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 University South apartment is the Two Bedroom Model at Wedgewood in the Lincoln-Bellemeade neighborhood starting at $750 with a $0.63 price per square foot. Here is today’s list of the best values for University South apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Tower | 3BR/2.0BA | 3BR, 2BA | $1.07 |
| Wedgewood | Two Bedroom | 2BR, 1.5BA | $0.63 |
| Ross Center Village | 2BR/1.0BA | 2BR, 1BA | $0.80 |
| The Audubon | The Audubon - 2 Bedrooms 1 Bathroom | 2BR, 1BA | $1.27 |
| Northbend Townhomes | 3 Bedroom Townhome | 3BR, 1.5BA | $1.12 |
| Terra Trace Apartments | 2x1.5-Q-936 | 2BR, 1.5BA | $1.23 |
| Washington Court | Washington Court - 1 Bedroom 1 Bathroom | 1BR, 1BA | $1.18 |
| Coldwater Flats LLC | The Stream | 2BR, 1BA | $1.25 |
| Addison Place | Windsor | 1BR, 1BA | $1.23 |
| Princeton Court | 1 Bed 1 Bath | 1BR, 1BA | $1.28 |
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.
Read ArticleReal 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
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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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If you’re an expert on all things University South, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleUniversity South, Evansville, IN
Ranked #27
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in University South, Evansville, IN
Benjamin Bosse High School
Evansville Vanderburgh Sch Corp
Public School - Grades PK-12 (868)
3 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap University South Apartments
What is a cheap apartment in University South?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University South is under $845.
What is the price of a cheap apartment in University South?
The cheapest apartment in University South is 1510 SE Riverside Dr which is listed at $725, while the average apartment in University South costs $1,291.
What types of apartments are the cheapest in University South?
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 2 regular apartments in University South 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 University South?
Cheap apartments in University South have an average cost of $148 which is $1,143 cheaper than the average rent for all rentals in University South.
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
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.
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.
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.
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.