Cheap Apartments for Rent in the University South Neighborhood of Evansville, IN from $400 (27 Rentals)

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

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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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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

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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The Grove
1 to 2 Bedroom Apartments

The Grove

1105 SE First StEvansville, IN 47713
  • Utilities Included
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Kinway Apartments
1 to 3 Bedroom Apartments

Kinway Apartments

1952 Colts LnEvansville, IN 47714
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • Utilities Included
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Wedgewood
2 Bedroom Apartments

Wedgewood

1127 Lincoln AveEvansville, IN 47714
Showing Results 1-27, Page 1 of 1

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 1 Bed unit found at Embassy Apartments priced from $697. Wedgewood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $715. Here are the most affordable University South apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments1.11BR,1BA$697
WedgewoodTwo Bedroom2BR,1BA$715
Princeton Court1 Bed 1 Bath1BR,1BA$750
Addison PlaceWindsor1BR,1BA$799
The Forge on MainStudio AStudio,1BA$800
Dalehaven EstatesPrincess1BR,1BA$840
Legacy Commons1 BEDROOM1BR,1BA$850
The Manning1 Bedroom 1 Bathroom1BR,1BA$935
Colonial Manor Apartments2x1 R2BR,1BA$945
TERRA TRACEThe Eastern Redbud1BR,1BA$999

Best Value Apartments for Rent in University South, IN

As of December 12, 2025 the best value apartment in the University South 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 University South 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 University South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Tower3BR/2.0BA3BR,2BA$1.03
WedgewoodTwo Bedroom2BR,1.5BA$0.60
City Pointe2 Bedroom 1 Bath2BR,1BA$1.30
Legacy Commons2 BEDROOM2BR,1BA$1.26
Colonial Manor Apartments2x1 R2BR,1BA$1.09
TERRA TRACEThe Eastern Redbud1BR,1BA$1.39
Addison PlaceWindsor1BR,1BA$1.21
Dalehaven EstatesPrincess1BR,1BA$1.36
Princeton Court1 Bed 1 Bath1BR,1BA$1.32
The Forge on MainStudio AStudio ,1BA$1.40

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
University South, Evansville, IN

Ranked #24

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
University South, Evansville, IN

School data provided by Great Schools

Getting Around the University South Neighborhood in Evansville, IN

Walk Score®

57 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 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 University South Apartments

What is the price of a cheap apartment in University South?

The cheapest apartment in University South is Embassy Apartments which is listed at $697, while the average apartment in University South costs $1,325.

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 5 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 $736 which is $589 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

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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.

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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.