Cheap Apartments for Rent in the University South Neighborhood of Evansville, IN from $400 (71 Rentals)

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

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.

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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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property at 1753 Edson Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

1753 Edson Ave

EvansvilleIN47714
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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

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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The Grove
1 to 2 Bedroom Apartments

The Grove

1105 SE First StEvansville, IN 47713
  • Utilities Included
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Princeton Court
Studio to 2 Bedroom Apartments

Princeton Court

103 Princeton CtEvansville, IN 47715
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard 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

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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Wedgewood
2 Bedroom Apartments

Wedgewood

1127 Lincoln AveEvansville, IN 47714
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800 SE Second St
1 Bedroom Apartments

800 SE Second St

800 SE Second StEvansville, IN 47713

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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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 1 Bed unit found at Embassy Apartments priced from $547. Sontra Evansville Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $655. Here are the most affordable University South apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments1.11BR,1BA$547
Sontra Evansville Apartments0BR/1.0BAStudio,1BA$655
Princeton Court1 Bed 1 Bath1BR,1BA$675
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$725
Addison PlaceWindsor1BR,1BA$749
WedgewoodTwo Bedroom2BR,1BA$750
800 SE Second St1 Beds, 1 Baths1BR,1BA$825
Northbend Townhomes1 Bedroom Flat1BR,1BA$840
The Forge on MainStudioStudio,1BA$845
The Manning1 Bedroom 1 Bathroom1BR,1BA$849

Best Value Apartments for Rent in University South, IN

As of August 08, 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 2BR/1.0BA Model at Ross Center Village starting at $950 with a $0.83 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
Ross Center Village2BR/1.0BA2BR,1BA$0.83
Terra Trace Apartments2x1.5-Q-9362BR,1.5BA$1.23
City Pointe2 Bedroom 1 Bath2BR,1BA$1.33
The Manning2 Bedroom 1 Bathroom2BR,1BA$1.41
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Deluxe2BR,1BA$1.22
Addison PlaceWindsor1BR,1BA$1.13
Northbend Townhomes1 Bedroom Flat1BR,1BA$1.36
Princeton Court1 Bed 1 Bath1BR,1BA$1.17
Embassy Apartments0.1Studio ,1BA$1.48

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 #39

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 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 $849.

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

The cheapest apartment in University South is Embassy Apartments which is listed at $547, while the average apartment in University South costs $1,399.

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 4 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 $235 which is $1,164 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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.