
Cheap Homes for Rent in the University South Neighborhood of Evansville, IN from $600 (32 Rentals)
Search the lowest-cost Homes available for rent right now in the University South area of Evansville.


1609 Rheinhardt Ave

109 Welworth Ave

1228 S Roosevelt Dr

307 Ridgeway Ave

1916 Washington Ave

1021 Jefferson Ave

640 Jefferson Ave
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.

1901 Conlin Ave

408 Madison Ave

814 Taylor Ave

2167 E Powell Ave

213 Taylor Ave

924 SE 6th St

731 E Florida St

730 Covert Ave
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.

1516 E Illinois St

1506 Covert Ave

1410 E Indiana St

217 E Oregon St

629 S Harlan Ave

2051 Covert Ave

1413 E Illinois St

504 Adams Ave
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.

2114 Cass Ave

621 Covert Ave

1330 SE 2nd St

1807 S Kerth Ave

1651 Burdette Ave

708 E Maryland St

1753 Edson Ave

1661 Burdette Ave
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.
University South, Evansville, IN Local Guide

How much does it cost to rent a home in University South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University South 2 Bedroom Homes for Rent | $1,018 | $725 | $1,500 |
| University South 3 Bedroom Homes for Rent | $1,135 | $800 | $1,450 |
| University South 4 Bedroom Homes for Rent | $1,469 | $1,000 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the University South Neighborhood of Evansville, IN.
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University South, Evansville, IN Local Guide
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Embassy Apartments | 1.1 | 1BR,1BA | $547 |
| Sontra Evansville Apartments | 0BR/1.0BA | Studio,1BA | $655 |
| Princeton Court | 1 Bed 1 Bath | 1BR,1BA | $675 |
| Bradford Pointe Apartments | INBFP 2x1 675sqft - Classic | 2BR,1BA | $725 |
| Addison Place | Windsor | 1BR,1BA | $749 |
| Wedgewood | Two Bedroom | 2BR,1BA | $750 |
| 800 SE Second St | 1 Beds, 1 Baths | 1BR,1BA | $825 |
| Northbend Townhomes | 1 Bedroom Flat | 1BR,1BA | $840 |
| The Forge on Main | Studio | Studio,1BA | $845 |
| The Manning | 1 Bedroom 1 Bathroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wedgewood | Two Bedroom | 2BR,1.5BA | $0.63 |
| Ross Center Village | 2BR/1.0BA | 2BR,1BA | $0.83 |
| Terra Trace Apartments | 2x1.5-Q-936 | 2BR,1.5BA | $1.23 |
| City Pointe | 2 Bedroom 1 Bath | 2BR,1BA | $1.33 |
| The Manning | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.41 |
| Bradford Pointe Apartments | INBFP 2x1 675sqft - Deluxe | 2BR,1BA | $1.22 |
| Addison Place | Windsor | 1BR,1BA | $1.13 |
| Northbend Townhomes | 1 Bedroom Flat | 1BR,1BA | $1.36 |
| Princeton Court | 1 Bed 1 Bath | 1BR,1BA | $1.17 |
| Embassy Apartments | 0.1 | Studio ,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.
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.
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 LifestyleUniversity South, Evansville, IN
Ranked #39
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
School data provided by Great Schools
Frequently Asked Questions about University South
What type of rentals are currently available in University South?
There are currently 172 Apartments for Rent in University South, IN with pricing that ranges from $547 to $2,374. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in University South ranging from $625 to $2,500.
What is the current price range for Rental Homes in University South?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University South ranges from $625 to $2,500 with an average monthly rent of $1,065.
How much are larger Three and Four Bedroom Rentals in University South?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University South range from $900 to $1,509, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $1,450. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,595.
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.

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.

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.

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.