3 Cheap Apartments for rent in Evansville, IN

Last updated January 7 at 1:35am UTC
2001 S Kerth Ave
Evansville
Evansville, IN
Updated January 3 at 3:47pm UTC
1 Bedroom
$450
1408 E Oregon St
Evansville
Evansville, IN
Updated January 3 at 3:35pm UTC
2 Bedrooms
$395
1323 E Olive St
Rosedale South
Evansville, IN
Updated January 7 at 1:35am UTC
1 Bedroom
$375
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January 2018 Evansville Rent Report

Welcome to the January 2018 Evansville Rent Report. Evansville rents remained steady over the past month. In this report, we'll evaluate trends in the Evansville rental market, including comparisons to similar cities nationwide.

View full Evansville Rent Report
Rent Report
Evansville

January 2018 Evansville Rent Report

Welcome to the January 2018 Evansville Rent Report. Evansville rents remained steady over the past month. In this report, we'll evaluate trends in the Evansville rental market, including comparisons to similar cities nationwide.

Evansville rents held steady over the past month

Evansville rents have remained flat over the past month, however, they are up moderately by 2.9% year-over-year. Currently, median rents in Evansville stand at $670 for a one-bedroom apartment and $870 for a two-bedroom. Evansville's year-over-year rent growth leads the state average of 2.0%, as well as the national average of 2.8%.

Evansville rents more affordable than many large cities nationwide

As rents have increased moderately in Evansville, a few large cities nationwide have also seen rents grow modestly. Evansville is still more affordable than most large cities across the country.

  • Evansville's median two-bedroom rent of $870 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 2.9% rise in Evansville.
  • While Evansville's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Evansville than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is nearly three-and-a-half times the price in Evansville.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.