6 Cheap Apartments for rent in Evansville, IN

Last updated March 24 at 9:40am UTC
1153 Covert Avenue
Akin Park
Evansville, IN
Updated March 23 at 1:42am UTC
1 Bedroom
914 N. 1st Avenue Apt B
Evansville, IN
Updated March 16 at 10:24am UTC
1 Bedroom
1408 E Oregon St
Evansville, IN
Updated January 3 at 3:35pm UTC
2 Bedrooms
615 N Fulton Ave
Cedar Hall
Evansville, IN
Updated March 24 at 9:40am UTC
1 Bedroom
1323 E Olive St
Rosedale South
Evansville, IN
Updated March 16 at 2:03am UTC
1 Bedroom
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

March 2018 Evansville Rent Report

Welcome to the March 2018 Evansville Rent Report. Evansville rents declined over the past month. In this report, we'll evaluate trends in the Evansville rental market, including comparisons to cities throughout the state and nation.

View full Evansville Rent Report
Rent Report

March 2018 Evansville Rent Report

Welcome to the March 2018 Evansville Rent Report. Evansville rents declined over the past month. In this report, we'll evaluate trends in the Evansville rental market, including comparisons to cities throughout the state and nation.

Evansville rents declined marginally over the past month

Evansville rents have declined 0.1% over the past month, but have increased slightly by 1.5% in comparison to the same time last year. Currently, median rents in Evansville stand at $660 for a one-bedroom apartment and $860 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in December of last year. Evansville's year-over-year rent growth lags the state average of 1.8%, as well as the national average of 2.3%.

Rents rising across cities in Indiana

Throughout the past year, rent increases have been occurring not just in the city of Evansville, but across the entire state. Of the largest 10 cities that we have data for in Indiana, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.8% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Carmel is the most expensive of all Indiana's major cities, with a median two-bedroom rent of $1,200; of the 10 largest cities in Indiana that we have data for, South Bend and Lafayette, where two-bedrooms go for $840 and $800, are the only two major cities in the state to see rents fall year-over-year (-1.3% and -0.1%).
  • Fort Wayne, Indianapolis, and Carmel have all experienced year-over-year growth above the state average (3.2%, 2.6%, and 2.2%, respectively).

Evansville rents more affordable than many large cities nationwide

As rents have increased slightly 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 $860 is below the national average of $1,160. Nationwide, rents have grown by 2.3% over the past year compared to the 1.5% increase in Evansville.
  • While Evansville's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.3%), Atlanta (+2.3%), and Seattle (+2.1%).
  • Renters will find more reasonable prices in Evansville than most large cities. For example, San Francisco has a median 2BR rent of $3,040, which is more than 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.


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.