Homes for Rent in 47711

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What to Know About

Living in 47711

Evansville is a charming city located in the southwest corner of Indiana that seamlessly fuses city living with the warm familiarity of a small town. With a rich and diverse cultural history, the city has multiple historical sites such as the Reitz Home Museum, the Mesker Park Zoo & Botanic Garden, and the Evansville Museum of Arts, History & Science. In addition, the city boasts several highly regarded educational institutions, including the University of Evansville, Ivy Tech Community College, and the University of Southern Indiana.

Outdoor enthusiasts will find plenty of activities to keep them busy in Evansville, with attractions such as the Wesselman Woods Nature Preserve, the Pigeon Creek Greenway Passage, and the Evansville Riverwalk. Additionally, Evansville showcases its lively atmosphere and friendly community through events like the West Side Nut Club Fall Festival, one of the largest street festivals in the country, and the Evansville HydroFest, held through all seasons of the year.

With its strong community spirit, affordable cost of living, and cultural and recreational opportunities, Evansville is a great place to call home.

Rental Market Trends

Evansville, IN

As of May 2025, Evansville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Evansville's average rent is 16.9% ($219) lower than the Indiana average of $1,298 and 39.8% ($714) lower than the U.S. average of $1,793.

Average Rent
$1,079
Monthly ChangeMonth Over Month Change
Decreased4.8% ($54)
Yearly ChangeYear Over Year Change
Increased3.3% ($34)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,014 Increased15.9% ($139) Increased11.8% ($107)
2 Beds $1,237 Increased1.6% ($19) Increased12.5% ($137)
3 Beds $1,599 Increased14.9% ($207) Increased25.7% ($327)
Nearby Cities Average Rent Avg. Rent vs. EvansvilleAverage Rent vs. Evansville Avg. Days on MarketAverage Days on Market
Newburgh $1,060 Decreased1.8% ($19) 30 days
Henderson $782 Decreased27.5% ($297) 31 days
Lynnville $664 Decreased38.5% ($415) 31 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Evansville Rental Market FAQs

Explore rental prices, market trends, and availability in Evansville, IN.

The average rent in Evansville, IN is $1,079 per month.
Homes in Evansville typically rent for between $710 and $2,079 per month, with an average of $1,079 per month.
In Evansville, the average rent for a 1-bedroom home is $1,014 per month, for a 2-bedroom home, $1,237 per month, and a 3-bedroom home is $1,599 per month.
The average rent in Evansville is 39.8% ($714) lower than the national average of $1,793 per month.
The average rent in Evansville has decreased by 4.8% ($54) in the last month and increased by 3.3% ($34) over the past year.
The rental market in Evansville, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Evansville, IN, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 108 rental properties available in Evansville, IN.
Based on the current averages, a household would need an annual income of $49,480 to comfortably afford a 2-bedroom home in Evansville.
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