Apartments & Condos for Rent in Evansville, IN

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What to Know About

Living in Evansville, IN

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 April 2025, Evansville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Evansville's average rent is 13.2% ($172) lower than the Indiana average of $1,305 and 37.0% ($666) lower than the U.S. average of $1,799.

Average Rent
$1,133
Monthly ChangeMonth Over Month Change
Decreased5.2% ($62)
Yearly ChangeYear Over Year Change
Increased9.5% ($98)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $875 Decreased11.3% ($112) Increased0.7% ($6)
2 Beds $1,218 Decreased2% ($25) Increased11% ($121)
3 Beds $1,392 Decreased0.7% ($10) Increased10.3% ($130)
Nearby Cities Average Rent Avg. Rent vs. EvansvilleAverage Rent vs. Evansville Avg. Days on MarketAverage Days on Market
Newburgh $1,033 Decreased8.8% ($100) 30 days
Henderson $782 Decreased31% ($351) 31 days
Lynnville $664 Decreased41.4% ($469) 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 $1,133 per month.
Apartments in Evansville typically rent for between $613 and $1,810 per month, with an average of $1,133 per month.
In Evansville, the average rent for a 1-bedroom apartment is $875 per month, for a 2-bedroom apartment, $1,218 per month, and a 3-bedroom apartment is $1,392 per month.
The average rent in Evansville is 37% ($666) lower than the national average of $1,799 per month.
The average rent in Evansville has decreased by 5.2% ($62) in the last month and increased by 9.5% ($98) 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 103 rental properties available in Evansville, IN.
Based on the current averages, a household would need an annual income of $48,720 to comfortably afford a 2-bedroom apartment in Evansville.
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