Evansville, IN Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Evansville is $1,016, a N/A compared to the previous year, when the average rent was .
Studio Apartments at $698 offer the most budget-friendly option with 461 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 684 square feet for $867, balancing privacy and affordability.
Two-beedroom units at $1,071 offer 931 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,227 sq ft) for $1,388, suitable for larger households.
Average rent in Evansville, IN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,016 | 841 sq. ft. |
| Studio | $698 | 461 sq. ft. |
| 1 Bed | $867 | 684 sq. ft. |
| 2 Beds | $1,071 | 931 sq. ft. |
| 3 Beds | $1,388 | 1,227 sq. ft. |
Evansville, IN rent trends
What's the typical rent budget in Evansville, IN?
The largest share of rentals in Evansville, IN (59%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Evansville, IN?
24,114 or 46% of the households in Evansville, IN are renter-occupied while 28,170 or 54% are owner-occupied.
Average Rent in Evansville, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Evansville City | $1,002 |
How Evansville Compares to Other Cities
| City | Average Rent |
|---|---|
| Evansville | $1,016 |
| Hammond | $1,235 |
| Jeffersonville | $1,231 |
| New Albany | $1,106 |
| Greenwood | $1,358 |
| Indianapolis | $1,253 |
| South Bend | $1,310 |
| Fort Wayne | $1,143 |
| Lafayette | $1,174 |
| Bloomington | $1,579 |
| Henderson, KY | $892 |
| Newburgh, IN | $1,196 |
| Princeton, IN | $959 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Evansville apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.