Evansville, IN Rental Market Trends
Last updated: August 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Evansville is $1,030, a 2.04% increase compared to the previous year, when the average rent was $1,010.
Studio Apartments at $729 offer the most budget-friendly option with 453 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 687 square feet for $874, balancing privacy and affordability.
Two-bedroom units at $1,084 offer 929 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,227 sq ft) for $1,391, suitable for larger households.
Average rent in Evansville, IN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,030 | 841 sq. ft. |
| Studio | $729 | 453 sq. ft. |
| 1 Bed | $874 | 687 sq. ft. |
| 2 Beds | $1,084 | 929 sq. ft. |
| 3 Beds | $1,391 | 1,227 sq. ft. |
Evansville, IN rent trends
Rental prices in Evansville, IN have increased by 2.04% over the past year. The average rent moved from $1,010 to $1,030.
What's the typical rent budget in Evansville, IN?
The largest share of rentals in Evansville, IN (58%) 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?
24,108 or 45% of the households in Evansville, IN are renter-occupied while 28,987 or 55% are owner-occupied.
How Evansville Compares to Other Cities
| City | Average Rent |
|---|---|
| Evansville | $1,030 |
| Indianapolis | $1,266 |
| New Albany | $1,108 |
| South Bend | $1,433 |
| Bloomington | $1,703 |
| Gary | $1,011 |
| Fort Wayne | $1,198 |
| Jeffersonville | $1,257 |
| Hammond | $1,256 |
| Lafayette | $1,195 |
| Muncie | $1,338 |
| Newburgh | $1,240 |
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.