Rentometer, Inc. | Data as of 10/23/2025
Evansville, Indiana, offers a vibrant blend of riverfront charm, historic districts, and growing economic opportunities, making it a compelling destination for renters seeking both convenience and community. The city’s diverse neighborhoods—from the revitalized downtown area near the Evansville Convention Center to the family‑friendly streets of Oak Hill and the college‑centric vibe around the University of Evansville—provide a range of lifestyle options. Proximity to cultural attractions such as the Mesker Park Zoo, the Evansville Museum of Arts, History & Science, and Bosse Field enhances the appeal for professionals, students, and families alike.
The local rental market reflects this variety, with apartments and single‑family homes available across a broad price spectrum. Studio and one‑bedroom apartments typically fall in the $1,000 range, with median rents just under that mark, while larger two‑ and three‑bedroom units trend toward the $1,200‑$1,400 range. Single‑family houses are generally more affordable, especially one‑ and two‑bedroom homes that often sit in the $800‑$1,000 bracket, whereas three‑ and four‑plus bedroom houses command rents in the $1,300‑$1,500 range. This balance of options ensures that renters can find a suitable fit whether they prioritize downtown walkability or a quieter suburban setting.
Neighborhoods such as the Riverfront District, with its scenic parks and riverwalk, attract those who enjoy an active, urban lifestyle, while areas like the West Side and Lynnview offer spacious residential streets and easy access to schools and shopping centers. With a mix of modern apartments, historic homes, and new developments, Evansville’s rental market supports a dynamic community that continues to grow and adapt, making it an attractive place to call home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,059 | $802 | $541 - $1,909 | $600 - $1,809 |
| Apartment | 1 Bedroom | $977 | $885 | $369 - $2,179 | $700 - $1,100 |
| Apartment | 2 Bedroom | $1,232 | $1,125 | $675 - $2,424 | $1,005 - $1,400 |
| Apartment | 3 Bedroom | $1,431 | $1,322 | $795 - $2,700 | $1,095 - $1,600 |
| House | 1 Bedroom | $788 | $737 | $450 - $2,000 | $625 - $850 |
| House | 2 Bedroom | $1,008 | $950 | $550 - $2,400 | $850 - $1,100 |
| House | 3 Bedroom | $1,335 | $1,300 | $725 - $2,250 | $1,095 - $1,525 |
| House | 4+ Bedroom | $1,604 | $1,550 | $950 - $2,700 | $1,340 - $1,700 |
In the current period, the average rent in Evansville was $1,036 for Studio, $945 for 1 Bedroom, $1,101 for 2 Bedroom, $1,351 for 3 Bedroom, and $1,571 for 4+ Bedroom.
Data provided by Rentometer, Inc.