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Apartments Under $500 in Evansville, IN

1 - 8 of 8 Results
16
$446
Dalehaven Estates
2.8
3700 Justus Court Evansville, IN
2 BR | Available Now
Contact
Luxury
Income Restricted
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
4
$486
315 SE Martin L King Jr Blvd
Evansville, IN
2 BR | Ask for Availability
Contact
Downtown Evansville
1
$ Ask - 740
702 Fairway Dr
Evansville, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$ Ask - 850
Wedgewood
1127 Lincoln Ave Evansville, IN
2 BR | Available Now
Contact
Storage
Disability Access
1
$115
Corporate Housing
1309 Carousel Ct Evansville, IN
2 BR | Ask for Availability
Contact
1
$500
305 Washington Ave
Evansville, IN
1 BR | Ask for Availability
Contact
Goosetown
3
$409
736 Cross St
Evansville, IN
4 BR | Ask for Availability
Contact
3
$486
1030 W Franklin St
Evansville, IN
3 BR | Ask for Availability
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STAR
1 - 8 of 8 Results
  1. Home
  2. Evansville
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Evansville, IN on Rentable.co?

There are 8 apartments under $500 in Evansville currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Evansville?

Rentable.co has 8 studio apartments under $500 available for rent in Evansville.

How many one-bedroom apartments under $500 are available in Evansville?

Rentable.co has 10 one-bedroom apartments under $500 available for rent in Evansville.

How many two-bedroom apartments under $500 are available in Evansville?

Rentable.co has 83 two-bedroom apartments under $500 available for rent in Evansville.

Can I afford a apartment under $500 in Evansville, IN?

To comfortably afford a apartment under $500 in Evansville based on average rent prices, a household would need an annual income of $18,000.

Which neighborhoods have the most apartments under $500 for rent in Evansville, IN?

  1. STAR
  2. Downtown Evansville
  3. Garvinwood
  4. Goosetown
  5. Diamond-Stringtown

Apartments Under $500 in Evansville, IN: July Rental Information

Welcome to the July 2026 Evansville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2026 key findings and figures for the Evansville rental landscape.

Our experts analyze the inventory trends for apartments under $500 - overall market rent-distribution, availability by bedroom count, and month-over-month comparisons - in Evansville and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Evansville. Whether you're a student or young professional searching for an affordable option, this report aims to help you navigate the rental market with ease and find the perfect apartment that suits your budget and preferences.
0 7 15 22 30 <$600 $620 $660 $700 $740 $780 $820 $860 $900 $940 $980 $1,020 $1,060 >$1,100
This month, the typical cost to rent a one-bedroom apartment in Evansville stands at $840, with the majority falling between $650 and $1,050. Out of the 886 one-bedroom apartments currently on the market in Evansville, 6 are priced below $500, accounting for 1% of the total available one-bedroom units in Evansville.

Available Apartments Under $500: Evansville vs. Surrounding Areas

Evansville, IN
6
In July 2026, Rentable has identified a total of 12 apartments under $500 available for rent in the Evansville, IN metro area. This includes apartments in Evansville itself, as well as in the surrounding cities of Princeton, Newburgh, Chandler, Henderson, and Boonville. This data provides a comprehensive view of the rental market in the area, giving prospective renters an understanding of the availability and affordability of apartments in this price range.

Apartments Under $500 Now vs. Last Month: Evansville and Surrounding Areas

City Apartments Under $500 in July M/M % Change
Evansville, IN 6 +0.88%
Princeton, IN 1 +1.0%
Henderson, KY 0 +1.0%

Looking for Apartments Under $500 in Evansville?

Available apartments under $500 389
Top amenities On Site Laundry, In Unit Laundry, 24 Hour Maintenance, Clubhouse, Pet Park
Pet friendly 16
1 Bedroom 14
2 Bedroom 9
4 Bedroom 3

Where are Evansville Apartments Under $500?

Top Neighborhoods Star, Downtown evansville, Garvinwood, Goosetown, Diamond-stringtown
STAR 2
Downtown Evansville 1
Garvinwood 1
Goosetown 1
Diamond-Stringtown 1
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