Most Affordable Neighborhoods in Evansville, IN
Some of the cheapest neighborhoods in Evansville are Western Terrace, Greater Oakhill, and Jacobsville. These neighborhoods offer some of the lowest rent prices in Evansville, making them ideal for renters on a budget. As of April 3, 2025, the average rent in Evansville is $833, which is 2.1% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Western Terrace
Average Rent
$570/Month
Year-Over-Year Rent Change
5.3%
TransitScore® Rating
0/100
Units Available
2 Rentals
Western Terrace is an affordable neighborhood in Evansville with an average rent price of $570. Compare this to the city average of $833. In the past year, rent prices have decreased by 5.3%. Western Terrace provides easy access to University of Evansville, Mesker Park Zoo and Botanic Garden, and University of Southern Indiana. It’s a car-dependent neighborhood with a WalkScore® of 4.
Greater Oakhill
Average Rent
$702/Month
TransitScore® Rating
0/100
Units Available
16 Rentals
Greater Oakhill is a well-established neighborhood with tree-lined streets, local parks, and top-rated schools. The suburban feel and proximity to major shopping centers and recreational facilities make it a great place for families. The local Oakhill Park is a popular spot for outdoor activities.
Jacobsville
Average Rent
$750/Month
Year-Over-Year Rent Change
12.3%
TransitScore® Rating
0/100
Units Available
3 Rentals
Jacobsville is a historic neighborhood undergoing revitalization. Offering affordable housing and proximity to downtown Evansville, it's a place where history meets the future. The community-focused atmosphere and nearby parks and schools make it a great place to live. The local Bosse Field, a historic baseball stadium, is a popular attraction.
Culver
Average Rent
$770/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
0/100
Units Available
2 Rentals
If you’re looking for a great, affordable neighborhood in Evansville, Culver might be the perfect place! It has an average rent price of $770, while the city’s average stands at $833. In the last year, prices have increased by 1.3%. Culver is near Eagle Slough Natural Area, University of Evansville, and Vann Pollack Park.
Business 41
Average Rent
$795/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
0/100
Units Available
1 Rentals
Business 41 is a top choice for budget-conscious renters for a variety of reasons. The average rent in Business 41 is $795 while the city average is $833. This is a 0.4% difference from last year. Residents enjoy convenient access to University of Southern Indiana, Evansville Shopping Center, and Wesselman Woods Nature Preserve. The neighborhood is considered car-dependent with a WalkScore® of 37.
Diamond-Stringtown
Average Rent
$795/Month
Year-Over-Year Rent Change
6%
TransitScore® Rating
0/100
Units Available
1 Rentals
When you’re looking for a great Evansville neighborhood on a budget, check out Diamond-Stringtown. The average rent is $795, compared to the city average of $833. Rent prices have increased by 6%. Diamond-Stringtown is convenient to Vann Pollack Park, Howell Wetlands, and University of Southern Indiana. The community is somewhat walkable with a WalkScore® of 54.
North Evansville
Average Rent
$843/Month
Year-Over-Year Rent Change
4.6%
TransitScore® Rating
0/100
Units Available
20 Rentals
North Evansville is a suburban neighborhood known for its spacious homes, local parks, and easy access to shopping and dining. The quiet streets and suburban feel make it a great place to live. The nearby Mesker Park Zoo & Botanic Garden is a popular attraction for families.
Spring Park
Average Rent
$865/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
0/100
Units Available
2 Rentals
Spring Park showcases a charming residential neighborhood with access to local parks, schools, and recreational activities. The quiet streets and proximity to shopping and dining make it a great place to live. The local Spring Park is a popular spot for outdoor activities.
Kathleen-Jeannette
Average Rent
$891/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
0/100
Units Available
24 Rentals
Kathleen-Jeannette showcases a quiet, residential neighborhood with spacious homes and easy access to local parks and schools. The peaceful environment and proximity to shopping and dining make it a great place to live. The local Kathleen Park is a popular spot for outdoor activities.
Hilltop
Average Rent
$922/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
0/100
Units Available
6 Rentals
Hilltop is an affordable neighborhood in Evansville with an average rent price of $922. Compare this to the city average of $833. In the past year, rent prices have increased by 1.8%. Hilltop provides easy access to Evansville Regional, University of Southern Indiana, and Eagle Slough Natural Area. It’s a somewhat walkable neighborhood with a WalkScore® of 55.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.