Most Affordable Neighborhoods in Evansville, IN

Some of the cheapest neighborhoods in Evansville are Greater Oakhill, Lorraine Park, and Presidents. These neighborhoods offer some of the lowest rent prices in Evansville, making them ideal for renters on a budget. As of April 24, 2025, the average rent in Evansville is $848, which is 3.7% 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.

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.

Lorraine Park

Average Rent

$748/Month

Year-Over-Year Rent Change

1.4%

TransitScore® Rating

0/100

Units Available

2 Rentals

When you’re looking for a great Evansville neighborhood on a budget, check out Lorraine Park. The average rent is $748, compared to the city average of $848. Rent prices have increased by 1.4%. Lorraine Park is convenient to Eagle Slough Natural Area, Wesselman Woods Nature Preserve, and Evansville Regional. The community is somewhat walkable with a WalkScore® of 61.

Presidents

Average Rent

$762/Month

TransitScore® Rating

0/100

Units Available

2 Rentals

Presidents is an affordable neighborhood in Evansville with an average rent price of $762. Compare this to the city average of $848. Presidents provides easy access to University of Evansville, Wesselman Woods Nature Preserve, and Oakland City University. It’s a somewhat walkable neighborhood with a WalkScore® of 61.

Culver

Average Rent

$770/Month

Year-Over-Year Rent Change

1.6%

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 $848. In the last year, prices have increased by 1.6%. Culver is near Koch Family Children's Museum, Evansville Regional, and Oakland City University.

Jacobsville

Average Rent

$783/Month

Year-Over-Year Rent Change

12.2%

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.

North Evansville

Average Rent

$851/Month

Year-Over-Year Rent Change

5.9%

TransitScore® Rating

0/100

Units Available

18 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.

Kathleen-Jeannette

Average Rent

$886/Month

Year-Over-Year Rent Change

0.7%

TransitScore® Rating

0/100

Units Available

22 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.

Diamond-Stringtown

Average Rent

$925/Month

Year-Over-Year Rent Change

3.7%

TransitScore® Rating

0/100

Units Available

1 Rentals

Diamond-Stringtown is a top choice for budget-conscious renters for a variety of reasons. The average rent in Diamond-Stringtown is $925 while the city average is $848. This is a 3.7% difference from last year. Residents enjoy convenient access to Oakland City University, Wesselman Woods Nature Preserve, and Mesker Park Zoo and Botanic Garden. The neighborhood is considered somewhat walkable with a WalkScore® of 54.

Wheeler

Average Rent

$938/Month

Year-Over-Year Rent Change

0.9%

TransitScore® Rating

0/100

Units Available

4 Rentals

When you’re looking for a great Evansville neighborhood on a budget, check out Wheeler. The average rent is $938, compared to the city average of $848. Rent prices have increased by 0.9%. Wheeler is convenient to University of Southern Indiana, Koch Family Children's Museum, and Howell Wetlands. The community is somewhat walkable with a WalkScore® of 63.

Eastview

Average Rent

$940/Month

TransitScore® Rating

0/100

Units Available

5 Rentals

Eastview is a peaceful neighborhood with spacious homes and access to local parks and schools. The nearby shopping centers make it a convenient location. The local Eastview Park is a popular spot for outdoor activities and community events.

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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.