Best Affordable Neighborhoods in Evansville, IN
Some of the cheapest neighborhoods in Evansville are Greater Oakhill, Valley Downs, and Village at Timber Park. These neighborhoods offer some of the lowest rent prices in Evansville, making them ideal for renters on a budget. As of November 17, 2025, the average rent in Evansville is $853, which is 1.2% 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
$613/Month
TransitScore® Rating
0/100
Units Available
15 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.
Valley Downs
Average Rent
$613/Month
Units Available
15 Rentals
When you’re looking for a great Evansville neighborhood on a budget, check out Valley Downs. The average rent is $613, compared to the city average of $853. Valley Downs is convenient to University of Southern Indiana, Angel Mounds, and Wesselman Woods Nature Preserve.
Village at Timber Park
Average Rent
$613/Month
Units Available
15 Rentals
Village at Timber Park is an affordable neighborhood in Evansville with an average rent price of $613. Compare this to the city average of $853. Village at Timber Park provides easy access to University of Southern Indiana, Koch Family Children's Museum, and The Parke.
Hoosier-Cullen
Average Rent
$779/Month
TransitScore® Rating
0/100
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Evansville, Hoosier-Cullen might be the perfect place! It has an average rent price of $779, while the city’s average stands at $853. Hoosier-Cullen is near Angel Mounds, University of Evansville, and Wesselman Woods Nature Preserve.
North Evansville
Average Rent
$816/Month
Year-Over-Year Rent Change
3.3%
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.
Great Lakes Drive
Average Rent
$868/Month
TransitScore® Rating
0/100
Units Available
12 Rentals
Great Lakes Drive is a top choice for budget-conscious renters for a variety of reasons. The average rent in Great Lakes Drive is $868 while the city average is $853. Residents enjoy convenient access to The Parke, Lakeside Commons, and Angel Mounds. The neighborhood is considered car-dependent with a WalkScore® of 49.
Kathleen-Jeannette
Average Rent
$911/Month
Year-Over-Year Rent Change
5.7%
TransitScore® Rating
0/100
Units Available
25 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.
East Evansville
Average Rent
$925/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
0/100
Units Available
181 Rentals
East Evansville is a neighborhood that offers a mix of residential homes and local businesses. Easy access to shopping, dining, and entertainment makes it a convenient location. The proximity to schools and parks, along with attractions like the Evansville Museum of Arts, History & Science, make it a great place to live.
Lakeside Terrace Estates
Average Rent
$941/Month
Units Available
14 Rentals
When you’re looking for a great Evansville neighborhood on a budget, check out Lakeside Terrace Estates. The average rent is $941, compared to the city average of $853. Lakeside Terrace Estates is convenient to Angel Mounds, Vann Pollack Park, and Evansville Pavilion.
Wheeler
Average Rent
$952/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
0/100
Units Available
10 Rentals
Wheeler is an affordable neighborhood in Evansville with an average rent price of $952. Compare this to the city average of $853. In the past year, rent prices have increased by 3.5%. Wheeler provides easy access to Eagle Slough Natural Area, Old Post Office And Retail Village, and Evansville Regional. It’s a somewhat walkable neighborhood with a WalkScore® of 63.
Ready to make your move to Evansville? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.