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 January 1, 2026, the average rent in Evansville is $859, which is 1.9% 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
$654/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.
Valley Downs
Average Rent
$654/Month
Units Available
16 Rentals
Valley Downs is a top choice for budget-conscious renters for a variety of reasons. The average rent in Valley Downs is $654 while the city average is $859. Residents enjoy convenient access to Green River Commons, Lakeside Commons, and The Parke.
Village at Timber Park
Average Rent
$654/Month
Units Available
16 Rentals
When you’re looking for a great Evansville neighborhood on a budget, check out Village at Timber Park. The average rent is $654, compared to the city average of $859. Village at Timber Park is convenient to University of Southern Indiana, Evansville Regional, and Lakeside Commons.
Hoosier-Cullen
Average Rent
$811/Month
TransitScore® Rating
0/100
Units Available
16 Rentals
Hoosier-Cullen is an affordable neighborhood in Evansville with an average rent price of $811. Compare this to the city average of $859. Hoosier-Cullen provides easy access to Washington Square Mall, Wesselman Woods Nature Preserve, and Howell Wetlands. It’s a somewhat walkable neighborhood with a WalkScore® of 62.
North Evansville
Average Rent
$839/Month
Year-Over-Year Rent Change
1.9%
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.
Jacobsville
Average Rent
$887/Month
Year-Over-Year Rent Change
14%
TransitScore® Rating
0/100
Units Available
10 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.
Great Lakes Drive
Average Rent
$913/Month
TransitScore® Rating
0/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Evansville, Great Lakes Drive might be the perfect place! It has an average rent price of $913, while the city’s average stands at $859. Great Lakes Drive is near Vann Pollack Park, The Parke, and Wesselman Woods Nature Preserve.
East Evansville
Average Rent
$936/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
0/100
Units Available
180 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.
Kathleen-Jeannette
Average Rent
$958/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
0/100
Units Available
27 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.
Lakeside Terrace Estates
Average Rent
$967/Month
Units Available
11 Rentals
Lakeside Terrace Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lakeside Terrace Estates is $967 while the city average is $859. Residents enjoy convenient access to Angel Mounds, East Lloyd Commons, and Lloyd Crossing Shopping Center.
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.