Most 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 September 30, 2025, the average rent in Evansville is $858, which is 2.8% 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
$703/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
$703/Month
Units Available
15 Rentals
Valley Downs is a top choice for budget-conscious renters for a variety of reasons. The average rent in Valley Downs is $703 while the city average is $858. Residents enjoy convenient access to The Parke, Oakland City University, and Angel Mounds.
Village at Timber Park
Average Rent
$703/Month
Units Available
15 Rentals
When you’re looking for a great Evansville neighborhood on a budget, check out Village at Timber Park. The average rent is $703, compared to the city average of $858. Village at Timber Park is convenient to Evansville Regional, Lakeside Commons, and Koch Family Children's Museum.
Hoosier-Cullen
Average Rent
$839/Month
TransitScore® Rating
0/100
Units Available
17 Rentals
Hoosier-Cullen is an affordable neighborhood in Evansville with an average rent price of $839. Compare this to the city average of $858. Hoosier-Cullen provides easy access to Washington Square Mall, Howell Wetlands, and 111 South. It’s a somewhat walkable neighborhood with a WalkScore® of 62.
North Evansville
Average Rent
$851/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
0/100
Units Available
19 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.
Lynn View
Average Rent
$870/Month
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Evansville, Lynn View might be the perfect place! It has an average rent price of $870, while the city’s average stands at $858. Lynn View is near Vann Pollack Park, Oakland City University, and Washington Square Mall.
Idlewild
Average Rent
$889/Month
TransitScore® Rating
0/100
Units Available
11 Rentals
Idlewild is a top choice for budget-conscious renters for a variety of reasons. The average rent in Idlewild is $889 while the city average is $858. Residents enjoy convenient access to Target North, University of Southern Indiana, and Oakland City University. The neighborhood is considered somewhat walkable with a WalkScore® of 60.
Kathleen-Jeannette
Average Rent
$903/Month
Year-Over-Year Rent Change
8.2%
TransitScore® Rating
0/100
Units Available
28 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.
Great Lakes Drive
Average Rent
$920/Month
TransitScore® Rating
0/100
Units Available
25 Rentals
When you’re looking for a great Evansville neighborhood on a budget, check out Great Lakes Drive. The average rent is $920, compared to the city average of $858. Great Lakes Drive is convenient to Green River Commons, Howell Wetlands, and University of Evansville. The community is car-dependent with a WalkScore® of 49.
Lakeside Terrace Estates
Average Rent
$926/Month
Units Available
31 Rentals
Lakeside Terrace Estates is an affordable neighborhood in Evansville with an average rent price of $926. Compare this to the city average of $858. Lakeside Terrace Estates provides easy access to Eagle Slough Natural Area, Lloyd Crossing Shopping Center, and Evansville Pavilion.
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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.