Evansville is a charming city located in the southwest corner of Indiana that seamlessly fuses city living with the warm familiarity of a small town. With a rich and diverse cultural history, the city has multiple historical sites such as the Reitz Home Museum, the Mesker Park Zoo & Botanic Garden, and the Evansville Museum of Arts, History & Science. In addition, the city boasts several highly regarded educational institutions, including the University of Evansville, Ivy Tech Community College, and the University of Southern Indiana.

Outdoor enthusiasts will find plenty of activities to keep them busy in Evansville, with attractions such as the Wesselman Woods Nature Preserve, the Pigeon Creek Greenway Passage, and the Evansville Riverwalk. Additionally, Evansville showcases its lively atmosphere and friendly community through events like the West Side Nut Club Fall Festival, one of the largest street festivals in the country, and the Evansville HydroFest, held through all seasons of the year.

With its strong community spirit, affordable cost of living, and cultural and recreational opportunities, Evansville is a great place to call home.

Rental Market Trends

Evansville, IN

As of July 2025, Evansville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Evansville's average rent is 18.6% ($235) lower than the Indiana average of $1,263 and 42.1% ($747) lower than the U.S. average of $1,775.

Average Rent

$1,028

Monthly ChangeMonth Over Month Change

0.2% ($2)

Yearly ChangeYear Over Year Change

1.2% ($13)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$939	3.4% ($33)	9.2% ($79)
2 Beds	$1,119	3.9% ($46)	2.7% ($29)
3 Beds	$1,358	9.9% ($150)	1.6% ($21)

Nearby Cities	Average Rent	Avg. Rent vs. EvansvilleAverage Rent vs. Evansville	Avg. Days on MarketAverage Days on Market
Newburgh	$1,244	21% ($216)	30 days
Henderson	$782	23.9% ($246)	31 days
Fort Branch	$1,097	6.7% ($69)	32 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Evansville Rental Market FAQs

Explore rental prices, market trends, and availability in Evansville, IN.

What is the average rent in Evansville, IN?

The average rent in Evansville, IN is $1,028 per month.

What is the rental price range for homes in Evansville, IN?

Homes in Evansville typically rent for between $657 and $1,765 per month, with an average of $1,028 per month.

What is the average rent for different bedroom sizes in Evansville, IN?

In Evansville, the average rent for a 1-bedroom home is $939 per month, for a 2-bedroom home, $1,119 per month, and a 3-bedroom home is $1,358 per month.

How do rent prices in Evansville, IN compare with the national average?

The average rent in Evansville is 42.1% ($747) lower than the national average of $1,775 per month.

How have rent prices in Evansville, IN changed recently?

The average rent in Evansville has decreased by 0.2% ($2) in the last month and decreased by 1.2% ($13) over the past year.

How competitive is the rental market in Evansville, IN?

The rental market in Evansville, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Evansville, IN?

In Evansville, IN, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Evansville, IN?

There are currently 111 rental properties available in Evansville, IN.

Can I afford to rent a home in Evansville, IN?

Based on the current averages, a household would need an annual income of $44,760 to comfortably afford a 2-bedroom home in Evansville.