Homes & Apartments for Rent in Evansville, IN 47715

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What to Know About

Living in 47715

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

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As of October 2026, Evansville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Evansville's average rent is 25.9% ($329) lower than the Indiana average of $1,270 and 48.3% ($878) lower than the U.S. average of $1,819.

Average Rent
$941
Monthly ChangeMonth Over Month Change
Decreased0.2% ($2)
Yearly ChangeYear Over Year Change
Decreased11.4% ($121)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $837 Increased2.7% ($22) Decreased13% ($125)
2 Beds $964 Increased1% ($10) Decreased16.4% ($189)
3 Beds $1,195 Decreased7.5% ($97) Decreased20.2% ($302)
Nearby Cities Average Rent Avg. Rent vs. EvansvilleAverage Rent vs. Evansville Avg. Days on MarketAverage Days on Market
Newburgh $1,131 Increased20.2% ($190) 33 days
Henderson $714 Decreased24.1% ($227) 33 days
Boonville $691 Decreased26.6% ($250) 30 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Evansville Rental Market FAQs

Explore rental prices, market conditions, and affordability in Evansville, IN.

The average rent in Evansville, IN is $941 per month.
In Evansville, the average rent for a 1-bedroom home is $837 per month, for a 2-bedroom home, $964 per month, and a 3-bedroom home is $1,195 per month.
The average rent in Evansville is 48.3% ($878) lower than the national average of $1,819 per month.
The rental market in Evansville, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
Based on the current averages, a household would need an annual income of $38,560 to comfortably afford a 2-bedroom home in Evansville.
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