Rents are right about where Evansville's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,058 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Evansville usually run 0.7% below trend in February and 0.6% above it in August, about $14 a month apart at today's median. Based on 11 years of data.
Rent in Evansville is 0.2% below its high of $1,060 in July 2026, at $1,058 as of September 2026.
Rent in Evansville changed +3.0% over the year to September 2026. Across the 49 Indiana cities Zillow tracks, the typical change was +4.5%.
From 2019 to 2024, rent in Evansville rose 40.5% while median household income rose 32.9% ($40,178 to $53,387). Rent outpaced income.
Rent in Evansville is 48.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 8 of the last 12 months.
30% of the median household income ($53,387) is $1,335 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,322); a 4-bedroom is $1,498.
The priciest of 6 ZIP codes in Evansville, 47715 ($1,198/mo), costs 44% more than the cheapest, 47710 ($830/mo).
From Zillow's monthly rent index (ZORI) for Evansville. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Evansville, IN is roughly split between renters and owners, has a median income below the national average, 22.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Evansville, IN has changed in 5 years
Since 2021, the typical rent in Evansville, IN has increased from $745 to $1,058, a 42.0% change over five years. Median household income rose from $45,649 to $53,387 between 2021 and 2024, a 17.0% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Taken together, the five-year picture in Evansville, IN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Evansville on your salary?
At $1,058/mo, how Evansville rent compares to typical pay (30% rule).
Evansville rent by bedroom count
Median rent for each apartment size in Evansville. Click any size for full breakdown.
Tips for renters in Evansville
Last updated: October 17, 2026
The median rent in Evansville is $1,058/mo as of October 2026. A studio apartment averages $792/mo while a 2-bedroom runs $1,068/mo. One-bedroom apartments average $835/mo and 3-bedroom units go for $1,322/mo.
At 24% of local median household income ($53,387/yr), Evansville ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Evansville?
At $1,058/mo, rent takes ~24% of Evansville's median household income ($53,387/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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