How much does it cost to rent in Evansville, IN?

As of July 2026, the median monthly rent in Evansville, IN is $1,038. This figure is based on aggregated data from public sources and community-submitted rents.

Is Evansville cheaper than other Indiana cities?

Evansville is among the more affordable cities in Indiana, ranking #54 out of 65 cities at $1,038/mo.

When was Evansville rent data last updated?

Evansville rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IN

Evansville

Name: Average Rent Prices in Evansville, IN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 116,116·54th most expensive in Indiana·Evansville rents are up 8.2% over the past year

Median rent (all units)

$1,038/mo

Year-over-Year

+8.2%

Month-over-Month

+0.6%

vs US Median

-$927

Rising (Monthly)

Be the first to discuss Evansville rents ↓

Most AffordableMost Expensive

Evansville · $1,038

More affordable than 97% of US cities · National median $1,965/mo

Rent Reality Score

39/100

Overpriced

OverheatedFairGreat value

Rents are 5% above what Evansville's 10-year trend predicts — running hotter than its own history.

Actual rent

$1,038/mo

Expected by trend

$984/mo

The Rent Reality Score compares today's median rent to where Evansville's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$792

1 BR

$835

2 BR

$1,068

3 BR

$1,322

4 BR+

$1,498

Research median

$1,068/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$12,456/yr

At $1,038/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 8.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+8.2% YoY, +0.6% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

116,116

Median income

$53,387

Median age

38.2

Renters

45.4%

Age distribution

21.3%

24.2%

23.9%

12.9%

17.6%

Under 1821.3%

18–3424.2%

35–5423.9%

55–6412.9%

65+17.6%

Gender

49%

51%

Male49%

Female51%

Race & ethnicity

76.8%

White76.8%

Black11.8%

Hispanic4%

Asian1%

Other6.3%

Education (25+)

33.8%

32.9%

22.8%

No HS diploma10.6%

HS diploma33.8%

Some college32.9%

Bachelor's+22.8%

Housing tenure

54.6%

45.4%

Owner54.6%

Renter45.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Evansville, IN has changed in 5 years

Rent

$704 → $1,038

up 47.4%

Income

$45,649 → $53,387

up 17.0%

Population

117,184 → 116,116

down 0.9%

Renter share

45.1% → 45.4%

+0.3 pts

Bachelor's+

22.1% → 22.8%

+0.7 pts

Since 2021, the typical rent in Evansville, IN has increased from $704 to $1,038, a 47.4% 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.

Community

Discussions about Evansville

No discussions yet. Start the conversation.

View Evansville rent history (2015–2026) →

Salary vs rent

Can you afford rent in Evansville on your salary?

At $1,038/mo, how Evansville rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 14.3% income

very comfortable

Elementary School Teacher

Avg $61,714/yr · Rent = 20.2% income

affordable

Police Officer

Avg $71,088/yr · Rent = 17.5% income

very comfortable

Software Developer

Avg $127,061/yr · Rent = 9.8% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 7.7% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 21.6% income

affordable

Truck Driver

Avg $52,173/yr · Rent = 23.9% income

affordable

Electrician

Avg $64,308/yr · Rent = 19.4% income

very comfortable

By apartment size

Evansville rent by bedroom count

Median rent for each apartment size in Evansville. Click any size for full breakdown.

Local insights

Tips for renters in Evansville

About renting in Evansville, IN

Last updated: July 20, 2026

The median rent in Evansville is $1,038/mo as of July 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 23% of local median household income ($53,387/yr), Evansville ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.2% over the past year.

FAQ

Frequently asked questions

Is Evansville an affordable city for renters?

Evansville is considered very affordable for renters. At $1,038/mo, rent takes approximately 23% of the local median household income ($53,387/yr). The standard benchmark is 30%. Evansville falls comfortably within that range.

How much income do you need to rent in Evansville?

To keep rent at or below 30% of gross income, you would need to earn at least $42,000/year (~$20/hour full-time) to afford the median rent of $1,038/mo in Evansville. The local median household income is $53,387/yr, meaning the typical Evansville household meets that threshold.

Is rent going up or down in Evansville?

Rent in Evansville has increased 8.2% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Evansville neighborhoods have the lowest rent?

The most affordable ZIP codes in Evansville are 47710 ($842/mo), 47711 ($913/mo), and 47713 ($982/mo). Citywide, the median rent in Evansville is $1,038/mo.

How does Evansville rent compare to other cities in Indiana?

Evansville is one of the more affordable cities in Indiana for rent, ranking #54 out of 65 tracked cities at $1,038/mo.

Which nearby cities are cheaper to rent in than Evansville?

Several nearby cities have lower median rents than Evansville ($1,038/mo): Russellville ($890/mo), Hopkinsville ($997/mo).

What percentage of Evansville residents rent vs. own?

According to Census data, approximately 45.4% of Evansville households are renters, while 54.6% are owner-occupied. Evansville leans toward homeownership, which can mean a smaller rental inventory.

How does Evansville rent compare to the national average?

Evansville's median rent of $1,038/mo is $927 (47%) below the US national median of $1,965/mo. Within Indiana, it ranks #54 out of 65 tracked cities.

Income Affordability

23%

VERY AFFORDABLE

At $1,038/mo, rent takes ~23% of Evansville's median household income ($53,387/yr). The standard benchmark is 30%.

Evansville 23%Benchmark 30%

State income tax3.05%

Run the Evansville affordability calculator →

Nearby cities