Rents are 9% above what Evansville's 10-year trend predicts — running hotter than its own history.
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 $1,076 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: August 17, 2026
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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 $704 to $1,076, a 52.8% 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 $1,076/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: August 17, 2026
The median rent in Evansville is $1,076/mo as of August 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 11.6% over the past year.
Frequently asked questions
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What percentage of Evansville residents rent vs. own?
How does Evansville rent compare to the national average?
At $1,076/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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