Woodbridge Place
3550 Woodbridge Dr,
Evansville, IN 47710
1-3 Beds | $900 - $1,450
Rental Market Trends in Evansville, IN
What is the average rent in Evansville, IN?
$833/month
Average Rent
679 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of April 2025, the average rent in Evansville, IN is $833 per month. This is 47% lower than the national average rent of $1,575/month, making renting in Evansville more affordable than most cities in the US. When you rent an apartment in Evansville, you can expect to pay about $747 per month for a studio, $833 for a one-bedroom apartment, and around $1,044 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,306 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Evansville, IN?
In the past year, rent has increased by 2.1%, which averages out to $18 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2025
Legend
2024
2025
Rent Ranges in Evansville, IN
Last Updated April 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
26%
Below $700/month
44%
$700 - $1,000/month
26%
$1,001 - $1,500/month
3%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Evansville?
Based on current rent prices, Western Terrace, Lorraine Park and Ross Center are the most affordable neighborhoods in Evansville.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Evansville?
Based on current rent prices, West Evansville, Downtown Evansville and Blackfords's Grove are the most expensive neighborhoods in Evansville.
Neighborhood
Average Rent
Average Sq Ft
Which Evansville neighborhoods have the most rentals available?
The neighborhoods in Evansville with the most apartments available are East Evansville, Evansville West Side and Downtown Evansville .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Evansville, IN?
Because the average rent in Evansville is $833, you’ll want to make about $2,776 per month or $33,312 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Evansville, IN is 6.3% lower than the national average. Generally, housing in Evansville is 25.8% less expensive than the national average, with rent falling between $747 - $1,306. You can expect to pay 5.8% less for groceries, 8.9% more for utilities, and 5.4% less for transportation.
How does Evansville, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Evansville, IN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$579/month
-
Two Bedroom
$750/month
-
Three Bedroom
$1,400/month
-
Nearby City Rent Trends
Apartment communities in Evansville we think you'll love
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Monarch Investment and Management Group
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307
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32
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3,339
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PMR Companies
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48
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StoneCreek
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56
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Alexander Forrest Investments, LLC
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65
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7,118
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45
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2 Communities in Evansville
BAM Companies
-
24
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5,627
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20
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2 Communities in Evansville
JG2 Company LLC
-
24
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2,900
Units
-
15
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Edward Rose & Sons
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141
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70,987
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.