Average Rent in Evansville, IN

Evansville rentals average $625 for a studio rental to $1,255 for a 4-bedroom rental. The median price of all currently available listings is $925, or roughly $1 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $1,206 (-65.87%) year-over-year from $1,831 to $625. 1-bedroom rentals prices have increased by $821 (120.86%) year-over-year from $679 to $1,500. 2-bedroom rentals prices have decreased by $96 (-10.55%) year-over-year from $908 to $813. 3-bedroom rentals prices have increased by $18 (1.48%) year-over-year from $1,183 to $1,200. 4-bedroom rentals prices have increased by $142 (9.88%) year-over-year from $1,433 to $1,575. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 16.85% this month. 1-bedroom rents have gone up by 51.39% this month. 2-bedroom rents have gone down by 9.72% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone up by 2.16% this month.