Low Income Apartments and Affordable Housing For Rent in Evansville, IN

Discover affordable housing in Evansville where there are 47+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Eastland Apartments

5308 Eden Drive, Evansville, Indiana 47715

Carriage House of Evansville

5300 Carriage Drive, Evansville, Indiana 47715

Dalehaven Estates Apartments

3700 Justus Ct, Evansville, Indiana 47714

Evansville Townhomes I & II

420 S.E. 10th Street, Evansville, Indiana 46201

Kennedy Towers

315 S.E Martin Luther King Jr. Blvd, Evansville, Indiana 47713

Memorial Lofts

535 Lincoln Ave & 1050 Bayard Park Dr, Evansville, Indiana 47713

Central Lofts

203 NW 5th St. Evansville, IN , Evansville, Indiana 47708

Arbors at Eastland

6649 Old Boonville Hwy, Evansville, Indiana 47715

Horizon Homes

1450 Luther Sq, Evansville, Indiana 47714

Grandview Towers

1000 Fulton Pkwy, Evansville, Indiana 47710

Buena Vista Apartments

1210 Vista Ct, Evansville, Indiana 47710

Crossings I

2451 Waterbridge Way, Evansville, Indiana 47710

Liberty Terrace Apartments

725 Liberty Way, Evansville, Indiana 47713

Grand Oak Community

5010 Cass Ave, Evansville, Indiana 47715

Paradise Estates

252 E Mulberry St, Evansville, Indiana 47713

Parkside Terrace Senior World

2305 S Rotherwood Ave, Evansville, Indiana 47714

White Oak Manor

509 N. St. Joseph Ave, Evansville, Indiana 47712

Schnute Apartments

1030 W Franklin St, Evansville, Indiana 47710

Buckner Towers

717 Cherry St, Evansville, Indiana 47713

Scattered Sites

1111 Cherry St, Evansville, Indiana 47713

calendar_today Opened: Jan 15
Open Until Further Notice

Reported On January 15th, 2024 by Nathan Brunet

calendar_today Opened: Mar 26
calendar_today Closes: Mar 28,

Reported On March 26th, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Evansville, Indiana
$20.27/hour
$13.02 (+180%) more than Indiana minimum wage and $13.02 (+180%) more than the Federal minimum wage.
Learn More About Evansville, Indiana Affordable Housing ↓

What HUD offices serve Evansville, Indiana?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Evansville, Indiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Evansville, Indiana.

Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Evansville.

How many renters live in Evansville, Indiana?

The City of Evansville has 118,521 people living in 54,185 households.

There are 47,415 renters living in 23,484 renter households in this City. Renters make up 40.01 percent of the population living in Evansville.

What is the rental market like in Evansville, Indiana?

There are an estimated 58,492 housing units in the Evansville area. Of these, 25,899 units are rental homes, making up 44 percent of the housing market. For every renter household in Evansville, Indiana, there are 1 rental units.

What is the vacancy rate for rentals in Evansville?

The rental vacancy rate in Evansville is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Evansville for each bedroom size?

Occupied Rental Units by Size in Evansville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2,077 7,160 9,293 3,950 874
Occupied Rental Units by Size in Evansville

A large number of apartments in Evansville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Evansville are overburdened by housing costs?

Among renter households in this market, 49 percent have housing cost burden. Further, 27 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Evansville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,558. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $766
One BR $850
Two BR $1,070
Three BR $1,360
Four BR $1,558
2024 Fair Market Rents in Evansville, Indiana

How many units are rented at Fair Market Rent (FMR) in Evansville?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 1,281 62 percent
One BR 4,581 64 percent
Two BR 5,744 62 percent
Rental Units Below FMR in Evansville, Indiana

How many affordable rental units are in Evansville?

There are a variety of federal affordable housing programs serving households in Evansville, Indiana including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 2,215
Section 8 Project-Based Rental Assistance 1,076
Section 202 Supportive Housing for the Elderly 9
Tracked Units by Federal Program in Evansville, Indiana

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Evansville, Indiana

Evansville features 2,086 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Evansville, Indiana

There are 1,278 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Evansville.

Housing Choice Vouchers in Evansville, Indiana

On average, Section 8 Housing Choice vouchers pay Evansville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Evansville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Evansville, Indiana for a two-bedroom apartment is between $963 and $1,177.

Sourced from federal housing data and AffordableHousingOnline.com research.