Average Rent in Evansville, IN (2026)

Typical asking rent in Evansville is $1,072. Across the 7 ZIP codes with data it runs from $811 to $1,542, so which side of town you buy on matters as much as the city average. Data as of July 2026.

Median rent
$1,072
Average rent
$1,102
Lowest ZIP
$811
Highest ZIP
$1,542

Rent by ZIP code in Evansville

ZIP codeCountyTypical rentvs city median
47708Vanderburgh County$1,542+44%
47715Vanderburgh County$1,216+13%
47712Vanderburgh County$1,114+4%
47714Vanderburgh County$1,0720%
47713Vanderburgh County$1,016-5%
47711Vanderburgh County$942-12%
47710Vanderburgh County$811-24%

Rent by bedroom count in Evansville

Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Vanderburgh County. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for.

Unit sizeFY2027 Fair Market RentChange from FY2026
Studio$866+1.5%
1 bedroom$872+1.4%
2 bedroom$1,127+1.3%
3 bedroom$1,387+1.2%
4 bedroom$1,534-0.3%

Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.

Is rent going up or down in Evansville?

Typical rent across Vanderburgh County is $1,071 as of August 2026. That is up 2.5% from a year earlier and up 33.5% over five years.

YearTypical rent, Vanderburgh CountyChange
2021$822+10.2%
2022$872+6.1%
2023$940+7.8%
2024$998+6.2%
2025$1,064+6.6%
2026 (through August)$1,071+0.7%

Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.

Evansville rent questions

What is the average rent in Evansville, IN?
Typical asking rent in Evansville is $1,072 a month as of July 2026, across 7 ZIP codes. By ZIP code it runs from $811 to $1,542.
How much is rent for a 2 bedroom in Evansville?
HUD's FY2027 Fair Market Rent for a two bedroom in Vanderburgh County is $1,127 a month including utilities. A one bedroom is $872 and a three bedroom is $1,387. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
Is rent going up or down in Evansville?
Rent is rising. Typical rent in Vanderburgh County is $1,071 as of August 2026, up 2.5% from a year earlier.
What is the cheapest ZIP code to rent in Evansville?
ZIP 47710 has the lowest typical asking rent in Evansville at $811 a month, compared with $1,072 for the city overall.
How much income do you need to rent in Evansville?
Most landlords look for gross income of about three times the rent. At the typical Evansville rent of $1,072, that is about $3,216 a month, or $38,592 a year. This is a common screening rule of thumb, and individual landlords set their own.

How to use these numbers

These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.

If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Evansville sits in the Evansville, IN-KY metro area.

Other Indiana cities

Would a rental in Evansville cash flow?

Start the analyzer with the Evansville median rent of $1,072 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.