Evansville vs Lexington-Fayette
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Evansville is 32% cheaper for renters. A 2-bedroom rents for $694/mo vs $913/mo in Lexington-Fayette — saving $2,628/year.
Rent by Unit Size
| Unit Size | Evansville | Lexington-Fayette | Difference |
|---|---|---|---|
| Studio | $442 | $595 | $153 |
| 1 Bedroom | $564 | $719 | $155 |
| 2 Bedrooms | $694 | $913 | $219 |
| 3 Bedrooms | $844 | $1,047 | $203 |
| 4 Bedrooms | $981 | $1,300 | $319 |
| Median Income | $35,376 | $47,838 | $12,462 |
Evansville
- Studio
- $442/mo
- 1 BR
- $564/mo
- 2 BR
- $694/mo
- 3 BR
- $844/mo
- 4 BR
- $981/mo
- Median Income
- $35,376/yr
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/yr
Frequently Asked Questions
Is Evansville or Lexington-Fayette cheaper to rent in?
Evansville is cheaper — a 2-bedroom Fair Market Rent is $694/mo vs $913/mo in Lexington-Fayette. That's $219/mo or $2,628/year more expensive in Lexington-Fayette (32% higher).
What is the 2-bedroom rent in Evansville vs Lexington-Fayette?
The HUD Fair Market Rent for a 2-bedroom in Evansville is $694/month. In Lexington-Fayette, a 2-bedroom FMR is $913/month.
How do incomes compare between Evansville and Lexington-Fayette?
The median household income in Evansville is $35,376/year. In Lexington-Fayette it is $47,838/year. Lexington-Fayette has the higher median income.
What is the studio rent in Evansville vs Lexington-Fayette?
A studio apartment Fair Market Rent in Evansville is $442/mo. In Lexington-Fayette it is $595/mo.