Evansville vs Lincoln
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Evansville is 20% cheaper for renters. A 2-bedroom rents for $694/mo vs $835/mo in Lincoln — saving $1,692/year.
Rent by Unit Size
| Unit Size | Evansville | Lincoln | Difference |
|---|---|---|---|
| Studio | $442 | $561 | $119 |
| 1 Bedroom | $564 | $685 | $121 |
| 2 Bedrooms | $694 | $835 | $141 |
| 3 Bedrooms | $844 | $1,007 | $163 |
| 4 Bedrooms | $981 | $1,216 | $235 |
| Median Income | $35,376 | $40,210 | $4,834 |
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
Lincoln
- Studio
- $561/mo
- 1 BR
- $685/mo
- 2 BR
- $835/mo
- 3 BR
- $1,007/mo
- 4 BR
- $1,216/mo
- Median Income
- $40,210/yr
Frequently Asked Questions
Is Evansville or Lincoln cheaper to rent in?
Evansville is cheaper — a 2-bedroom Fair Market Rent is $694/mo vs $835/mo in Lincoln. That's $141/mo or $1,692/year more expensive in Lincoln (20% higher).
What is the 2-bedroom rent in Evansville vs Lincoln?
The HUD Fair Market Rent for a 2-bedroom in Evansville is $694/month. In Lincoln, a 2-bedroom FMR is $835/month.
How do incomes compare between Evansville and Lincoln?
The median household income in Evansville is $35,376/year. In Lincoln it is $40,210/year. Lincoln has the higher median income.
What is the studio rent in Evansville vs Lincoln?
A studio apartment Fair Market Rent in Evansville is $442/mo. In Lincoln it is $561/mo.