What's the average rent in New Albany, IN?

Rental Market Trends in New Albany, IN

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in New Albany, IN is $1,178 per month, which is 40% lower than the national average rent of $1,951 per month.

AVERAGE RENT

$1,178

-1.7%-$21 decrease month-over-month

-1.4%-$17 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$984

HOUSES

$1,495

TOWNHOUSES

$1,395

As of June 2026, apartments are the most affordable rental option in New Albany, IN at $984 per month, while houses are the most expensive at $1,495 per month. Townhomes average $1,395 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$850
2 Bedrooms	$1,195
3 Bedrooms	$1,495
4 Bedrooms	$1,900
All	$1,178

As of June 2026, the average rent for a 1 bedroom rental in New Albany, IN is $850 per month, followed by $1,195 for a 2 bedroom rental, $1,495 for a 3 bedroom rental, and $1,900 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,139
3 Bedrooms	$1,400
4 Bedrooms	—
All	$1,395

As of June 2026, the average rent for a 2 bedroom townhome in New Albany, IN is $1,139 per month, followed by $1,400 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$825
2 Bedrooms	$1,195
3 Bedrooms	$1,350
4 Bedrooms	—
All	$900

As of June 2026, the average rent for a 1 bedroom apartment in New Albany, IN is $825 per month, followed by $1,195 for a 2 bedroom apartment, and $1,350 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$950
2 Bedrooms	$1,200
3 Bedrooms	$1,500
4 Bedrooms	$1,900
All	$1,495

As of June 2026, the average rent for a 1 bedroom house in New Albany, IN is $950 per month, followed by $1,200 for a 2 bedroom house, $1,500 for a 3 bedroom house, and $1,900 for a 4 bedroom house.