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

Rental Market Trends in New Albany, IN

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in New Albany, IN is $1,247 per month, which is 36% lower than the national average rent of $1,948 per month.

AVERAGE RENT

$1,247

13.4%$147 increase month-over-month

8.4%$97 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,033

HOUSES

$1,600

TOWNHOUSES

$1,400

As of September 2026, apartments are the most affordable rental option in New Albany, IN at $1,033 per month, while houses are the most expensive at $1,600 per month. Townhomes average $1,400 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$885
2 Bedrooms	$1,195
3 Bedrooms	$1,501
4 Bedrooms	$1,900
All	$1,247

As of September 2026, the average rent for a 1 bedroom rental in New Albany, IN is $885 per month, followed by $1,195 for a 2 bedroom rental, $1,501 for a 3 bedroom rental, and $1,900 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,400
3 Bedrooms	$1,575
4 Bedrooms	—
All	$1,400

As of September 2026, the average rent for a 2 bedroom townhome in New Albany, IN is $1,400 per month, followed by $1,575 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$750
2 Bedrooms	$1,200
3 Bedrooms	$1,144
4 Bedrooms	—
All	$1,050

As of September 2026, the average rent for a 1 bedroom apartment in New Albany, IN is $750 per month, followed by $1,200 for a 2 bedroom apartment, and $1,144 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,190
2 Bedrooms	$1,300
3 Bedrooms	$1,650
4 Bedrooms	$1,900
All	$1,600

As of September 2026, the average rent for a 1 bedroom house in New Albany, IN is $1,190 per month, followed by $1,300 for a 2 bedroom house, $1,650 for a 3 bedroom house, and $1,900 for a 4 bedroom house.