Cheap Apartments for Rent in 47150
83 rentals
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Use arrow keys to navigatePET FRIENDLY$745 - $950/mo
Studio-2 Beds
1 BathMaple Grove Apartments | 1612 Dewey St #463519,
New Albany, IN 47150
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Use arrow keys to navigateNEW - 2 HRS AGOPET FRIENDLY$775 - $950/mo1-2 Beds1 BathLocust Grove Apartments | 2741 Charlestown Rd #463564,
New Albany, IN 47150
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NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$844 - $1,195/moStudio-3 Beds1-2 BathsHUB of New Albany Apartments | 4100 Prestwick Sq #4067,
New Albany, IN 47150
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SPECIAL OFFERPET FRIENDLY$899 - $1,049/mo1-2 Beds1-2 BathsThe Monroe | 940 University Woods Dr #43dc6ae44,
New Albany, IN 47150
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Average Rent Trends in 47150
Rent in 47150 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,161 |
| Jul 2025 | $1,167 |
| Aug 2025 | $1,188 |
| Sep 2025 | $1,200 |
| Oct 2025 | $1,255 |
| Nov 2025 | $1,209 |
| Dec 2025 | $1,195 |
| Jan 2026 | $1,100 |
| Feb 2026 | $1,100 |
| Mar 2026 | $1,050 |
| Apr 2026 | $1,191 |
| May 2026 | $1,199 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $864 | $1,166 | $1,560 | $1,697 | $1,200 |
| Townhomes | — | $1,150 | $1,400 | — | $1,400 |
| Apartments and Condos | $850 | $1,199 | $1,600 | $1,950 | $995 |
| Houses | $1,000 | $1,295 | $1,695 | $1,697 | $1,497 |
Frequently Asked Questions about Rentals in 47150
- What is the average rent of an apartment in 47150?The average rent of an apartment in 47150 is $1,073 per month. This is about 44% lower than the national average.
- What is the average rent of a house in 47150?The average rent of a house in 47150 is $1,500 per month. This is about 22% lower than the national average.
- What is the average rent of a townhome in 47150?The average rent of a townhome in 47150 is $1,400 per month. This is about 27% lower than the national average.
- When is the average rent cheapest in 47150?In the last year, the average rent in 47150 was lowest in Mar 2025 when it was $1,019 per month.
- When is the average rent most expensive in 47150?In the last year, the average rent in 47150 was highest in Oct 2025 when it was $1,255 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 47150?The average rent of a 1 bedroom apartment in 47150 is $850 per month. That is about $20 less than the cost of a studio apartment.
- How many available rental listings are in 47150?There are 89 available rental listings in 47150.
- What are some cities near 47150?Some nearby cities include: New Albany, Clarksville, Floyds Knobs, Lanesville, Georgetown, Jeffersonville. These cities may have more rental options to explore.