Cheap Apartments for Rent in 47150
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NEW - 12 HRS AGOPET FRIENDLY
PET FRIENDLY$820 - $1,180/mo
Studio-3 Beds
1-2 BathsHUB of New Albany Apartments | 4100 Prestwick Sq,
New Albany, IN 47150
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SPECIAL OFFERPET FRIENDLY$1,095 - $1,325/mo2 Beds2 BathsSilver Creek Commons East & West | 4719 Grantline Rd,
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 decreased in Oct 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $1,209 |
| Dec 2025 | $1,195 |
| Jan 2026 | $1,100 |
| Feb 2026 | $1,100 |
| Mar 2026 | $1,050 |
| Apr 2026 | $1,187 |
| May 2026 | $1,199 |
| Jun 2026 | $1,195 |
| Jul 2026 | $1,126 |
| Aug 2026 | $1,116 |
| Sep 2026 | $1,200 |
| Oct 2026 | $1,150 |
Average Rent By Bedroom and Home Type
In October 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 | $903 | $1,200 | $1,450 | $1,550 | $1,200 |
| Townhomes | — | $1,295 | $1,575 | — | $1,295 |
| Apartments and Condos | $750 | $1,200 | $1,067 | — | $995 |
| Houses | $1,050 | $1,200 | $1,572 | $1,600 | $1,443 |
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 $1,012 per month. This is about 48% lower than the national average.
- What are the cheapest months to find an apartment to rent in 47150?Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $1,019 per month.
- How many cheap apartments are available in 47150?There are 50 apartments to rent that are cheaper than the city’s average rent of $1,200.
- 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 $903 per month. That is about $138 more than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en 47150 - 166 Rentas | Trulia