Cheap Apartments for Rent in New Albany, IN
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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 New Albany, IN
Rent in New Albany, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Nov 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Dec 2025 | $1,195 |
| Jan 2026 | $1,100 |
| Feb 2026 | $1,100 |
| Mar 2026 | $1,050 |
| Apr 2026 | $1,187 |
| May 2026 | $1,200 |
| Jun 2026 | $1,195 |
| Jul 2026 | $1,126 |
| Aug 2026 | $1,116 |
| Sep 2026 | $1,200 |
| Oct 2026 | $1,150 |
| Nov 2026 | $1,200 |
Average Rent By Bedroom and Home Type
In November 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 | $950 | $1,172 | $1,443 | $1,550 | $1,200 |
| Townhomes | — | $1,125 | — | $2,350 | $1,125 |
| Apartments and Condos | $950 | $1,125 | $1,000 | — | $1,000 |
| Houses | $1,050 | $1,200 | $1,449 | $1,550 | $1,400 |
Frequently Asked Questions about Rentals in New Albany, IN
- What is the average rent of an apartment in New Albany, IN?The average rent of an apartment in New Albany, IN is $1,023 per month. This is about 47% lower than the national average.
- What are the cheapest months to find an apartment to rent in New Albany, IN?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 New Albany, IN?There are 47 apartments to rent that are cheaper than the city’s average rent of $1,200.
- When is the average rent most expensive in New Albany, IN?In the last year, the average rent in New Albany, IN was highest in Oct 2025 when it was $1,256 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in New Albany, IN?The average rent of a 1 bedroom apartment in New Albany, IN is $950 per month. That is about $129 more than the cost of a studio apartment.
- What are some neighborhoods in New Albany, IN?
- What are some zip codes in New Albany, IN?
- What are some cities near New Albany, IN?Some nearby cities include: Clarksville, Floyds Knobs, Georgetown, Lanesville, Jeffersonville. These cities may have more rental options to explore.
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