Cheap Apartments for Rent in New Albany, IN
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Use arrow keys to navigateAPPLY INSTANTLYFURNISHEDROOM FOR RENT
Use arrow keys to navigateAPPLY INSTANTLYPET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigateAPPLY INSTANTLY
PET FRIENDLY
PET FRIENDLY
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PET FRIENDLY
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SPECIAL OFFERPET FRIENDLY$841 - $1,191/mo
Studio-3 Beds
1-2 BathsHUB of New Albany Apartments | 4100 Prestwick Sq #4067,
New Albany, IN 47150
SPECIAL OFFERPET FRIENDLY
NEW - 2 DAYS AGOAPPLY INSTANTLY
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NEW - 2 DAYS AGOPET FRIENDLY
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PET FRIENDLY$905 - $970/mo2 Beds1 BathLocust Grove Apartments | 2741 Charlestown Rd #6-42LG,
New Albany, IN 47150
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APPLY INSTANTLY
PET FRIENDLY
PET FRIENDLY
SPECIAL OFFERPET FRIENDLY$995 - $1,325/mo2 Beds2 BathsSilver Creek Commons East & West | 4719 Grantline Rd #613,
New Albany, IN 47150
NEW - 2 DAYS AGOPET FRIENDLY
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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 decreased in Jul 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $1,188 |
| Sep 2025 | $1,242 |
| Oct 2025 | $1,256 |
| 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 | $1,200 |
| Jun 2026 | $1,195 |
| Jul 2026 | $1,129 |
Average Rent By Bedroom and Home Type
In July 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 | $825 | $1,198 | $1,447 | $1,900 | $1,150 |
| Townhomes | — | $950 | $1,395 | — | $1,395 |
| Apartments and Condos | $800 | $1,095 | $1,100 | — | $895 |
| Houses | $900 | $1,200 | $1,495 | $1,900 | $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 $1,074 per month. This is about 45% lower than the national average.
- When is the average rent cheapest in New Albany, IN?In the last year, the average rent in New Albany, IN was lowest in Mar 2025 when it was $1,019 per month.
- 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 $825 per month. That is about $100 more than the cost of a studio apartment.
- How many available rental listings are in New Albany, IN?There are 90 available rental listings in New Albany, IN.
- 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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