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3 Bedroom Apartments for Rent in New Albany, IN - 3 Rentals available

We found 1 rental in New Albany, IN and 2 rentals nearby

  • Apartment in New Albany
    2702 Paoli Pike, New Albany, IN 47150
    $595 - $784
    • 1-3 Beds
    • 1-2 Baths
    Available Today!
    (812) 948-9224

We found 2 rentals within a 5-mile radius of New Albany, IN

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New Albany, IN Demographics

  • Total Population36,582
  • Female 17,313
    Male 19,269
  • Median Age37.6

Average Rent for 3 Bedroom apartments in New Albany, IN

  • The average rent for a 3 Bedroom apartment in New Albany, IN, November 2018$742/mo
  • 1 Bedroom$682
  • 2 Bedrooms$763
  • 3 Bedrooms$804

New Albany, IN 3 Bedroom Apartment Rent Ranges

  • $501-$70036%
  • $701-$1,00064%

New Albany, IN 3 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Nov / 2018 $742 $804
Jan / 2018 $742 $804
Sept / 2017 $736 $802
May / 2017 $734 $825
Jan / 2017 $719 $814
Sept / 2016 $687 $798
May / 2016 $685 $806
Jan / 2016 $684 $790
Sept / 2015 $682 $805
May / 2015 $677 $769
/

New Albany, IN Households

  • Total Number of Households15,187
  • Children 4,459
    No Children 10,728
  • Average People Per Household2.35
  • Median Household Income$40,413
  • Median Housing Costs Per Month$732

New Albany, IN Education Statistics

  • No High School4%
  • Some High School47%
  • Some College25%
  • Associate Degree8%
  • Bachelor Degree11%
  • Graduate Degree5%

Renting a 3 bedroom apartment in New Albany, IN

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,225 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In New Albany, IN, rents on 3 bedroom apartments go up to $784. 1 rental property offers 3 bedroom units in New Albany, IN to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in New Albany, IN

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $595 in New Albany, IN, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like New Albany or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.