Apartments for Rent in New Albany, IN

The best apartments in New Albany, IN are: The Commons Apartments, Lancaster Lofts, Villas at Green Valley, Monon Crossing and 3509 Tabor Ct.

The average rent in New Albany, IN is $1,088.

The price range for a studio apartment in New Albany, IN is between $75 and $1,190.

The price range for a 1-bedroom apartment in New Albany, IN is between $650 and $1,587.

The price range for a 2-bedroom apartment in New Albany, IN is between $850 and $1,505.

The price range for a 3-bedroom apartment in New Albany, IN is between $739 and $1,599.

In New Albany, 45% of the residents are renting compared to 55% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 13% of New Albany's rentals, 60% are small-scale complexes with under 50 units, and 26% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in New Albany are about 32 years old, on average. Of these, 30% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in New Albany are around 2% of rentals, while 1-bedroom floor plans represent 25% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 65% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.