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Apartments for Rent in New Albany, IN
38 Rentals Available

8-17-city

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Average rent in New Albany, IN

$970/mo New Albany, IN average rental price, January 2023
Image Average Rent

The average monthly rent of apartments in New Albany, IN is $970.

New Albany, IN apartment rent ranges

New Albany, IN rent trends

Check out the average rent prices in New Albany by neighborhood.

Compared to the national average rent of $1,727, the average rent in New Albany, IN is $970.

Getting around in New Albany, IN

2 /100
Car-Dependent
9 /100
Somewhat Bikeable
Walk Score®: 2, Bike Score®: 9

Frequently asked questions

When were prices and availability in New Albany, IN last updated?

Prices and availability in New Albany, IN were last updated on 27 Jan 2023.

What are the best apartments in New Albany, IN?

The best apartments in New Albany, IN are: HUB of New Albany Apartments, Lochwood Apartments, Knobs Pointe Apartments, Huntley Ridge New Albany and Academy Park Apartments.

What is the average rent in New Albany, IN?

The average rent in New Albany, IN is $970. Start your search for apartments in New Albany, IN now.

What is the price range for a studio apartment in New Albany, IN?

The price range for a studio apartment in New Albany, IN is between $749 and $1,570. View all studio apartments in New Albany, IN.

What is the price range for a 1-bedroom apartment in New Albany, IN?

The price range for a 1-bedroom apartment in New Albany, IN is between $689 and $2,068. Browse all available 1-bedroom apartments in New Albany, IN now.

What is the price range for a 2-bedroom apartment in New Albany, IN?

The price range for a 2-bedroom apartment in New Albany, IN is between $749 and $2,068. Browse and find a 2-bedroom apartment in New Albany, IN.

What is the price range for a 3-bedroom apartment in New Albany, IN?

The price range for a 3-bedroom apartment in New Albany, IN is between $680 and $2,068. Browse all available 3-bedroom apartments in New Albany, IN.

What type of rental buildings are in New Albany, IN?

In New Albany, 42% of the residents are renting compared to 58% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 11% of New Albany’s rentals, 54% are small-scale complexes with under 50 units, and 34% are single-family rentals.

What do typical apartment communities look like in New Albany, IN?

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 35 years old, on average. Of these, 17% 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 2 stories. About 98% of the rental communities here are low-rise, garden-style communities, 2% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

What apartment floorplans are common in New Albany, IN?

Rental apartments in New Albany come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 26% of the total apartments in the city, while 2-bedroom floorplans represent around 64% of all rentals in New Albany. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.

New Albany, IN demographics

New Albany, IN has a population of 36,730 according to the most recent data from the U.S. Census Bureau. 19,091 of New Albany’s residents are women and 17,639 are men. The median age of those who live in New Albany, IN is 38.4.

New Albany, IN households

  • 8,152 Family
    6,607 Non-family
  • 3,876 Children
    10,883 No Children
  • 14,759Total Number of Households
  • 2.41Average People Per Household
  • $49,415Median Household Income

According to U.S. Census data, there are 14,759 households in New Albany, IN. 8,152 are family households and 6,607 are non-family households. There are 3,876 households with children in New Albany and 10,883 households without children. On average, about 2.41 people live in a household in New Albany, IN.

New Albany, IN education statistics

The level of education of the population of New Albany, IN is as follows: 3% have no high school education, 43% completed some high school, 26% partially completed college, 9% have an Associate Degree, 13% have a Bachelor Degree, and 7% have a Graduate Degree.

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RentCafe is your one-stop shop for finding a great new apartment in New Albany, IN. Easily search through a wide selection of apartments for rent in New Albany, IN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse New Albany, IN apartments with rents starting from $680 and submit your rental application today!

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