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Apartments for Rent in New Albany, IN
209 Rentals Available

  • 12
    Today

    2406 Green Valley Road, New Albany, IN 47150
    1 BED $1,215
    2 BEDS $1,300+
    3 BEDS $1,450
  • Today

    818 Hausfeldt Lane, New Albany, IN 47150
    1 BED $1,371+
    2 BEDS $1,236+
  • 7
    Today

    200 Village Dr W, New Albany, IN 47150
    1 BED $681
    2 BEDS $979+
    3 BEDS $1,240
  • 32
    Today

    4100 Prestwick Square, New Albany, IN 47150
    STUDIO $795+
    1 BED $900+
    2 BEDS $950+
  • 12
    Today

    600 Country Club Drive, New Albany, IN 47150
    1 BED $887
    2 BEDS $1,168+
    3 BEDS $1,517
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  • 24
    Today

    1601 E Main St, New Albany, IN 47150
    STUDIO $50+
    1 BED $995+
    2 BEDS $1,395
  • 10
    Today

    1316 Roosevelt Ave., New Albany, IN 47150
    2 BEDS $795+
  • Today

    100 High Park Dr, New Albany, IN 47150
    2 BEDS $878+
  • Today

    1637 E Market St, New Albany, IN 47150
    1 BED $1,087
  • 31
    Today

    4229_4335 Mel Smith Road, New Albany, IN 47150
    STUDIO $75+
    2 BEDS $1,195
  • 55
    Today

    2702 Paoli Pike, New Albany, IN 47150
    1 BED $720
    2 BEDS $859+
    3 BEDS $1,425
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  • 25
    1 day ago

    One Plaza Drive, New Albany, IN 47150
    STUDIO Ask for Pricing
    1 BED $889+
    2 BEDS $1,109
  • 7
    Today

    718 Academy Drive, New Albany, IN 47150
    2 BEDS $1,250
    3 BEDS $1,495
  • Today

    510 Culbertson Ave., New Albany, IN 47150
    3 BEDS $1,095
  • Today

    906,908,910,912 Pearl St., New Albany, IN 47150
    3 BEDS $1,395
  • Today

    905 E Market St, New Albany, IN 47150
    STUDIO Ask for Pricing
  • 12
    Today

    702-712 Victoria Court Apts, New Albany, IN 47150
    STUDIO $995
    1 BED $950+
    2 BEDS $995
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  • 51
    Today

    2313 Grant Line Road, New Albany, IN 47150
    1 BED $814+
    2 BEDS $923
    3 BEDS Ask for Pricing
  • Today

    4305 Reas Ln., New Albany, IN 47150
    2 BEDS $1,250
  • 12
    Today

    2121 Culbertson Avenue, New Albany, IN 47150
    1 BED $900
  • 7
    Today

    1201 Dewey Street, New Albany, IN 47150
    1 BED $750
  • Today

    121 E 14Th St., New Albany, IN 47150
    1 BED $1,050
  • Today

    1615 King St, New Albany, IN 47150
    1 BED $995
    2 BEDS $1,200
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  • Today

    511,513,515 East 4Th St, New Albany, IN 47150
    2 BEDS $1,195
    3 BEDS $1,195
  • Today

    2676 Grant Line Road, New Albany, IN 47150
    1 BED $980
    2 BEDS $1,168+
    3 BEDS $1,077
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Popular searches Average rent Renters guide Demographics

Average rent in New Albany, IN

$1,097/mo New Albany, IN average rental price, May 2025
Image Average Rent

The average monthly rent of apartments in New Albany, IN is $1,097.

    New Albany, IN apartment rent ranges

    About 3% of apartment rents in New Albany, IN range between $1,501-$2,000. Around 55% of New Albany’s apartments are in the $1,001-$1,500 price range. 42% of apartments are priced ≤ $1000.

    New Albany, IN rent trends

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

    Compared to the national average rent of $1,761, the average rent in New Albany, IN is $1,097.

    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 14 Jun 2025.

    What are the best apartments in New Albany, IN?

    The best apartments in New Albany, IN are: The Villas at Green Valley, The Commons Apartments, Valley Ridge, HUB of New Albany Apartments and Sheffield Square.

    What is the average rent in New Albany, IN?

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

    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 $50 and $1,208.

    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 $750 and $8,850.

    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 $795 and $2,000.

    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 $814 and $1,800.

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

    In New Albany 44% of the housing is rented out compared to 56% of homes are owned, according to the most recent Census Bureau estimates. 14% of New Albany’s apartments are found in large buildings of 50 units or more, 59% are located in smaller apartment complexes with less than 50 units, and 26% 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 36 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 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.

    What apartment floorplans are common in New Albany, IN?

    Studio apartments in New Albany are around 2% of rentals, while 1-bedroom floor plans represent 26% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 64% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.

    Living in New Albany, IN

    New Albany, IN, is considered part of the Louisville, KY, metropolitan statistical area. So, if you’re a renter looking for a great place to live without breaking the bank, consider starting your hunt for an apartment for rent in New Albany. This pleasant suburb is only a hop and a skip away across the river from the excitement of Louisville, but offers a slower-paced, laidback living environment. Plus, the cost of living in New Albany is well below the national average, as well as on par with the average for the rest of the state of Indiana. Renters in New Albany also benefit from a stellar public school system. Here, renters will never run out of excuses to leave the comfort of their rental apartment: With dozens of restaurants featuring cuisine from around the world to cozy cafes and a lively bar scene, there’s no time to get bored. New Albany is also home to unique and fun boutiques, as well as a wide array of museums and historical architecture.

    Renting in New Albany, IN

    There are slightly fewer renters in New Albany than residents who own their homes in the city’s dense, suburban environment. Renters might choose the perfect rental property among the diverse housing stock that includes detached, single-family homes in quiet residential suburbs. Otherwise, there are also affordable apartments for rent in mid- to low-rise communities or townhouses close to all of the amenities closer to downtown. The cost of an apartment for rent in New Albany is on par with the rest of Indiana, making this charming suburb an affordable option compared to the rest of the Louisville-Jefferson Country metropolitan area, placing rental costs in New Albany well below the national average. Notably, Indiana rental laws do not put a statutory limit on how much landlords can charge renters for a security deposit. However, New Albany renters should expect to put down the equivalent of one month’s rent to secure a rental apartment.

    Things for renting

    Shopping in New Albany, IN

    New Albany may be renowned for its charming downtown area full of quirky shops and charming boutiques to shop for gifts for all occasions, but renters are likely curious to know about the most convenient places where they can stock up the kitchen to their rental apartment. However, New Albany features multiple options for grocery shopping that are likely within easy distance of your rental apartment. In fact, renters will recognize many national and regional supermarket chains, such as Whole Foods Market, Meijer, Kroger, Aldi, Target or Walmart. Or, the New Albany Plaza is a convenient outdoor shopping mall with many big-box stores.

    Transportation in New Albany, IN

    If driving is not your thing, you’ll love renting an apartment in New Albany. The charming small town is very walkable and you’ll likely find some shopping and dining options within walking distance. This is the case no matter where you find an apartment for rent, but particularly in central locations, such as downtown, Central Avenue and Center Square. The biking system is also well-developed. However, there are very limited public transportation options in New Albany.

    Look for apartments near me

    Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

    Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!

    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 $150 and submit your rental application today!

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