New Albany, OH Rental Market Trends
Highlights
The average rent for an apartment in New Albany is $1,253, a change amounting to approximately 0% compared to the previous year.
Average Rent in New Albany, OH
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,253 | 0% | 1,035 sq. ft. |
The average size for a New Albany, OH apartment is 1,035 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
New Albany, OH Apartment Rent Ranges
- $701-$1,00017%
- $1,001-$1,50071%
- $1,501-$2,00011%
- > $2,0001%
New Albany, OH Occupied Housing Units
- Renter-occupied Households12%
- Owner-occupied Households87%
412 or 12% of the households in New Albany, OH are renter-occupied while 2,823 or 87% are owner-occupied.
New Albany, OH Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| New Albany, OH | $1,113 | $1,196 | $1,160 | $1,162 | $1,162 | $1,191 | $1,254 | $1,263 | $1,249 | $1,253 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How New Albany Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Columbus | $959 | 4% |
| Cincinnati | $1,007 | 4% |
| Northwest Ohio | $788 | 5% |
| Cleveland | $1,123 | 3% |
| Dayton | $808 | 5% |
| Delaware | $989 | 6% |
| Westerville | $1,129 | 5% |
| Dublin | $1,154 | 2% |
| Hilliard | $1,068 | 3% |
| Reynoldsburg | $897 | 5% |
| New Albany | $1,253 | n/a |
For more information about the New Albany rental trends, check out our monthly rent report
Check out Ohio Cities, Ohio Neighborhoods and Ohio Zip Codes for more details on verified listings, including the Ohio Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!