New Albany, OH Rental Market Trends
Highlights
The average rent for an apartment in New Albany is $1,263, a 9% increase compared to the previous year, when the average rent was $1,162.
Average Rent in New Albany, OH
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,263 | 9% | 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 apartment type. 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-$1,00019%
- $1,001-$1,50064%
- $1,501-$2,00016%
- > $2,0001%
New Albany, OH Occupied Housing Units
- Renter-occupied Households17%
- Owner-occupied Households82%
552 or 17% of the households in New Albany, OH are renter-occupied while 2,690 or 82% are owner-occupied.
New Albany, OH Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| New Albany, OH | $1,086 | $1,105 | $1,113 | $1,196 | $1,160 | $1,162 | $1,162 | $1,191 | $1,254 | $1,263 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
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How Does New Albany Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Columbus | $947 | 4% |
| Westerville | $1,105 | 7% |
| Reynoldsburg | $884 | 8% |
| Dublin | $1,178 | 5% |
| Grove City | $938 | 8% |
| Hilliard | $1,048 | 4% |
| Grove | $938 | 8% |
| Blacklick | $978 | 5% |
| Galloway | $856 | 10% |
| Groveport | $886 | 7% |
| New Albany | $1,263 | 9% |
For more information about the New Albany rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all New Albany apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.