Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
New Albany, OH Rental Market Trends
What is the average rent in New Albany?
The average rent for an apartment in New Albany is $1,362, a 6% increase compared to the previous year, when the average rent was $1,286.
Average Rent in New Albany, OH
Last updated September 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,362 | 6% | 1,036 sq. ft. |
What is the average apartment size in New Albany?
The average size for a New Albany, OH apartment is 1,036 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
New Albany, OH Occupied Housing Units
398 or 12% of the households in New Albany, OH are renter-occupied while 2,844 or 87% are owner-occupied.
New Albany, OH Rent Trends
| Average Rent | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Sep / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| New Albany, OH | $1,162 | $1,191 | $1,254 | $1,263 | $1,249 | $1,253 | $1,286 | $1,291 | $1,300 | $1,362 |
| National | $1,347 | $1,356 | $1,361 | $1,393 | $1,400 | $1,402 | $1,393 | $1,397 | $1,485 | $1,510 |
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How New Albany Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Columbus | $1,064 | 8% |
| Cincinnati | $1,099 | 7% |
| Cleveland | $1,172 | 4% |
| Dayton | $895 | 8% |
| Northwest Ohio | $848 | 6% |
| Delaware | $1,095 | 7% |
| Reynoldsburg | $1,022 | 11% |
| Westerville | $1,207 | 8% |
| Grove City | $1,051 | 10% |
| Hilliard | $1,198 | 10% |
| New Albany | $1,362 | 6% |
Most Popular Apartments in New Albany
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 ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.