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Cheap Apartments for Rent in New Albany, IN

65 Rentals Available
Apartments Under $200 Apartments Under $500 Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900

Apartments Under $200

  • A white refrigerator is in a kitchen with beige cabinets and a tiled floor.
    9
    Today

    2032 Culbertson Ave., New Albany, IN 47150
    STUDIO $100
    1 BED $650
    4 BEDS $1,595

Apartments Under $500

  • 2703 Slevin Street 1-2 Beds Apartment for Rent
    8
    Today

    2703 Slevin Street, Louisville, KY 40212
    1 BED $475
    2 BEDS $750

Apartments Under $600

  • A kitchen with white appliances and cabinets.
    Today

    4116 W Broadway, Louisville, KY 40211
    1 BED $595+

Apartments Under $700

  • a living room with couches and a table and a ceiling fan
    7
    Today

    200 Village Dr W, New Albany, IN 47150
    Income Restricted
    1 BED $681
    2 BEDS $983+
    3 BEDS $806

Apartments Under $800

  • A red brick building with a green bush in front.
    7
    Today

    4120 Garland Ave., Louisville, KY 40211
    2 BEDS $700
  • a living room with couches and chairs and a table
    62
    Today

    2702 Paoli Pike, New Albany, IN 47150
    1 BED $719
    2 BEDS $839+
    3 BEDS $1,425
  • a logo for an isaacap properties management company
    Today

    2717 Slevin Street, Louisville, KY 40212
    1 BED $750
    3 BEDS $1,150
  • 316 North 22Nd Street 1-2 Beds Apartment for Rent
    Today

    316 North 22Nd Street, Louisville, KY 40212
    1 BED $750
    2 BEDS $800
  • A kitchen with black cabinets and a white marble countertop.
    Today

    519 North 20Th Street, Louisville, KY 40203
    1 BED $750
    2 BEDS $950
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  • a brick house with a white door and a green lawn
    8
    Today

    1201 Dewey Street, New Albany, IN 47150
    1 BED $775
  • a red brick apartment building with two cars parked in front
    21
    Today

    600 N. 27Th Street, Louisville, KY 40212
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing

Apartments Under $900

  • a kitchen with white cabinets and a sink and a microwave
    7
    Today

    3810 Vermont Avenue, Louisville, KY 40211
    1 BED $800
    2 BEDS $1,000
  • A kitchen with wooden floors and white cabinets.
    Today

    523 North 33Rd Street, Louisville, KY 40212
    1 BED $850
  • A kitchen with wooden floors and white cabinets.
    Today

    521 North 33Rd Street, Louisville, KY 40212
    1 BED $850
  • A kitchen with wooden cabinets and a brick fireplace.
    7 days ago

    2916 Portland Avenue, Louisville, KY 40212
    1 BED $1,000
    2 BEDS $850+
  • A two-story house with a grey roof and a black front door.
    Today

    1214 South 41St Street, Louisville, KY 40211
    4 BEDS $850
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  • a living room with a couch and a television
    40
    Today

    4100 Prestwick Square, New Albany, IN 47150
    STUDIO Ask for Pricing
    1 BED $940+
    2 BEDS $950+
  • a spacious living room with carpet and a ceiling fan
    54
    5 days ago

    2313 Grant Line Road, New Albany, IN 47150
    1 BED $949
    2 BEDS $943+
    3 BEDS Ask for Pricing
  • A kitchen with wooden cabinets and a white stove top oven.
    7
    Today

    100 High Park Dr, New Albany, IN 47150
    2 BEDS $959+
  • a green house with a porch and a tree
    5
    Today

    1508 Beech Street, New Albany, IN 47150
    2 BEDS $1,000
  • a living room with wood floors and a ceiling fan
    5
    Today

    2408 Slevin Street, Louisville, KY 40212
    2 BEDS $1,000
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    Start earning points to redeem on travel, experiences, gift cards, live events, and more!
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  • 400 North 20Th Street 2 Beds Apartment for Rent
    Today

    400 North 20Th Street, Louisville, KY 40203
    2 BEDS $1,000
  • A living room with a white couch, a coffee table, and a painting on the wall.
    29
    Today

    One Plaza Drive, New Albany, IN 47150
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
    2 BEDS $1,104
  • 910 South 44Th Street 3 Beds Apartment for Rent
    10
    Today

    910 South 44Th Street, Louisville, KY 40211
    3 BEDS $1,150
  • A kitchen with wooden cabinets and stainless steel appliances.
    5
    Today

    2506 Montgomery St, Louisville, KY 40212
    2 BEDS $1,180
    3 BEDS $1,440
9-16-city
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Getting around in New Albany, IN

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

Frequently asked questions

What is the price of a cheap apartment in New Albany, IN?

The price range of a cheap apartment is between $695 and $1,637.

How many cheap rentals are available in New Albany, IN on RentCafe?

There are 5 cheap rentals available on RentCafe. Prices and availability in New Albany, IN were last updated on 19 Nov 2025.

What is the average size of a cheap apartment in New Albany, IN?

The average New Albany, IN cheap apartment size is 850 sq. ft.

What are the advantages of renting a cheap apartment in New Albany, IN?

Cheap apartments in New Albany, IN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in New Albany, IN?

A cheap apartment in New Albany, IN offers little storage space and fewer amenities compared to other apartments.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RentCafe, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Looking for a cheap apartment for rent in New Albany, IN? With RentCafe, finding an affordable apartment in New Albany, IN has never been easier. We feature 65 low-priced rentals directly from property managers, with rents lower than the New Albany, IN average. What is a cheap rent in New Albany, IN? The average apartment rent in New Albany is $1,114 per month so any rental south of $891 would be considered cheap here. On RentCafe, New Albany, IN rents go as low as $475/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!