The Monroe Apartments

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940 University Woods Dr, New Albany, IN 47150
(812) 940-3885
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Contact

The Monroe

940 University Woods Dr
New Albany, IN 47150
(812) 940-3885
The Monroe in New Albany, IN - Building Photo
  • 1–2 Bedrooms
  • $999-$1,399Pricing
  • 800–1,250Square Feet

Rent Specials

Apply today for only $60. Sign a 18 month lease and get TWO months free! Sign a 12 month lease and get ONE month free!

Ask Us About Our Specials

About The Monroe

Welcome home to The Monroe, our newly renovated apartment community in New Albany, Indiana. Our updated 1 and 2 bedrooms provide luxurious comfort to make relaxing at home easy. Located across from the Ohio River and close to Interstate 64, you are minutes away from all of the entertainment Downtown Louisville offers. Enjoy shopping, dining out, and more within 5 minutes of your new home. Come visit us today!

The Monroe is located in the 47150 Zip code of New Albany, IN. This community is professionally managed by Elmington Capital Group

Unique Features and Amenities

  • Access To Hiking And Biking Trails
  • Additional Storage
  • Laundry Room
  • Online Resident Portal
  • On-Site Management
  • Outdoor Kitchen & BBQ Area
  • Pet Friendly With Large Breeds Accepted
  • Select Homes With Washer/dry Connections
  • Sparkling Swimming Pool with Sundeck
  • Virtual Tours Offered

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

The Monroe offers 1 to 2 Bedroom apartments starting from $999 and having 800–1,250 sq ft. Here is the current pricing and availability:

  • 1 Bedroom

    1 Bedroom One Bathroom

    $999

    1 Bed, 1 Bath, 800 sq ft
    Available Soon

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtFloorplanView Details
    $999Available Soon113800
    $999Available Soon175800
    $999Available Soon177800

    Model Rent and Fees

    Model Price

    • $999

    Unit 113 Gallery

    Floorplans

    Unit 113 Rent and Fees

    Unit Price

    • $999

    Model Rent and Fees

    Price

    • $999

    Unit 175 Gallery

    Floorplans

    Unit 175 Rent and Fees

    Unit Price

    • $999

    Model Rent and Fees

    Price

    • $999

    Unit 177 Gallery

    Floorplans

    Unit 177 Rent and Fees

    Unit Price

    • $999

    Model Rent and Fees

    Price

    • $999

    One Bedroom One Bathroom

    $999

    1 Bed, 1 Bath, 800 sq ft
    Available Nov 9

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtFloorplanView Details
    $999 November 9, 2025014800
    $999 December 5, 2025045800
    $999 December 26, 2025016800

    Model Rent and Fees

    Model Price

    • $999

    Unit 014 Gallery

    Floorplans

    Unit 014 Rent and Fees

    Unit Price

    • $999

    Model Rent and Fees

    Price

    • $999

    Unit 045 Gallery

    Floorplans

    Unit 045 Rent and Fees

    Unit Price

    • $999

    Model Rent and Fees

    Price

    • $999

    Unit 016 Gallery

    Floorplans

    Unit 016 Rent and Fees

    Unit Price

    • $999

    Model Rent and Fees

    Price

    • $999

  • 2 Bedrooms

    2 Bedroom One & One Half Bathroom

    $1,029

    2 Beds, 1.5 Baths, 1075 sq ft
    Available Now
    Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this Property

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtFloorplanView Details
    $1,029Available Now0061075
    $1,029Available Soon0071075
    $1,029Available Soon0211075

    Model Rent and Fees

    Model Price

    • $1,029

    Unit 006 Gallery

    Floorplans

    Unit 006 Rent and Fees

    Unit Price

    • $1,029

    Model Rent and Fees

    Price

    • $1,029

    Unit 007 Gallery

    Floorplans

    Unit 007 Rent and Fees

    Unit Price

    • $1,029

    Model Rent and Fees

    Price

    • $1,029

    Unit 021 Gallery

    Floorplans

    Unit 021 Rent and Fees

    Unit Price

    • $1,029

    Model Rent and Fees

    Price

    • $1,029

    Two Bedroom One & One Half Bathroom

    $1,099

    2 Beds, 1.5 Baths, 1200 sq ft
    Available Now

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtFloorplanView Details
    $1,099Available Now0631200
    $1,099Available Now0871200
    $1,099Available Now1411200

    Model Rent and Fees

    Model Price

    • $1,099

    Unit 063 Gallery

    Floorplans

    Unit 063 Rent and Fees

    Unit Price

    • $1,099

    Model Rent and Fees

    Price

    • $1,099

    Unit 087 Gallery

    Floorplans

    Unit 087 Rent and Fees

    Unit Price

    • $1,099

    Model Rent and Fees

    Price

    • $1,099

    Unit 141 Gallery

    Floorplans

    Unit 141 Rent and Fees

    Unit Price

    • $1,099

    Model Rent and Fees

    Price

    • $1,099

    Two Bedroom One & One Half Bathroom Deluxe

    $1,328

    2 Beds, 1.5 Baths, 1200 sq ft
    Available Now

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtFloorplanView Details
    $1,328Available Now1011200
    $1,328Available Soon0861200
    $1,328Available Soon1421200

    Model Rent and Fees

    Model Price

    • $1,328

    Unit 101 Gallery

    Floorplans

    Unit 101 Rent and Fees

    Unit Price

    • $1,328

    Model Rent and Fees

    Price

    • $1,328

    Unit 086 Gallery

    Floorplans

    Unit 086 Rent and Fees

    Unit Price

    • $1,328

    Model Rent and Fees

    Price

    • $1,328

    Unit 142 Gallery

    Floorplans

    Unit 142 Rent and Fees

    Unit Price

    • $1,328

    Model Rent and Fees

    Price

    • $1,328

    2 Bedroom One & One Half Bathroom Deluxe

    $1,245

    2 Beds, 1.5 Baths, 1075 sq ft
    Available Dec 22

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtFloorplan
    $1,245 December 22, 20250421075

    Unit 042 Gallery

    Floorplans

    Unit 042 Rent and Fees

    Unit Price

    • $1,245

    Model Rent and Fees

    Price

    • $1,245

    2 bedroom Two Bathroom

    $1,399

    2 Beds, 2 Baths, 1250 sq ft
    Available Soon
    Largest 2 BedroomThis is the largest 2 Bedroom at this Property

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtFloorplan
    $1,399Available Soon1901250

    Unit 190 Gallery

    Floorplans

    Unit 190 Rent and Fees

    Unit Price

    • $1,399

    Model Rent and Fees

    Price

    • $1,399
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (812) 940-3885 to schedule a tour.

Matterport 3D Tours

1BR, 1BA 825 SF
1BR, 1BA - 800 SF

Property Information

Lease Terms

  • 6 - 12 mo
  • Short Term Lease Options
Ask About Our Lease Terms

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

Required Fees

One-Time Move-In Fees

Due at Move-In
Administrative FeeiLook and Lease special today only! We are waiving the $199 administration fee.$199
Due at Application
Application Fee Per Applicant$60

Other Fees

Pet Fees

Cat

One-Time Pet Fee$300
Monthly Pet Fee$30

Dog

One-Time Pet Fee$300
Monthly Pet Fee$30

Cats

  • 2 Pet Limit

Max 2 pets. No weight limit, $30 per month per pet monthly pet rent.

Dogs

  • 2 Pet Limit
Restrictions:

Max 2 pets. No weight limit, $30 per month per pet monthly pet rent.

Parking Info and Fees

Street

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

Unique Amenities

  • Access To Hiking And Biking Trails
  • Additional Storage
  • Laundry Room
  • Online Resident Portal
  • On-Site Management
  • Outdoor Kitchen & BBQ Area
  • Pet Friendly With Large Breeds Accepted
  • Select Homes With Washer/dry Connections
  • Sparkling Swimming Pool with Sundeck
  • Virtual Tours Offered

On-Site Services

  • Laundry Facilities

Community Features

  • Corporate Housing

Outdoor Features

  • Grill
  • Courtyard

Recreation and Fitness

  • Fitness Center
  • Walking/Biking Trails
  • Pool
Ask About Our Amenities
Google Map

Map

940 University Woods Dr, New Albany, IN 47150
Schedule a Time to Come See Us

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
(812) 940-3885
Monday8:30 am–5:30 pm
Tuesday8:30 am–5:30 pm
Wednesday8:30 am–5:30 pm
Thursday8:30 am–5:30 pm
Friday8:30 am–5:30 pm
Saturday10:00 am–5:00 pm
SundayClosed
Ask About Live Online Tours

Getting Around

Walk Score®

58 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about The Monroe

Where is The Monroe located?

The Monroe is located at 940 University Woods Dr, New Albany, IN

What is the current rent range at The Monroe?

1 Bedroom to 2 Bedroom Apartments at The Monroe currently range from $999 to $1,399

When is the leasing office open?

  • The office Hours for The Monroe are
  • Monday 8:30 am–5:30 pm
  • Tuesday 8:30 am–5:30 pm
  • Wednesday 8:30 am–5:30 pm
  • Thursday 8:30 am–5:30 pm
  • Friday 8:30 am–5:30 pm
  • Saturday 10:00 am–5:00 pm
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at The Monroe is: Apply today for only $60. Sign a 18 month lease and get TWO months free! Sign a 12 month lease and get ONE month free!.

Renters Reviews and Ratings

2.9
15 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
Showing 1-12 of 15 Reviews

  • El peor lugar.

    June 30, 2025
    Muchas cucarachas, no arreglan nada. Tremenda peste en los pasillo a cigarro y mariguana , en la oficina Tremenda mala atención. El aire acondicionado del apartamento lleno de churre no lo revisan está tupido ni aire echa. Todo es arremedando. Los de mantenimiento se la pasan todo el tiempo dando vueltas sin trabajar . Las escaleras llena de churre .

    • Property Manager Responded

      October 17, 2025
      Lamentamos mucho escuchar sobre tu experiencia, User. Nos gustaría abordar tus preocupaciones y mejorar la situación. Por favor, comunícate con nuestra oficina al 812-944-2309 para que podamos ayudarte directamente.
    Review from Apartments.com

  • Worst place to be

    December 16, 2024
    This place is infested with roaches and bug. The have poor maintenance and charge your for pest control but they never show. Lastly it been over 6month I left up till today 12/16/24 I have not gotten a refund. Plus the new management now are so rude.

    • Property Manager Responded

      October 17, 2025
      Thank you for taking the time to share your feedback. We’ve reviewed our records and were unable to verify you as a current or former resident of our community. We take all concerns seriously and would like the opportunity to learn more about your experience. Please contact our management team directly at [insert phone/email] so we can better understand your feedback and ensure it’s addressed appropriately.
    Review from Apartments.com

  • Don’t move here !!!

    October 13, 2024
    I lived at the Monroe apartments for 2 years and it was my first apartment at 18 years old. Absolutely terrible experience. They are roach infested, the AC always breaks and they never fix it in a timely manner or offer window units. Black mold behind the shower as well. I was so sick staying there. Managers are very rude as well. Please find somewhere else.

    • Property Manager Responded

      October 18, 2024
      We are sorry to hear about your prior experience. Please contact the office regarding your experience. Our office is all new staff and we hope to rectify any past mistakes that may have been made by the office.
    Review from Apartments.com

  • very quiet community

    August 16, 2024
    I come from a property previously where my neighbors were screaming through the apartment. Not here though. its super quiet almost eery in a sense. I prefer this over the city any day. I haven't had any issues with pest control as they just came on Wednesday and the office staff is great. So far I give a 9 out of 10. I only do this because I wish there were more restaurants on the street its at. There are a few but I have to travel dow to them. Wish they were closer.

    • Property Manager Responded

      November 7, 2024
      We appreciate your high rating and positive feedback about our peaceful environment. It's great to hear that you're enjoying the tranquility and our proactive pest control measures. We understand your wish for more nearby dining options and appreciate your suggestion. Thank you for choosing our community as your home.
    Review from Apartments.com

  • Five Star!!

    August 15, 2024
    I'm so happy with the new management company!! The previous one didn't answer the phones nor talk at the door. I love the leasing agent and new manager I met today. Thank you for all your help!!

    • Property Manager Responded

      November 7, 2024
      Thank you for the five-star rating! We're thrilled to hear about your positive experience with our new management team. Your kind words are greatly appreciated and we're here to help anytime.
    Review from Apartments.com

  • Beautiful Property

    August 6, 2024
    The property is immaculate! There are great shops and restaurants nearby.

    • Property Manager Responded

      October 17, 2025
      We appreciate your positive feedback! It's wonderful to know you're enjoying the pristine surroundings and the local amenities. Thank you for sharing your experience.
    Review from Apartments.com

  • Feeling hopeless

    June 22, 2024
    Where to begin… There are bugs in the townhomes and apartments. Including roaches! Management is super rude to speak to, they always respond with an attitude or as if you’re bothering their day. Trash is always piled in the dumpsters, they are never consistent on having it taken out. The units are old and falling apart, dishwasher leaks, cabinets under sinks falling apart. Washer and dryer facility is gross. They never clean it and the machines are constantly broken. The pool is RARELY ...
    open because “no one is here” meaning they force the kids to play in 100+ heat on the weekends because they don’t want to open it. (Hours are supposed to be 10-10 but it’s never opened for more than 3 hours IF they decide to be here) They don’t care about their community or residents here, they had no issue towing countless homes vehicles for little petty reasons like expired tags, or the vehicle looking rough. Even though their entire units look ran down and rough, they care more about our cars than the units. This place could have so much potential if other people ran it and CARED about their residents. So basically to sum it up - RUDE office folks, pool is never open because they refuse to be here, BUGS IN UNIT, washing facility is gross, and you can hardly get a hold of anyone because they treat you as an annoyance. Oh and they’ll tow your car before they do something nice for their residents or good for their units. The only reason these sweet families stay, is location and price. But even then, the price needs to decrease due to how poorly this place is ran and how much they make their residents suffer

    • Property Manager Responded

      July 22, 2024
      We're truly sorry to hear about your experience. It's important to us that our community members feel heard and valued. We take your concerns about cleanliness, maintenance, and communication seriously. We invite you to come to the office or reach out to us directly so we can discuss these matters further. Your feedback is crucial in helping us improve.
    Read More
    Review from Apartments.com

  • Mediocre, Poor Management / Maintanaince

    April 12, 2023
    The pool has not been available in the 1 1 /2 years I have been here. The water sometimes tastes awful. Toilet water is always running. "Renovations" were not done properly with drawers and toilet paper holders falling off. There has been a alarm going off in my building for 3 months now.
    Review from Apartments.com

  • Great place to live!

    October 22, 2021
    I have lived here for over a year and they have brand new appliances, Granite countertops, hardwood floor, and new cabinets.
    Review from Apartments.com

  • Excellently Managed Apartment Complex

    October 22, 2021
    I have been a vendor for many property management companies but none as organized as The Monroe. The most fascinating thing about this staff is they're always responsive to my company.
    Review from Apartments.com

  • Cheap Rent, Cheap Living

    November 11, 2019
    I’m 9 months into my year lease and let me just say, I have never felt more stressed out, and at an absolute loss for words. So many things have fallen apart and broken. There is a serious problem involving their sewer systems, and they don’t do anything about it. My apartment constantly reeks of the smell, coming from the bathroom. The maintenance is a joke. They check things off as fixed, but never come in to actually fix the problem. I would rather live in a tent at this point. The only thing ...
    good about this place so far is the rent price. There’s a reason I’m on this website, and it isn’t to brag. Please find somewhere else to live.

    • Property Manager Responded

      November 13, 2019
      Thank you for reaching out, Amber. Due to the nature of your concerns, we feel it would be best if we spoke with you directly. Please stop by the office or give us a call at your earliest convenience.
    Read More
    Review from Apartments.com

  • Rude and unprofessional management!

    August 11, 2019
    I’ve called and spoke with the call center they told me that they had opening and they scheduled me an appointment for a viewing on site . Well when I arrived on-site the manager asked how he could help me I told he I was there for an appointment for a viewing, he than walked out and left me with the woman there working, as I’m speaking with the woman giving her my information, he walks out of his office to tell me that the call center is giving out false information there isn’t any availability ...
    and there wouldn’t be anytime soon. Now they are saying there are several available! It’s been nothing but a bad experience. I’ve been given the run around so many times!

    • Property Manager Responded

      August 27, 2019
      We appreciate your interest in our community and sincerely apologize for any inconvenience that you've experienced. Our availability is subject to change at any given time and we do our best to provide the most accurate information available to us. If you are still seeking a great home in the area, we would be very grateful for the opportunity to discuss your needs and our current availability. Please reach out to us here in the office once more and we'll be happy to speak with you.
    Read More
    Review from Apartments.com

Nearby Schools

New Albany Senior High School

New Albany-Floyd County Con Sch
1020 Vincennes Street
Public School - Grades 9-12 (1812 Students)
In Attendance Zone4 minute drive / 2.0 miles away
7/10

Hazelwood Middle School

New Albany-Floyd County Con Sch
1021 Hazelwood Avenue
Public School - Grades 5-8 (857 Students)
In Attendance Zone5 minute drive / 1.9 miles away
3/10

Mount Tabor School

New Albany-Floyd County Con Sch
800 Mount Tabor Road
Public School - Grades PK-4 (557 Students)
In Attendance Zone1 minute drive / 0.2 miles away
4/10
Contact Us About Nearby Schools
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from The Monroe.

Arts Museums and Landmarks

Louisville Slugger Museum and Factory

800 West Main Street
12 minute drive / 5.63 miles away

Muhammad Ali Center

144 North 6th Street
12 minute drive / 5.66 miles away

Belle of Louisville

401 West River Road
12 minute drive / 5.82 miles away

Big Box and Retail

Kroger

3200 Grant Line Rd
1 minute drive / 0.43 miles away

Kohl's

3899 Charlestown Rd
2 minute drive / 0.95 miles away

Aldi

4551 Charlestown Rd
5 minute drive / 1.99 miles away

Colleges and Universities

Indiana University, Southeast - Main Campus

4201 Grant Line Road
3 minute drive / 1.02 miles away

Indiana University, Southeast - Graduate Center

702 North Shore Drive
11 minute drive / 5.24 miles away

Jefferson Community and Technical College - Jefferson Technical Campus

727 West Chesnut Street
13 minute drive / 6.1 miles away

Groceries

Kroger

3200 Grant Line Rd
1 minute drive / 0.43 miles away

Aldi

4551 Charlestown Rd
5 minute drive / 1.99 miles away

Save-A-Lot

2626 Portland Ave
9 minute drive / 4.2 miles away

Hospitals

Physicians Medical Center

4023 Reas Ln
3 minute drive / 1.16 miles away

Baptist Health Floyd

1850 State St
5 minute drive / 2.45 miles away

Clark Memorial Hospital

1220 Missouri Ave
9 minute drive / 4.64 miles away

Parks and Recreation

Louisville Extreme Park

E Witherspoon St & N Clay St
13 minute drive / 6.28 miles away

Central Park

1340 S 4th St
15 minute drive / 7.34 miles away

The Monroe has 2 parks within 7.3 miles, including Louisville Extreme Park, and Central Park.

Shopping Centers

Grant Line Center

3400 Grant Line Rd
1 minute drive / 0.43 miles away

Grant Line Station

3300 Grant Line Rd
1 minute drive / 0.55 miles away

Grantline Crossing

1929 McDonald Ln
1 minute drive / 0.62 miles away

The Monroe has 5 shopping centers within 0.7 miles.

Nearby Neighborhoods

Southern Indiana

Studio to 4 Bedroom Apartments from $200
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
New Albany Studio Apartments $984$699$1,095
New Albany 1 Bedroom Apartments $950$200$1,595
New Albany 2 Bedroom Apartments $1,181$695$1,830
New Albany 3 Bedroom Apartments $1,428$895$1,705
New Albany 4 Bedroom Apartments $850$850$850

Browse Top Apartments in New Albany

By Price

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Viewing: The Monroe | Desktop Version | Listing Updated: 11/02/2025 | AHLPLA