Cheap Apartments for Rent in Floyd County, IN from $500 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in Floyd County.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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1743 Culbertson Ave
1 Bedroom Apartments

1743 Culbertson Ave

1743 Culbertson AveNew Albany, IN 47150
  • Utilities Included
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3490 Louise Way
1 to 2 Bedroom Apartments

3490 Louise Way

3490 Louise WayNew Albany, IN 47150
Senior Living
  • Utilities Included
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St Edward Court
1 to 3 Bedroom Apartments

St Edward Court

701 E Spring StNew Albany, IN 47150
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Lone Star Apartments
2 Bedroom Apartments

Lone Star Apartments

1637 Old Ford RdNew Albany, IN 47150
  • Utilities Included
Showing Results 1-29, Page 1 of 1

Cheapest Available Floyd County Apartments for Rent

 

The cheapest available apartment rental in Floyd County, IN is a 1 Bed unit found at Adelyn Apartments in the Southern Indiana neighborhood priced from $595. Brookview Glen in the Downtown New Albany neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $719. Here is today’s list of the most affordable Floyd County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Adelyn Apartments11BR,1BA$595
Brookview GlenStudioStudio,1BA$719
The Monroe1 Bedroom and 1 Bathroom1BR,1BA$899
Huntley Ridge New AlbanyWillow2BR,1BA$935
Valley RidgeTwo Bedroom Townhome2BR,1BA$983
The BreakwaterAnchorStudio,1BA$990
High Park Apartments2 Bedroom2BR,1BA$997
Plaza Square Apartments2x12BR,1BA$1,000
Heritage Springs RentalsVillas of Heritage Springs Apartments2BR,2BA$1,050

Best Value Apartments for Rent in Floyd County, IN

As of June 02, 2026 the best value apartment in the Floyd County area is the $1.06 price per square foot 2BR/1.5BA Model at Lochwood in the in the Southern Indiana neighborhood starting from $1,275. The second greatest value Floyd County apartment is the 2nd Floor - Rear Side Model at Grove Park starting at $1,295 with a $1.11 price per square foot in the Southern Indiana neighborhood. Here is today’s list of the best values for Floyd County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lochwood2BR/1.5BA2BR,1.5BA$1.06
Grove Park2nd Floor - Rear Side2BR,2BA$1.11
Heritage Springs RentalsVillas of Heritage Springs Townhomes3BR,1.5BA$1.00
Academy Park Apartments2 BEDROOM 2 BATHROOM2BR,2BA$1.12
Huntley Ridge New AlbanyWillow2BR,1BA$0.94
Plaza Square Apartments2x12BR,1BA$1.00
Klerner Lane ApartmentsTwo Bed 9702BR,2BA$1.13
Valley RidgeTwo Bedroom Townhome2BR,1BA$1.03
The Monroe1 Bedroom and 1 Bathroom1BR,1BA$1.12
Adelyn Apartments11BR,1BA$1.03

Frequently Asked Questions about Cheap Floyd County Apartments

What is a cheap apartment in Floyd County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Floyd County is under $1,050.

What is the price of a cheap apartment in Floyd County?

The cheapest apartment in Floyd County is Brookview Glen which is listed at $819, while the average apartment in Floyd County costs $1,310.

What types of apartments are the cheapest in Floyd County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 44 regular apartments in Floyd County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Floyd County?

Cheap apartments in Floyd County have an average cost of $425 which is $885 cheaper than the average rent for all rentals in Floyd County.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.