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from $378Studio to 2 Bedroom Apartments Available Now
Brookview Glen
1810 Graybrook LnNew Albany, IN 47150
Cheap Apartments for Rent in New Albany, IN from $300 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in New Albany.
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from $2001 Bedroom Apartments Available Now
Yellowwood Terrace Affordable Senior Housing
2100 Greentree NClarksville, IN 47129
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.
3124 Vermont Ave
LouisvilleKY40211
4116 W Broadway
LouisvilleKY40211
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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New Albany, IN Local Guide
How much does it cost to rent an apartment in New Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap New Albany Studio Apartments | $945 | $378 | $1,195 |
| Cheap New Albany 1 Bedroom Apartments | $908 | $200 | $1,500 |
| Cheap New Albany 2 Bedroom Apartments | $1,174 | $649 | $1,699 |
| Cheap New Albany 3 Bedroom Apartments | $1,358 | $945 | $1,850 |
| Cheap New Albany 4 Bedroom Apartments | $1,403 | $1,195 | $1,640 |
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New Albany, IN Local Guide
Written By:
Staff Writer Local Guide Expert
- New Albany Neighborhoods
- Nearby Cities
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Cheapest Available New Albany Apartments for Rent
The cheapest available apartment rental in New Albany, IN is a 1 Bed unit found at Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood priced from $200. Brookview Glen in the Downtown New Albany neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $378. Here is today’s list of the most affordable New Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $200 |
| Brookview Glen | Studio | Studio,1BA | $378 |
| Townsquare Apartments | garden apartment | 1BR,1BA | $750 |
Best Value Apartments for Rent in New Albany, IN
As of June 16, 2025 the best value apartment in the New Albany area is the $0.98 price per square foot 2BR/2.0BA Model at Lochwood Apartments in the in the Downtown New Albany neighborhood starting from $1,465. The second greatest value New Albany apartment is the 3 Bed, 1 Full & 2 Half Bath TH with W/D Hook-Up Model at River Chase Apartments starting at $1,270 with a $0.95 price per square foot in the Southern Indiana neighborhood. Here is today’s list of the best values for New Albany apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lochwood Apartments | 2BR/2.0BA | 2BR,2BA | $0.98 |
| River Chase Apartments | 3 Bed, 1 Full & 2 Half Bath TH with W/D Hook-Up | 3BR,3BA | $0.95 |
| Wellington Green | 3 Bed 2 Bath Single Section | 3BR,2BA | $0.86 |
| Huntley Ridge Townhomes | Norfolk Townhome | 2BR,1.5BA | $0.99 |
| Stone Creek Apartments I & II | 2 Bed 1 Bath | 2BR,1BA | $0.95 |
| 2739 Edgewood Ln, Unit 6-38 | 2739 Edgewood Ln | 2BR,1BA | $0.99 |
| High Park Apartments | 2 Bedroom | 2BR,1BA | $1.00 |
| Huntley Ridge Clarksville | Classic 1 Bedroom 1 Bathroom | 1BR,1BA | $0.99 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
| Brookview Glen | Studio | Studio ,1BA | $0.95 |
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New Albany Overview
If you are looking for a peaceful, suburban area to live in with a friendly community, New Albany, IN may be an ideal place to live. New Albany boasts a strong economy, a long history, and an energetic community. Of course, one of its major benefits is that it is so close to major cities such as Louisville, Indianapolis, and Cincinnati. While you will be living in a small, affordable, and safe area, you will have direct access to all the exciting advantages of major cities.
Why live in New Albany, IN?
If you are considering apartments in New Albany, you may have found your perfect new home. New Albany, IN is a close-knit community full of friendly individuals. There is a strong industrial culture, offering many employment opportunities whereas there are plenty more in nearby major cities. Furthermore, you will always have a multitude of things to do as there are restaurants, small shops and boutiques, museums, and community events and programs. One of the most attractive selling points is the fact that apartments and houses are affordable.
Best Local Schools in New Albany, IN
New Albany Senior High School
New Albany-Floyd County Con Sch
Public School - Grades 9-12 (1812)
6 out of 10
Nathaniel Scribner Middle School
New Albany-Floyd County Con Sch
Public School - Grades 5-8 (902)
4 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New Albany, IN Rentals by Map
See the most popular apartments and homes in New Albany, IN
New Albany, IN Apartments MapNew Albany, IN Rental Homes MapGetting Around New Albany, IN
Walk Score®
52 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
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 Cheap New Albany Apartments
What is the Cheapest Studio apartment in New Albany?
Currently the most affordable Cheap Studio Apartment in New Albany is at Brookview Glen listed at $378.
How much is rent for a Cheap One Bedroom New Albany Apartment?
The lowest price for a Cheap One Bedroom New Albany Apartment is $200 at Yellowwood Terrace Affordable Senior Housing.
What is the lowest price for a Cheap Two Bedroom New Albany Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Albany is starting from $845 at Courtyard Apartments.
What is the most affordable New Albany Three Bedroom Apartment?
The best deal on a cheap New Albany Three Bedroom Apartment rental is at Wellington Green and starts from $1,099.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
The 10 Best Affordable Neighborhoods for Renting in Louisville, KY
Written by: Mike Heuer
Louisville, Kentucky, founded in 1778, has grown to be the largest city in Kentucky and is a terrific city situated right along the south bank of the Ohio River.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.