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$699 - $899Studio to 2 Bedroom Apartments Available Now
Brookview Glen
1810 Graybrook LnNew Albany, IN 47150
Cheap Apartments for Rent in New Albany, IN from $300 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in New Albany.
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1 Bedroom Apartments
1743 Culbertson Ave
1743 Culbertson AveNew Albany, IN 47150
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Rent Specials
$200 - $1,0091 Bedroom Apartments Available Now
Yellowwood Terrace Affordable Senior Housing
2100 Greentree NClarksville, IN 47129
2130 Portland Ave
LouisvilleKY40212
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$6951 Bedroom Apartment Available Now
3124 Vermont Ave
3124 Vermont AveLouisville, KY 40211
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.
3124 Vermont Ave
LouisvilleKY40211
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$699
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$699
Total Monthly Price
$699
2409 Rowan St, Unit 3
2409 Rowan StLouisville, KY 40212
2409 Rowan St
LouisvilleKY40212
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Studio to 2 Bedroom Apartments
Stephen Foster Senior Living
4020 Garland AveLouisville, KY 40211
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1 to 3 Bedroom Apartments
West Louisville - 4600 W Broadway
4600 W BroadwayLouisville, KY 40211
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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1 Bedroom Apartments
St. Cecilia Apartments
2530 Slevin StLouisville, KY 40212
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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 | $940 | $699 | $1,100 |
| Cheap New Albany 1 Bedroom Apartments | $959 | $200 | $1,750 |
| Cheap New Albany 2 Bedroom Apartments | $1,084 | $675 | $1,652 |
| Cheap New Albany 3 Bedroom Apartments | $1,404 | $1,116 | $1,850 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in New Albany
See all Apartments in New AlbanyExplore New Albany
New Albany, IN Local Guide
Written By:
Staff Writer Local Guide Expert
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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 $699. 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 | $699 |
| Knobs Pointe Apartments | 1 Bedroom 1 Bath B | 1BR,1BA | $740 |
| Willow Grove Apartments | 1 Bed, 1 Bath Flat | 1BR,1BA | $775 |
| Flats of Greentree | 704 | 1BR,1BA | $795 |
Best Value Apartments for Rent in New Albany, IN
As of February 25, 2026 the best value apartment in the New Albany area is the $0.91 price per square foot 2BR/2.0BA Model at Lochwood Apartments in the in the Southern Indiana neighborhood starting from $1,365. The second greatest value New Albany apartment is the 3 Bed 2 Bath Single Section Model at Wellington Green starting at $1,229 with a $0.96 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 | $0.91 |
| Wellington Green | 3 Bed 2 Bath Single Section | 3BR,2BA | $0.96 |
| Academy Park Apartments | 2 BEDROOM 2 BATHROOM | 2BR,2BA | $1.03 |
| 1723 Grant Line Rd, Unit #9 | 1723 Grant Line Rd | 2BR,1BA | $0.85 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Huntley Ridge Townhomes | Norfolk Townhome | 2BR,1.5BA | $0.94 |
| Kingsfield Luxury Apartments | One Bedroom | 1BR,1BA | $0.94 |
| River Grove Apartments | 2 Bed, 1 Bath Flat | 2BR,1BA | $1.04 |
| Knobs Pointe Apartments | 1 Bedroom 1 Bath B | 1BR,1BA | $0.87 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleThe Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com
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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
Slate Run Elementary School
New Albany-Floyd County Con Sch
Public School - Grades PK-4 (358)
7 out of 10
New Albany Senior High School
New Albany-Floyd County Con Sch
Public School - Grades 9-12 (1812)
7 out of 10
Nathaniel Scribner Middle School
New Albany-Floyd County Con Sch
Public School - Grades 5-8 (902)
5 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
Frequently Asked Questions about Cheap New Albany Apartments
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 Courtyard Apartments and starts from $1,116.
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
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.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.