
Apartments for Rent in New Albany, IN Under $1,500 (157 Rentals)


Academy Park Apartments

Marvin Gardens Apartments

The Howard Residence

Adelyn Apartments

Lochwood

The Breakwater

Klerner Lane Apartments

St. James Place - 1/2 Off First and Last Month's Rent!

Total Monthly Price
Plaza Square Apartments
Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Stop driving and start living! We highlight the best Louisville neighborhoods—from Beechmont to Audubon Park—with great rentals near top job providers.

Sheffield Square

The Monroe

Huntley Ridge New Albany

Total Monthly Price
Kingsfield Luxury Apartments

Willow Grove Apartments

Stone Creek Apartments I & II

Gaslight Square Apartments

River Grove Apartments

Locust Grove Apartments

Willow Run
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.

Elm Grove Apartments

Maple Grove Apartments

Knobs Pointe Apartments

Brookview Glen

Valley Ridge

226 Clay St

3812 St Joseph Rd

525 E 8th St

1426 Chartres St

1307 E Market St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Silver Creek Commons East & West

3714 St Joseph Rd

1747 E Oak St

1307 E Market St

4239 Grantline View Ct

508 Vincennes St

2015 E Oak St

1226 Naghel St

704 Victoria Ct

1233 Vincennes St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1233 Vincennes St, Unit 3

121 E 14th St

1322 E Spring St

1409 Chartres St

2121 Culbertson Ave

Lofts on 3rd

The Commons Apartments

Town Clock Place

2830-2834 Charlestown Rd

Charlestown Crossing Apartments
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer
New Albany, IN Local Guide

How much does it cost to rent an apartment in New Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Albany Studio Apartments Under $1500 | $1,011 | $699 | $1,215 |
| New Albany 1 Bedroom Apartments Under $1500 | $938 | $200 | $1,510 |
| New Albany 2 Bedroom Apartments Under $1500 | $1,151 | $795 | $1,672 |
| New Albany 3 Bedroom Apartments Under $1500 | $1,365 | $806 | $1,950 |
| New Albany 4 Bedroom Apartments Under $1500 | $1,464 | $1,295 | $1,649 |
Browse Top Apartments in New Albany
See all Apartments in New AlbanyExplore New Albany
New Albany, IN Local Guide
- New Albany Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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
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.
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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in New Albany, IN
Slate Run Elementary School
New Albany Senior High School
Nathaniel Scribner Middle School
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 New Albany
What is the current price range for One Bedroom New Albany Apartments for rent?
Today's rental pricing for One Bedroom Apartments in New Albany ranges from $200 to $1,510 with an average monthly rent of $938.
What does renting a Two Bedroom Apartment in New Albany cost?
The monthly rent prices of Two Bedroom Apartments currently available in New Albany range from $795 to $1,672. Today's average rental price for Two Bedrooms here is $1,151.
How expensive are New Albany Three Bedroom Apartments?
There are currently 37 Three Bedroom Apartments listings available in New Albany on ApartmentHomeLiving.com. The pricing ranges from $806 to $1,950 - averaging $1,365 for the location.
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.
Helpful Local Expert Guides

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.

The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Written by: Mike Heuer
Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Written by: Mike Heuer
Kentucky is a business-friendly commonwealth, and Louisville is its largest city. It also is home to many great employers who pay well, and their workers have lots of great choices in neighborhoods to rent great apartments.
Articles, How-To's, and Tips

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.

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.

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.