Cheap 3 Bedroom Apartments for Rent in the Downtown New Albany Neighborhood of New Albany, IN from $1,050 (1 Rental)
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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.
Downtown New Albany, New Albany, IN Local Guide

How much does it cost to rent an apartment in Downtown New Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown New Albany Studio Apartments | $926 | $699 | $1,015 |
| Downtown New Albany 1 Bedroom Apartments | $1,051 | $695 | $1,625 |
| Downtown New Albany 2 Bedroom Apartments | $1,190 | $750 | $1,602 |
Downtown New Albany 3 Bedroom Apartments | $1,450 | $1,050 | $1,592 |
| Downtown New Albany 4 Bedroom Apartments | $1,289 | $1,289 | $1,289 |
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Downtown New Albany, New Albany, IN Local Guide
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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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Read ArticleQuick Rent Budget Calculator
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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.
Pet Friendly LifestyleDowntown New Albany, New Albany, IN
Ranked #1
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Downtown New Albany, New Albany, IN
S Ellen Jones Elementary School
New Albany Senior High School
Nathaniel Scribner Middle School
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown New Albany Apartments
What is the price of a cheap apartment in Downtown New Albany?
The cheapest apartment in Downtown New Albany is Jefferson Properties which is listed at $1,056, while the average apartment in Downtown New Albany costs $1,550.
What types of apartments are the cheapest in Downtown New Albany?
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 8 regular apartments in Downtown New Albany 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 Downtown New Albany?
Cheap apartments in Downtown New Albany have an average cost of $637 which is $913 cheaper than the average rent for all rentals in Downtown New Albany.
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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
