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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 the Downtown New Albany Neighborhood of New Albany, IN from $600 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown New Albany area of New Albany.
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$745 - $1,0451 to 2 Bedroom Apartments Available Now
Elm Grove Apartments
905 E Elm StNew Albany, IN 47150
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$745 - $1,045Studio to 2 Bedroom Apartments Available May 14
Maple Grove Apartments
1612 Dewey StNew Albany, IN 47150
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$775 - $1,0451 to 2 Bedroom Apartments Available Apr 22
Gaslight Square Apartments
1808 Bono RdNew Albany, IN 47150
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$775 - $1,1351 to 2 Bedroom Apartments Contact Us For Availability
River Grove Apartments
1002 E Main StNew Albany, IN 47150
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$795 - $1,2851 to 2 Bedroom Apartments Available Now
Willow Grove Apartments
1801 Ekin AveNew Albany, IN 47150
310 E 14th St
New AlbanyIN47150
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.
1322 E Spring St
New AlbanyIN47150
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Rent Specials
$870 - $1,045
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$785 - $960
Required Monthly Fees
$85
Total Monthly Price
$870 - $1,045
Huntley Ridge New Albany
2313 Grant Line RdNew Albany, IN 47150
2121 Culbertson Ave
New AlbanyIN47150
121 E 14th St
New AlbanyIN47150
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1 Bedroom Apartments
1743 Culbertson Ave
1743 Culbertson AveNew Albany, IN 47150
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1 to 3 Bedroom Apartments
St Edward Court
701 E Spring StNew Albany, IN 47150
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2 Bedroom Apartments
Spring Manor Apartments
2229 Spring AveNew Albany, IN 47150
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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$699
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$699
Total Monthly Price
$699
2409 Rowan St, Unit 3
2409 Rowan StLouisville, KY 40212
2409 Rowan St
LouisvilleKY40212
2539 Bank St
LouisvilleKY40212
2614 W Jefferson St
LouisvilleKY40212
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$7952 Bedroom Apartment Available Now
2614 W Jefferson St, Unit 4
2614 W Jefferson StLouisville, KY 40212
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1 Bedroom Apartments
St. Cecilia Apartments
2530 Slevin StLouisville, KY 40212
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1 to 2 Bedroom Apartments
Shawnee Garden Apartments I & II
225 S 42nd StLouisville, KY 40212
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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2 to 3 Bedroom Apartments
West Louisville - 318 Cecil
318 Cecil AveLouisville, KY 40212
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1 to 2 Bedroom Apartments
Rowan Place
2132 Rowan StLouisville, KY 40212
Showing Results 1-23, Page 1 of 1
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 | $1,030 | $699 | $1,250 |
| Downtown New Albany 1 Bedroom Apartments | $999 | $699 | $1,585 |
| Downtown New Albany 2 Bedroom Apartments | $1,154 | $795 | $1,627 |
| Downtown New Albany 3 Bedroom Apartments | $1,246 | $926 | $1,560 |
| Downtown New Albany 4 Bedroom Apartments | $1,289 | $1,289 | $1,289 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Downtown New Albany Neighborhood of New Albany, IN.
See all Apartments in New AlbanyExplore New Albany
Downtown New Albany, New Albany, IN Local Guide
- Nearby New Albany neighborhoods
- Nearby Cities
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Cheapest Available Downtown New Albany Apartments for Rent
The cheapest available apartment rental in the Downtown New Albany area of Louisville, IN is a Studio unit found at Brookview Glen priced from $699. Elm Grove Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Downtown New Albany apartments for rent in Louisville, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookview Glen | Studio | Studio,1BA | $699 |
| Elm Grove Apartments | 1 Bed, 1 Bath Flat | 1BR,1BA | $775 |
| Willow Grove Apartments | 1 Bed, 1 Bath Flat | 1BR,1BA | $795 |
| Huntley Ridge New Albany | 1 Bedroom 1 Bathroom | 1BR,1BA | $870 |
| Jefferson Properties | 2bd Apartment | 2BR,1BA | $917 |
Best Value Apartments for Rent in Downtown New Albany, IN
As of March 21, 2026 the best value apartment in the Downtown New Albany area is the $1.32 price per square foot Villa 1 Bedroom Model at The Villas At Green Valley in the in the Downtown New Albany neighborhood starting from $1,200. The second greatest value Downtown New Albany apartment is the 3bd Apartment Model at Jefferson Properties starting at $1,056 with a $1.17 price per square foot in the Downtown Louisville neighborhood. Here is today’s list of the best values for Downtown New Albany apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Villas At Green Valley | Villa 1 Bedroom | 1BR,1BA | $1.32 |
| Jefferson Properties | 3bd Apartment | 3BR,1BA | $1.17 |
| Montgomery Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.26 |
| Willow Grove Apartments | 2 Bed, 1 Bath w/WD | 2BR,1BA | $1.25 |
| The Howard Residence | 1 Bedroom | 1BR,1BA | $1.50 |
| Huntley Ridge New Albany | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.16 |
| Sheffield Square | One Bedroom One Bath Ridge | 1BR,1BA | $1.28 |
| 2614 W Jefferson St, Unit 4 | 2614 W Jefferson St | 2BR,1BA | $1.07 |
| 2409 Rowan St, Unit 3 | 2409 Rowan St | 1BR,1BA | $1.08 |
| Elm Grove Apartments | 1 Bed, 1 Bath Flat | 1BR,1BA | $1.19 |
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.
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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.
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.
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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-Floyd County Con Sch
Public School - Grades PK-5 (0)
6 out of 10
New Albany Senior High School
New Albany-Floyd County Con Sch
Public School - Grades 9-12 (0)
7 out of 10
Nathaniel Scribner Middle School
New Albany-Floyd County Con Sch
Public School - Grades K-8 (0)
5 out of 10
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 Elm Grove Apartments which is listed at $775, while the average apartment in Downtown New Albany costs $1,295.
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 15 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 $649 which is $646 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.
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.