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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 the Downtown New Albany Neighborhood of New Albany, IN from $300 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown New Albany area of New Albany.
1201 Dewey St
New AlbanyIN47150
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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from $7501 Bedroom Apartments Available Now
1743 Culbertson Ave
1743 Culbertson AveNew Albany, IN 47150
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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.
2614 W Jefferson St
LouisvilleKY40212
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from $7781 to 3 Bedroom Apartments Available Now
Courtyard Apartments
1815 Greentree BlvdClarksville, IN 47129
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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.
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Showing Results 1-15, 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 | $904 | $378 | $1,040 |
| Downtown New Albany 1 Bedroom Apartments | $974 | $549 | $1,485 |
| Downtown New Albany 2 Bedroom Apartments | $1,230 | $649 | $1,699 |
| Downtown New Albany 3 Bedroom Apartments | $1,289 | $925 | $1,906 |
| Downtown New Albany 4 Bedroom Apartments | $1,375 | $1,375 | $1,375 |
Browse Apartments in this Neighborhood
There are currently 15 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
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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 $378. 1743 Culbertson Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. 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 | $378 |
| 1743 Culbertson Ave | 1 Beds, 1 Baths | 1BR,1BA | $750 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $778 |
| Jefferson Properties | 2bd apartment | 2BR,1BA | $919 |
| The Eclipse in Russell | One Bedroom | 1BR,1BA | $1,004 |
Best Value Apartments for Rent in Downtown New Albany, IN
As of June 12, 2025 the best value apartment in the Downtown New Albany area is the $1.06 price per square foot 2 Bedroom Townhome Newly Renovated Model at Lochwood Apartments in the in the Downtown New Albany neighborhood starting from $1,275. The second greatest value Downtown New Albany apartment is the 2 BEDROOM 2 BATHROOM Model at Academy Park Apartments starting at $1,250 with a $1.12 price per square foot in the Downtown New Albany 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. |
|---|---|---|---|
| Lochwood Apartments | 2 Bedroom Townhome Newly Renovated | 2BR,1.5BA | $1.06 |
| Academy Park Apartments | 2 BEDROOM 2 BATHROOM | 2BR,2BA | $1.12 |
| The Monroe | 2 Bedroom One & One Half Bathroom Deluxe | 2BR,1.5BA | $1.16 |
| Sheffield Square | Two Bedroom Two Bath Ridge | 2BR,2BA | $1.06 |
| The Villas At Green Valley | Villa 1 Bed First Floor | 1BR,1BA | $1.23 |
| 1608 Dewey St, Unit 4-4mg | 1608 Dewey St | 2BR,1BA | $1.12 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $1.13 |
| 1900 Bono Rd | 1900 Bono Rd | 1BR,1BA | $1.15 |
| 703 E Oak St, Unit 2-1 | 703 E Oak St | 1BR,1BA | $1.19 |
| Brookview Glen | Studio | Studio ,1BA | $0.95 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown New Albany, New Albany, IN
Ranked #1
Among neighborhoods in New Albany, IN 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-4 (208)
6 out of 10
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
Getting Around the Downtown New Albany Neighborhood in New Albany, IN
Walk Score®
81 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
55 / 100
Bikeable
Some bike infrastructure
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 Downtown New Albany Apartments
What is the price of a cheap apartment in Downtown New Albany?
The cheapest apartment in Downtown New Albany is Brookview Glen which is listed at $549, while the average apartment in Downtown New Albany costs $1,375.
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 7 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 $143 which is $1,232 cheaper than the average rent for all rentals in Downtown New Albany.
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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.