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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 (20 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
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1308 E Main 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.
121 E 14th St
New AlbanyIN47150
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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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538 N 26th St
LouisvilleKY40212
2539 Bank St
LouisvilleKY40212
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Cash 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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Showing Results 1-20, 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 | $937 | $699 | $1,040 |
| Downtown New Albany 1 Bedroom Apartments | $1,063 | $775 | $1,595 |
| Downtown New Albany 2 Bedroom Apartments | $1,210 | $750 | $1,602 |
| Downtown New Albany 3 Bedroom Apartments | $1,460 | $1,050 | $1,592 |
| Downtown New Albany 4 Bedroom Apartments | $1,289 | $1,289 | $1,289 |
Browse Apartments in this Neighborhood
There are currently 20 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
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown New Albany Apartments for Rent
The cheapest available apartment rental in the Downtown New Albany area of Louisville, IN is a 1 Bed unit found at 1743 Culbertson Ave priced from $697. Brookview Glen has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Downtown New Albany apartments for rent in Louisville, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1743 Culbertson Ave | 1 Beds, 1 Baths | 1BR,1BA | $697 |
| Brookview Glen | One Bedroom | 1BR,1BA | $799 |
| Jefferson Properties | 2bd | 2BR,1BA | $917 |
| Sheffield Square | One Bedroom One Bath | 1BR,1BA | $952 |
Best Value Apartments for Rent in Downtown New Albany, IN
As of December 19, 2025 the best value apartment in the Downtown New Albany area is the $1.16 price per square foot Two Bedroom 2.5 Bath Townhome Ridge Model at Sheffield Square in the in the Downtown New Albany neighborhood starting from $1,275. The second greatest value Downtown New Albany apartment is the 2 Bedroom 1 Bathroom Model at Huntley Ridge New Albany starting at $943 with a $0.94 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. |
|---|---|---|---|
| Sheffield Square | Two Bedroom 2.5 Bath Townhome Ridge | 2BR,2.5BA | $1.16 |
| Huntley Ridge New Albany | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.94 |
| Jefferson Properties | 3bd apartment | 3BR,1BA | $1.17 |
| 1608 Dewey St, Unit 2-3MG | 1608 Dewey St | 2BR,1BA | $1.12 |
| 210 E 13th St, Unit 1-MS | 210 E 13th St | 2BR,1BA | $1.04 |
| 2433 Slevin St, Unit 4 | 2433 Slevin St | 2BR,1BA | $1.01 |
| 1002 E Main St, Unit 2MR | 1002 E Main St | 1BR,1BA | $1.11 |
| Brookview Glen | One Bedroom | 1BR,1BA | $1.17 |
| 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 |
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 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.
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If you’re an expert on all things Downtown New Albany, tell us what you love (and don't) by rating it and writing a review.
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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-4 (208)
6 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
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 1743 Culbertson Ave which is listed at $697, 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 $625 which is $925 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!