Cheap Apartments for Rent in the Downtown New Albany Neighborhood of New Albany, IN from $600 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Downtown New Albany area of New Albany.

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.

Read Article
property at 1308 E Main St

$825 - $895

1 Bedroom Rentals

Available Now

1308 E Main St

New AlbanyIN47150
property at 1825 E Oak St

$895 - $1,100

1 Bedroom Rentals

Available Now

1825 E Oak 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.

Read Article
close
View Me
1743 Culbertson Ave
1 Bedroom Apartments

1743 Culbertson Ave

1743 Culbertson AveNew Albany, IN 47150
  • Utilities Included
close
View Me
St Edward Court
1 to 3 Bedroom Apartments

St Edward Court

701 E Spring StNew Albany, IN 47150
  • Utilities Included

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.

Read Article
close
View Me
St. Cecilia Apartments
1 Bedroom Apartments

St. Cecilia Apartments

2530 Slevin StLouisville, KY 40212
Senior Living
  • Utilities Included
close
View Me
Rowan Place
1 to 2 Bedroom Apartments

Rowan Place

2132 Rowan StLouisville, KY 40212
Senior Living
  • Utilities Included

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.

Read Article
Showing Results 1-28, Page 1 of 1

Downtown New Albany, New Albany, IN Local Guide

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. Willow 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 ListingModel NameBed/BathPriced From
Brookview GlenStudioStudio,1BA$699
Willow Grove Apartments1 Bed, 1 Bath Flat1BR,1BA$775
River Grove Apartments2 Bed, 1 Bath Flat2BR,1BA$885
Spring Manor Apartments2BR/1.0BA2BR,1BA$895
Jefferson Properties2bd2BR,1BA$917
Huntley Ridge New Albany2 Bedroom 1 Bathroom2BR,1BA$943
Maple Grove Apartments2 Bed, 1 Bath Flat with W/D Hook-Ups2BR,1BA$950
Sheffield SquareOne Bedroom One Bath Ridge1BR,1BA$997
St. James Place - Modern Living in the Heart of New Albany1BR/1.0BA1BR,1BA$1,025

Best Value Apartments for Rent in Downtown New Albany, IN

As of February 03, 2026 the best value apartment in the Downtown New Albany area is the $0.94 price per square foot 2 Bedroom 1 Bathroom Model at Huntley Ridge New Albany in the in the Downtown New Albany neighborhood starting from $943. The second greatest value Downtown New Albany apartment is the Villa 1 Bedroom Model at The Villas At Green Valley starting at $1,100 with a $1.21 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Huntley Ridge New Albany2 Bedroom 1 Bathroom2BR,1BA$0.94
The Villas At Green ValleyVilla 1 Bedroom1BR,1BA$1.21
Jefferson Properties3bd apartment3BR,1BA$1.17
River Grove Apartments2 Bed, 1 Bath Flat2BR,1BA$1.04
Maple Grove Apartments2 Bed, 1 Bath Flat with W/D Hook-Ups2BR,1BA$1.12
St. James Place - Modern Living in the Heart of New Albany1BR/1.0BA1BR,1BA$1.22
Sheffield SquareOne Bedroom One Bath Ridge1BR,1BA$1.33
2614 W Jefferson St, Unit 42614 W Jefferson St2BR,1BA$1.07
Spring Manor Apartments2BR/1.0BA2BR,1BA$1.27
Willow Grove Apartments1 Bed, 1 Bath Flat1BR,1BA$1.22

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 Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown New Albany, New Albany, IN

Ranked #1

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Downtown New Albany, New Albany, IN

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown New Albany Apartments

How much is rent for a Cheap One Bedroom Downtown New Albany Apartment?

The lowest price for a Cheap One Bedroom Downtown New Albany Apartment is $775 at Willow Grove Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown New Albany Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown New Albany is starting from $885 at Willow Grove Apartments.

What is the most affordable Downtown New Albany Three Bedroom Apartment?

The best deal on a cheap Downtown New Albany Three Bedroom Apartment rental is at Jefferson Properties and starts from $1,056.

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

decorative image for The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.