
Apartments for Rent in the Downtown New Albany Neighborhood of New Albany, IN Under $1,500 (98 Rentals)


The Breakwater

Sheffield Square

Marvin Gardens Apartments

St. James Place - 1/2 Off First and Last Month's Rent!

Huntley Ridge New Albany

Valley Ridge

Brookview Glen

The Howard Residence

River Grove Apartments
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.

Maple Grove Apartments

Gaslight Square Apartments

Willow Grove Apartments

Elm Grove Apartments

337 E 15th St, Unit #2, Unit #2

1233 Vincennes St, Unit 3

1411 McDonald Ave

1411 McDonald Ave

1426 Chartres St

1411 McDonald Ave
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.

226 Clay St

1411 McDonald Ave

121 E 14th St

508 Vincennes St

2015 E Oak St

1226 Naghel St

1233 Vincennes St

1409 Chartres St

901 E Oak St

812 Culbertson Ave

2121 Culbertson Ave

Lofts on 3rd

Town Clock Place

Lancaster Lofts

Sheffield Square Apartments

Spring Manor Apartments

St Edward Court

1743 Culbertson Ave

Jefferson Properties

Montgomery Apartments

Total Monthly Price
2409 Rowan St, Unit 3, Unit 3

2614 W Jefferson St, Unit 4, Unit 4

2708 W Main St

123 S 46th St

331 N 26th St

2722 Portland Ave

421 S 27th St

302 Cecil Ave

2906 Montgomery St

3901 Jewell Ave
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 | $1,018 | $719 | $1,215 |
| Downtown New Albany 1 Bedroom Apartments | $976 | $681 | $1,510 |
| Downtown New Albany 2 Bedroom Apartments | $1,143 | $795 | $1,607 |
| Downtown New Albany 3 Bedroom Apartments | $1,283 | $806 | $1,612 |
| Downtown New Albany 4 Bedroom Apartments | $1,273 | $1,150 | $1,449 |
Browse Apartments in this Neighborhood
There are currently 98 rentals with your search options within a 2 mile radius of the Downtown New Albany Neighborhood of New Albany, IN.
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Downtown New Albany, New Albany, IN Local Guide
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
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 Downtown New Albany
How much are Studio apartments in Downtown New Albany?
There are currently 38 Studio Apartments in Downtown New Albany with rent ranges from $719 to $1,215 with an average price of $1,018.
What is the current price range for One Bedroom Downtown New Albany Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Downtown New Albany ranges from $681 to $1,510 with an average monthly rent of $976.
What does renting a Two Bedroom Apartment in Downtown New Albany cost?
The monthly rent prices of Two Bedroom Apartments currently available in Downtown New Albany range from $795 to $1,607. Today's average rental price for Two Bedrooms here is $1,143.
How expensive are Downtown New Albany Three Bedroom Apartments?
There are currently 18 Three Bedroom Apartments listings available in Downtown New Albany on ApartmentHomeLiving.com. The pricing ranges from $806 to $1,612 - averaging $1,283 for the location.
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.
Helpful Local Expert Guides

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 Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Written by: Mike Heuer
Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Written by: Mike Heuer
Kentucky is a business-friendly commonwealth, and Louisville is its largest city. It also is home to many great employers who pay well, and their workers have lots of great choices in neighborhoods to rent great apartments.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.