Cheap Homes for Rent in Downtown New Albany Neighborhood of New Albany, IN from $400 (22 Rentals)

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

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property at 226 N 26th St

226 N 26th St

LouisvilleKY40212
Showing Results 1-22, 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 $378. 1743 Culbertson Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Downtown New Albany apartments for rent in Louisville, IN:

Apartment ListingModel NameBed/BathPriced From
Brookview GlenStudioStudio,1BA$378
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$700
Jefferson Properties2bd apartment2BR,1BA$919
Montgomery ApartmentsTwo Bedroom2BR,1BA$930
Huntley Ridge New Albany1 Bedroom 1 Bathroom1BR,1BA$949

Best Value Apartments for Rent in Downtown New Albany, IN

As of September 08, 2025 the best value apartment in the Downtown New Albany area is the $1.15 price per square foot 217 Shawnee Dr Model at 217 Shawnee Dr, Unit 217 Shawnee Dr. in the in the Parkland neighborhood starting from $3,500. The second greatest value Downtown New Albany apartment is the Two Bedroom 2.5 Bath Townhome Ridge Model at Sheffield Square starting at $1,279 with a $1.16 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.
217 Shawnee Dr, Unit 217 Shawnee Dr.217 Shawnee Dr6BR,3BA$1.15
Sheffield SquareTwo Bedroom 2.5 Bath Townhome Ridge2BR,2.5BA$1.16
The BreakwaterCoil 2B2BR,2BA$1.57
The Villas At Green ValleyVilla 1 Bed First Floor1BR,1BA$1.23
Jefferson Properties3bd apartment3BR,1BA$1.45
Huntley Ridge New Albany1 Bedroom 1 Bathroom1BR,1BA$1.27
2433 Slevin St, Unit 42433 Slevin St2BR,1BA$1.05
1900 Bono Rd1900 Bono Rd1BR,1BA$1.15
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$1.27
Brookview GlenStudioStudio ,1BA$0.95

Quick Rent Budget Calculator

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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

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

School data provided by Great Schools

Frequently Asked Questions about Downtown New Albany

What type of rentals are currently available in Downtown New Albany?

There are currently 103 Apartments for Rent in Downtown New Albany, IN with pricing that ranges from $378 to $3,500. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Albany ranging from $400 to $2,150.

What is the current price range for Rental Homes in Downtown New Albany?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown New Albany ranges from $400 to $2,150 with an average monthly rent of $1,272.

How much are larger Three and Four Bedroom Rentals in Downtown New Albany?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown New Albany range from $1,000 to $1,597, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,895. Four Bedroom Single-Family rentals are also available starting from $400 and Four Bedroom Apartments start at $1,289.

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.

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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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.