Cheap Homes for Rent in Downtown New Albany Neighborhood of New Albany, IN from $600 (29 Rentals)

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Search the lowest-cost Homes 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.

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property at 3409 Vermont Ave

$850

3 Bedroom, 1 Bath Home for Rent

Available Now

3409 Vermont Ave

LouisvilleKY40211

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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property at 214 N 24th St

$920

3 Bedroom, 1.5 Bath Home for Rent

Available Now

214 N 24th St

LouisvilleKY40212

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.

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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 1-29, Page 1 of 1

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 Brookview Glen priced from $799. River Grove Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $885. Here are the most affordable Downtown New Albany apartments for rent in Louisville, IN:

Apartment ListingModel NameBed/BathPriced From
Brookview GlenOne Bedroom1BR,1BA$799
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
Sheffield SquareOne Bedroom One Bath1BR,1BA$1,022
St. James Place - Modern Living in the Heart of New Albany1BR/1.0BA1BR,1BA$1,025
The Villas At Green ValleyVilla 1 Bedroom1BR,1BA$1,100

Best Value Apartments for Rent in Downtown New Albany, IN

As of January 23, 2026 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sheffield SquareTwo Bedroom 2.5 Bath Townhome Ridge2BR,2.5BA$1.16
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
St. James Place - Modern Living in the Heart of New Albany1BR/1.0BA1BR,1BA$1.22
2614 W Jefferson St, Unit 42614 W Jefferson St2BR,1BA$1.07
Spring Manor Apartments2BR/1.0BA2BR,1BA$1.27
Brookview GlenOne Bedroom1BR,1BA$1.17
115 N 46th St, Unit 1115 N 46th St1BR,1BA$1.29

Frequently Asked Questions about Downtown New Albany

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

There are currently 118 Apartments for Rent in Downtown New Albany, IN with pricing that ranges from $695 to $1,850. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Albany ranging from $649 to $2,100.

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 $649 to $2,100 with an average monthly rent of $1,151.

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 $1,050 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $779 to $1,850. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $1,289.

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.

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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.