2431 St Xavier St
LouisvilleKY40212
Cheap Homes for Rent in the Downtown New Albany Neighborhood of New Albany, IN from $675 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown New Albany area of New Albany.
3149 Vermont Ave
LouisvilleKY40211
1940 Center St
New AlbanyIN47150
112 Boston Ct
LouisvilleKY40212
3414 W Main St
LouisvilleKY40212
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
3706 W Muhammad Ali Blvd
LouisvilleKY40212
319 N 32nd St
LouisvilleKY40212
4435 Parker Ave
LouisvilleKY40212
2213 W Market St
LouisvilleKY40212
3911 Larkwood Ave
LouisvilleKY40212
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
416 Louis Coleman Jr Drive
LouisvilleKY40212
Showing Results 1-11, Page 1 of 1
Downtown New Albany, New Albany, IN Local Guide
How much does it cost to rent a home in Downtown New Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown New Albany 2 Bedroom Homes for Rent | $1,054 | $750 | $1,400 |
| Downtown New Albany 3 Bedroom Homes for Rent | $1,333 | $900 | $1,825 |
| Downtown New Albany 4 Bedroom Homes for Rent | $1,471 | $910 | $2,300 |
| Downtown New Albany 5 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Downtown New Albany Neighborhood of New Albany, IN.
Explore New Albany
Downtown New Albany, New Albany, IN Local Guide
- Nearby New Albany neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Downtown New Albany Homes for Rent
The cheapest available rental home in the Downtown New Albany area of Louisville, IN is a 2 Beds home found at 630 W 8th St priced from $1,020. 459 S 41st St has the second lowest priced home, which is a 4 Beds rental home currently listed from $1,198. Here are the most affordable Downtown New Albany homes for rent in Louisville, IN:
| Home Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 630 W 8th St | 630 W 8th St | 2BR, 1BA | $1,020 |
| 459 S 41st St | 459 S 41st St | 4BR, 2BA | $1,198 |
| 117 N 46th St | 117 N 46th St | 4BR, 1BA | $1,650 |
Best Value Homes for Rent in Downtown New Albany, IN
As of September 22, 2026 the best value rental home in the Downtown New Albany area is the $0.61 price per square foot 459 S 41st St Model at 459 S 41st St in the Portland neighborhood starting from $1,198. The second greatest value Downtown New Albany rental home is the 122 S Longworth Ave Model at 122 S Longworth Ave in the Parkland neighborhood starting at $1,195 with a $0.78 price per square foot. Here is today’s list of the best values for Downtown New Albany homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 459 S 41st St | 459 S 41st St | 4BR, 2BA | $0.61 |
| 122 S Longworth Ave | 122 S Longworth Ave | 4BR, 2BA | $0.78 |
| 117 N 46th St | 117 N 46th St | 4BR, 1BA | $1.14 |
| 630 W 8th St | 630 W 8th St | 2BR, 1BA | $0.99 |
| 331 N 26th St | 331 N 26th St | 2BR, 1BA | $1.30 |
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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read Article
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.
Let everyone know!
Do you know the Downtown New Albany area?
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.
Write a Review
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-5 (243)
3 out of 10
New Albany Senior High School
New Albany-Floyd County Con Sch
Public School - Grades 9-12 (1821)
4 out of 10
Nathaniel Scribner Middle School
New Albany-Floyd County Con Sch
Public School - Grades K-8 (941)
7 out of 10
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 122 Apartments for Rent in Downtown New Albany, IN with pricing that ranges from $495 to $1,625. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Albany ranging from $675 to $2,300.
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 $675 to $2,300 with an average monthly rent of $1,234.
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
Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky
Written by: Mike Heuer
Louisville is one great city in which to visit, live, work, and raise a family. It has excellent and reasonably affordable housing, great neighborhoods, and a whole lot more to offer its residents and visitors alike.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.