Cheap Homes for Rent in Downtown New Albany Neighborhood of New Albany, IN from $600 (31 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-31, 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 1 Bed unit found at Brookview Glen priced from $799. Jefferson Properties has the second lowest priced unit, which is a 2 Beds apartment currently listed from $917. Here are the most affordable Downtown New Albany apartments for rent in Louisville, IN:

Apartment ListingModel NameBed/BathPriced From
Brookview GlenOne Bedroom1BR,1BA$799
Jefferson Properties2bd2BR,1BA$917
Huntley Ridge New Albany2 Bedroom 1 Bathroom2BR,1BA$943
Montgomery Apartments2 Bedroom, 1 Bath2BR,1BA$1,180
The BreakwaterStarboard1BR,1BA$1,205

Best Value Apartments for Rent in Downtown New Albany, IN

As of October 24, 2025 the best value apartment in the Downtown New Albany area is the $1.08 price per square foot Two Bedroom 1.5 Bath Townhouse Model at Sheffield Square in the in the Downtown New Albany neighborhood starting from $1,227. The second greatest value Downtown New Albany apartment is the Villa 2 Bedroom Model at The Villas At Green Valley starting at $1,295 with a $1.20 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 1.5 Bath Townhouse2BR,1.5BA$1.08
The Villas At Green ValleyVilla 2 Bedroom2BR,2BA$1.20
Huntley Ridge New Albany2 Bedroom 1 Bathroom2BR,1BA$0.94
Jefferson Properties3bd apartment3BR,1BA$1.17
1608 Dewey St, Unit 2-3mg1608 Dewey St2BR,1BA$1.12
2433 Slevin St, Unit 42433 Slevin St2BR,1BA$1.01
Brookview GlenOne Bedroom1BR,1BA$1.17
1900 Bono Rd1900 Bono Rd1BR,1BA$1.15
703 E Oak St, Unit 2-1703 E Oak St1BR,1BA$1.19
115 N 46th St, Unit 4115 N 46th St1BR,1BA$1.33

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 Downtown New Albany

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

There are currently 108 Apartments for Rent in Downtown New Albany, IN with pricing that ranges from $699 to $1,867. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Albany ranging from $670 to $1,800.

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 $670 to $1,800 with an average monthly rent of $1,158.

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 $1,056 to $1,592, while Three Bedroom Homes, Condos, and Townhomes for rent range from $670 to $1,800. Four Bedroom Single-Family rentals are also available starting from $900 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.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.