Cheap Homes for Rent in Downtown New Albany Neighborhood of New Albany, IN from $700 (24 Rentals)

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Cheap Homes in the Downtown New Albany area of New Albany.

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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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. Rowan Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $777. Here are the most affordable Downtown New Albany apartments for rent in Louisville, IN:

Apartment ListingModel NameBed/BathPriced From
Brookview GlenStudioStudio,1BA$378
Rowan Place1 bedroom1BR,1BA$777
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$795
Courtyard Apartments2.1A2BR,1BA$828
Sheffield SquareOne Bedroom One Bath1BR,1BA$892

Best Value Apartments for Rent in Downtown New Albany, IN

As of May 04, 2025 the best value apartment in the Downtown New Albany area is the $1.06 price per square foot 2 Bedroom Townhome Newly Renovated Model at Lochwood Apartments in the in the Downtown New Albany neighborhood starting from $1,275. The second greatest value Downtown New Albany apartment is the 2 BEDROOM 2 BATHROOM Model at Academy Park Apartments starting at $1,250 with a $1.12 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.
Lochwood Apartments2 Bedroom Townhome Newly Renovated2BR,1.5BA$1.06
Academy Park Apartments2 BEDROOM 2 BATHROOM2BR,2BA$1.12
Sheffield SquareOne Bedroom One Bath1BR,1BA$0.92
1608 Dewey St, Unit 4-4mg1608 Dewey St2BR,1BA$1.08
Courtyard Apartments2.1A2BR,1BA$1.03
Rowan Place1 bedroom1BR,1BA$1.05
2614 W Jefferson St, Unit 42614 W Jefferson St2BR,1BA$1.08
1900 Bono Rd1900 Bono Rd1BR,1BA$1.11
3149 Vermont Ave, Unit 33149 Vermont Ave1BR,1BA$1.10
Brookview GlenStudioStudio ,1BA$0.95

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Frequently Asked Questions about Downtown New Albany

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

There are currently 116 Apartments for Rent in Downtown New Albany, IN with pricing that ranges from $378 to $1,906. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Albany ranging from $750 to $2,200.

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 $750 to $2,200 with an average monthly rent of $1,284.

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 $926 to $1,906, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $1,295.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.