Cheap Homes for Rent in Downtown New Albany Neighborhood of New Albany, IN from $600 (18 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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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 3409 Vermont Ave

3409 Vermont Ave

LouisvilleKY40211
property at 2821 Rowan St

2821 Rowan St

LouisvilleKY40212

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-18, 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 1743 Culbertson Ave priced from $697. Brookview Glen has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Downtown New Albany apartments for rent in Louisville, IN:

Apartment ListingModel NameBed/BathPriced From
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$697
Brookview GlenOne Bedroom1BR,1BA$799
Jefferson Properties2bd2BR,1BA$917
Sheffield SquareOne Bedroom One Bath1BR,1BA$952

Best Value Apartments for Rent in Downtown New Albany, IN

As of December 08, 2025 the best value apartment in the Downtown New Albany area is the $1.16 price per square foot Villa 2 Bed Deluxe First Floor Model at The Villas At Green Valley in the in the Downtown New Albany neighborhood starting from $1,350. The second greatest value Downtown New Albany apartment is the Two Bedroom 2.5 Bath Townhome Ridge Model at Sheffield Square starting at $1,301 with a $1.18 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.
The Villas At Green ValleyVilla 2 Bed Deluxe First Floor2BR,2BA$1.16
Sheffield SquareTwo Bedroom 2.5 Bath Townhome Ridge2BR,2.5BA$1.18
Jefferson Properties3bd apartment3BR,1BA$1.17
1608 Dewey St, Unit 2-3MG1608 Dewey St2BR,1BA$1.12
210 E 13th St, Unit 1-MS210 E 13th St2BR,1BA$1.04
2433 Slevin St, Unit 42433 Slevin St2BR,1BA$1.01
1002 E Main St, Unit 2MR1002 E Main St1BR,1BA$1.11
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

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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

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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.

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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 111 Apartments for Rent in Downtown New Albany, IN with pricing that ranges from $650 to $1,600. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Albany ranging from $649 to $1,600.

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 $1,600 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 $1,050 to $1,592, while Three Bedroom Homes, Condos, and Townhomes for rent range from $779 to $1,372. 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.

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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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!