2614 W Jefferson St
LouisvilleKY40212
Cheap Homes for Rent in Downtown New Albany Neighborhood of New Albany, IN from $600 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown New Albany area of New Albany.
2718 W Jefferson St
LouisvilleKY40212
2718 W Jefferson St
LouisvilleKY40212
1940 Center St
New AlbanyIN47150
2925 Slevin St
LouisvilleKY40212
2925 Slevin St
LouisvilleKY40212
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
112 Boston Ct
LouisvilleKY40212
3416 W Main St
LouisvilleKY40212
421 S 27th St
LouisvilleKY40212
421 S 27th St
LouisvilleKY40212
451 N 25th St
LouisvilleKY40212
2216 W Main St
LouisvilleKY40212
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.
212 N 25th St
LouisvilleKY40212
4435 Parker Ave
LouisvilleKY40212
2512 Cedar St
LouisvilleKY40212
214 N 24th St
LouisvilleKY40212
2722 Portland Ave
LouisvilleKY40212
1307 E Market St
New AlbanyIN47150
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.
2623 Cedar St
LouisvilleKY40212
Showing Results 1-19, 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 | $1,069 | $775 | $1,440 |
| Downtown New Albany 3 Bedroom Homes for Rent | $1,248 | $875 | $2,300 |
| Downtown New Albany 4 Bedroom Homes for Rent | $1,411 | $1,235 | $1,500 |
| Downtown New Albany 5 Bedroom Homes for Rent | $1,700 | $1,700 | $1,700 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 19 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
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- School Districts
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 $719. Jefferson Properties has the second lowest priced unit, which is a 2 Beds apartment currently listed from $900. Here are the most affordable Downtown New Albany apartments for rent in Louisville, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookview Glen | Studio | Studio,1BA | $719 |
| Jefferson Properties | 2bd Apartment | 2BR,1BA | $900 |
| Huntley Ridge New Albany | Willow | 2BR,1BA | $935 |
| Valley Ridge | Two Bedroom Townhome | 2BR,1BA | $983 |
| The Breakwater | Beacon | Studio,1BA | $1,085 |
Best Value Apartments for Rent in Downtown New Albany, IN
As of June 12, 2026 the best value apartment in the Downtown New Albany area is the $1.20 price per square foot 3 Bedroom, 2 Bath Model at Montgomery Apartments in the in the Portland neighborhood starting from $1,295. The second greatest value Downtown New Albany apartment is the Willow Model at Huntley Ridge New Albany starting at $935 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Montgomery Apartments | 3 Bedroom, 2 Bath | 3BR,2BA | $1.20 |
| Huntley Ridge New Albany | Willow | 2BR,1BA | $0.94 |
| Valley Ridge | Two Bedroom Townhome | 2BR,1BA | $1.03 |
| Jefferson Properties | 3bd Apartment | 3BR,1BA | $1.17 |
| St. James Place | 1BR/1.0BA | 1BR,1BA | $1.31 |
| 2433 Slevin St, Unit 2 | 2433 Slevin St | 3BR,1BA | $1.09 |
| The Howard Residence | 1 Bedroom | 1BR,1BA | $1.50 |
| 2614 W Jefferson St, Unit 4 | 2614 W Jefferson St | 2BR,1BA | $1.07 |
| 3149 Vermont Ave, Unit 3149 Vermont Ave | 3149 Vermont Ave | 2BR,1BA | $0.99 |
| Lancaster Lofts | B3 | 1BR,1BA | $1.71 |
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
Real 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.
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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 (208)
6 out of 10
New Albany Senior High School
New Albany-Floyd County Con Sch
Public School - Grades 9-12 (1812)
7 out of 10
Nathaniel Scribner Middle School
New Albany-Floyd County Con Sch
Public School - Grades K-8 (902)
5 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 128 Apartments for Rent in Downtown New Albany, IN with pricing that ranges from $681 to $1,660. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Albany ranging from $695 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 $695 to $2,300 with an average monthly rent of $1,251.
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 $806 to $1,585, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,235 and Four Bedroom Apartments start at $1,160.
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
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.
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.
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.
Bourbon, Baseball, and the Blues: Your Insiders 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.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.