2431 St Xavier St
LouisvilleKY40212
Cheap Homes for Rent in the 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
3149 Vermont Ave
LouisvilleKY40211
112 Boston Ct
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.
117 N 29th St
LouisvilleKY40212
3612 W Muhammad Ali Blvd
LouisvilleKY40212
335 S Shawnee Terrace
LouisvilleKY40212
421 S 27th St
LouisvilleKY40212
2512 Cedar St
LouisvilleKY40212
4435 Parker 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.
214 N 24th St
LouisvilleKY40212
2213 W Market St
LouisvilleKY40212
608 E 8th St
New AlbanyIN47150
3618 Bank St
LouisvilleKY40212
3911 Larkwood Ave
LouisvilleKY40212
2331 Cedar St
LouisvilleKY40212
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
123 S 46th 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 | $1,032 | $750 | $1,300 |
| Downtown New Albany 3 Bedroom Homes for Rent | $1,299 | $900 | $1,845 |
| Downtown New Albany 4 Bedroom Homes for Rent | $1,347 | $910 | $1,800 |
| Downtown New Albany 5 Bedroom Homes for Rent | $1,398 | $1,300 | $1,595 |
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
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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. 2411-2415 Charlestown Rd has the second lowest priced unit, which is a 2 Beds apartment currently listed from $895. 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 |
| 2411-2415 Charlestown Rd | 2BR/1.0BA | 2BR,1BA | $895 |
| Jefferson Properties | 2bd Apartment | 2BR,1BA | $900 |
| Sheffield Square | One Bedroom One Bath | 1BR,1BA | $1,031 |
| Montgomery Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1,099 |
Best Value Apartments for Rent in Downtown New Albany, IN
As of July 30, 2026 the best value apartment in the Downtown New Albany area is the $1.24 price per square foot Three Bedroom 1.5 Bath Townhouse Model at Sheffield Square in the in the New Albany neighborhood starting from $1,612. The second greatest value Downtown New Albany apartment is the Three Bedroom Townhome Model at Valley Ridge starting at $1,161 with a $1.02 price per square foot in the 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. |
|---|---|---|---|
| Sheffield Square | Three Bedroom 1.5 Bath Townhouse | 3BR,1.5BA | $1.24 |
| Valley Ridge | Three Bedroom Townhome | 3BR,1BA | $1.02 |
| Jefferson Properties | 3bd Apartment | 3BR,1BA | $1.17 |
| Montgomery Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.26 |
| St. James Place Apartments | 1BR/1.0BA | 1BR,1BA | $1.31 |
| 2433 Slevin St, Unit 2 | 2433 Slevin St | 3BR,1BA | $1.03 |
| 3149 Vermont Ave, Unit 4 | 3149 Vermont Ave | 2BR,1BA | $1.00 |
| 2411-2415 Charlestown Rd | 2BR/1.0BA | 2BR,1BA | $1.19 |
| 2614 W Jefferson St, Unit 4 | 2614 W Jefferson St | 2BR,1BA | $1.07 |
| 2431 Saint Xavier St, Unit 3 | 2431 Saint Xavier St | 1BR,1BA | $1.04 |
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 (243)
6 out of 10
New Albany Senior High School
New Albany-Floyd County Con Sch
Public School - Grades 9-12 (1821)
7 out of 10
Nathaniel Scribner Middle School
New Albany-Floyd County Con Sch
Public School - Grades K-8 (941)
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 126 Apartments for Rent in Downtown New Albany, IN with pricing that ranges from $681 to $1,835. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Albany ranging from $699 to $1,845.
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 $699 to $1,845 with an average monthly rent of $1,180.
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 $1,612, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $1,845. Four Bedroom Single-Family rentals are also available starting from $910 and Four Bedroom Apartments start at $1,150.
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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.