Cheap Homes for Rent in Downtown New Albany Neighborhood of New Albany, IN from $600 (23 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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. 1743 Culbertson Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Downtown New Albany apartments for rent in Louisville, IN:

Apartment ListingModel NameBed/BathPriced From
Brookview GlenStudioStudio,1BA$378
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$750
Jefferson Properties2bd apartment2BR,1BA$919
Huntley Ridge New Albany2 Bedroom 1 Bathroom2BR,1BA$923
Lancaster LoftsM1BR,1BA$1,087

Best Value Apartments for Rent in Downtown New Albany, IN

As of June 20, 2025 the best value apartment in the Downtown New Albany area is the $1.34 price per square foot 310 E. Elm Unit 104 Model at Lofts on 3rd in the in the Downtown New Albany neighborhood starting from $1,350. The second greatest value Downtown New Albany apartment is the Villa 1 Bed First Floor Model at The Villas At Green Valley starting at $1,125 with a $1.23 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.
Lofts on 3rd310 E. Elm Unit 1042BR,2BA$1.34
The Villas At Green ValleyVilla 1 Bed First Floor1BR,1BA$1.23
Jefferson Properties3bd apartment3BR,1BA$1.45
1608 Dewey St, Unit 4-4mg1608 Dewey St2BR,1BA$1.12
1900 Bono Rd1900 Bono Rd1BR,1BA$1.15
703 E Oak St, Unit 2-1703 E Oak St1BR,1BA$1.19
3149 Vermont Ave, Unit 33149 Vermont Ave1BR,1BA$1.10
115 N 46th St, Unit 3115 N 46th St1BR,1BA$1.33
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$1.36
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 110 Apartments for Rent in Downtown New Albany, IN with pricing that ranges from $378 to $1,795. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Albany ranging from $695 to $2,000.

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 $2,000 with an average monthly rent of $1,181.

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 $945 to $1,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $837 to $1,695. Four Bedroom Single-Family rentals are also available starting from $910 and Four Bedroom Apartments start at $1,375.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.