Cheap Homes for Rent in New Albany, IN from $600 (38 Rentals)

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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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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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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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Showing Results 1-38, Page 1 of 1

New Albany, IN Local Guide

Cheapest Available New Albany Apartments for Rent

 

The cheapest available apartment rental in New Albany, IN is a 1 Bed unit found at Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood priced from $200. Townsquare Apartments in the Southern Indiana neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable New Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$200
Townsquare Apartmentsgarden apartment1BR,1BA$750
Huntley Ridge Clarksville1 Bedroom 1 Bathroom with Balcony1BR,1BA$770
Stone Creek Apartments I & II1 Bed 1 Bath1BR,1BA$775
Brookview GlenOne Bedroom1BR,1BA$799
Madison Apartments2 Bedroom2BR,1BA$819

Best Value Apartments for Rent in New Albany, IN

As of October 25, 2025 the best value apartment in the New Albany area is the $0.91 price per square foot 2BR/2.0BA Model at Lochwood Apartments in the in the Southern Indiana neighborhood starting from $1,365. The second greatest value New Albany apartment is the 2101 Saint Xavier St Model at 2101 Saint Xavier St, Unit 1F starting at $895 with a $0.81 price per square foot in the Portland neighborhood. Here is today’s list of the best values for New Albany apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lochwood Apartments2BR/2.0BA2BR,2BA$0.91
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Huntley Ridge New Albany2 Bedroom 1 Bathroom2BR,1BA$0.94
Plaza Square Apartments2x12BR,1BA$1.00
2739 Edgewood Ln2739 Edgewood Ln1BR,1BA$1.06
Kingsfield Luxury ApartmentsOne Bedroom1BR,1BA$0.94
Madison Apartments2 Bedroom2BR,1BA$1.02
Huntley Ridge Clarksville1 Bedroom 1 Bathroom with Balcony1BR,1BA$1.03
2433 Slevin St, Unit 42433 Slevin St2BR,1BA$1.01
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com

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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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New Albany, IN

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about New Albany

What type of rentals are currently available in New Albany?

There are currently 239 Apartments for Rent in New Albany, IN with pricing that ranges from $200 to $1,867. There are also 114 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Albany ranging from $670 to $2,500.

What is the current price range for Rental Homes in New Albany?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Albany ranges from $670 to $2,500 with an average monthly rent of $1,249.

How much are larger Three and Four Bedroom Rentals in New Albany?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New Albany range from $895 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $670 to $1,800. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $850.

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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.