
Cheap Homes for Rent in New Albany, IN from $600 (32 Rentals)
Search the lowest-cost Homes available for rent right now in New Albany.


2223 Mayflower Manor

669 S 35th St

1002 E Main St

1003 Harrison Ave

1003 W Harrison Ave

214 E 13th St
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.

714 S 42nd St

216 E 13th St

1913 Baird St

3502 W Broadway

2904 Duncan St

2509 St Xavier St
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.

2519 W Jefferson St

4501 Sunset Ave

4306 Hale Ave

2404 Montgomery St

819 S 40th St

214 N 24th St

214 S 24th St

1050 S 43rd St

126 N Longworth Ave

3606 W Muhammad Ali Blvd

3606 W Muhammad Ali Blvd
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.

2814 W Muhammad Ali Blvd

2814 W Muhammad Ali Blvd

214 N 24th St

614 E Oak St

2821 Rowan St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

2821 Rowan St

1711 Baird St

2658 Rowan St
New Albany, IN Local Guide

How much does it cost to rent a home in New Albany?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
New Albany 2 Bedroom Homes for Rent | $1,082 | $750 | $2,000 |
New Albany 3 Bedroom Homes for Rent | $1,213 | $850 | $1,745 |
New Albany 4 Bedroom Homes for Rent | $1,477 | $910 | $1,850 |
New Albany 5 Bedroom Homes for Rent | $1,681 | $1,249 | $2,195 |
New Albany 6 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
New Albany 7 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Top Homes for Rent in New Albany
Explore New Albany
New Albany, IN Local Guide
- New Albany Neighborhoods
- Nearby Cities
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- Local Counties
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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. Brookview Glen in the Downtown New Albany neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $378. Here is today’s list of the most affordable New Albany apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $200 |
Brookview Glen | Studio | Studio,1BA | $378 |
Townsquare Apartments | garden apartment | 1BR,1BA | $750 |
1743 Culbertson Ave | 1 Beds, 1 Baths | 1BR,1BA | $750 |
Courtyard Apartments | 1.1B | 1BR,1BA | $778 |
Huntley Ridge Clarksville | Classic 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
Flats at Greentree | 1 Beds, 1 Baths | 1BR,1BA | $845 |
Best Value Apartments for Rent in New Albany, IN
As of June 10, 2025 the best value apartment in the New Albany area is the $0.92 price per square foot 3 Bed, 1 Full & 2 Half Bath TH with W/D Hook-Up Model at River Chase Apartments in the in the Southern Indiana neighborhood starting from $1,230. The second greatest value New Albany apartment is the 2x1 Model at Plaza Square Apartments starting at $1,000 with a $1.00 price per square foot in the Southern Indiana neighborhood. Here is today’s list of the best values for New Albany apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
River Chase Apartments | 3 Bed, 1 Full & 2 Half Bath TH with W/D Hook-Up | 3BR,3BA | $0.92 |
Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
Huntley Ridge Townhomes | Norfolk Townhome | 2BR,1.5BA | $0.96 |
Glenview Apartments | 2 Bedroom W/D Hookups - 4 Plex | 2BR,1BA | $1.04 |
Stone Creek Apartments I & II | 2 Bed 1 Bath | 2BR,1BA | $0.95 |
2739 Edgewood Ln, Unit 6-38 | 2739 Edgewood Ln | 2BR,1BA | $0.96 |
High Park Apartments | 2 Bedroom | 2BR,1BA | $1.00 |
Huntley Ridge Clarksville | Classic 1 Bedroom 1 Bathroom | 1BR,1BA | $1.03 |
Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
Brookview Glen | Studio | Studio ,1BA | $0.95 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Frequently Asked Questions about New Albany
What type of rentals are currently available in New Albany?
There are currently 237 Apartments for Rent in New Albany, IN with pricing that ranges from $200 to $1,850. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Albany ranging from $695 to $2,195.
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 $695 to $2,195 with an average monthly rent of $1,371.
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 $945 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,745. Four Bedroom Single-Family rentals are also available starting from $910 and Four Bedroom Apartments start at $1,195.
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.

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 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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.