2614 W Jefferson St
LouisvilleKY40212
Cheap Homes for Rent in New Albany, IN from $600 (19 Rentals)
Search the lowest-cost Homes available for rent right now in New Albany.
2718 W Jefferson St
LouisvilleKY40212
2718 W Jefferson St
LouisvilleKY40212
3124 Vermont Ave
LouisvilleKY40211
1940 Center St
New AlbanyIN47150
112 Boston Ct
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.
3416 W Main St
LouisvilleKY40212
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$8251 Bedroom Apartments Available Now
465 Randolph Ave, Unit Room 2
465 Randolph AveClarksville, IN 47129
2216 W Main St
LouisvilleKY40212
212 N 25th St
LouisvilleKY40212
451 N 25th St
LouisvilleKY40212
655 S 35th St
LouisvilleKY40211
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.
4435 Parker Ave
LouisvilleKY40212
214 N 24th St
LouisvilleKY40212
624 S 38th St
LouisvilleKY40211
2722 Portland Ave
LouisvilleKY40212
2145 Bank St
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
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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 | $1,141 | $899 | $1,440 |
| New Albany 3 Bedroom Homes for Rent | $1,306 | $875 | $2,300 |
| New Albany 4 Bedroom Homes for Rent | $1,442 | $900 | $2,365 |
| New Albany 5 Bedroom Homes for Rent | $1,725 | $1,700 | $1,750 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in New Albany
Explore New Albany
New Albany, IN Local Guide
- New Albany Neighborhoods
- Nearby Cities
- ZIP codes
- 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 $719. 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 | $719 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $740 |
| Flats of Greentree | 709 | 1BR,1BA | $795 |
| Huntley Ridge Clarksville | Laurel | 1BR,1BA | $810 |
Best Value Apartments for Rent in New Albany, IN
As of June 07, 2026 the best value apartment in the New Albany area is the $0.80 price per square foot 3 Bed 2 Bath Single Section Model at Wellington Green in the in the Southern Indiana neighborhood starting from $1,259. The second greatest value New Albany apartment is the 2BR/1.5BA Model at Lochwood starting at $1,275 with a $1.06 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. |
|---|---|---|---|
| Wellington Green | 3 Bed 2 Bath Single Section | 3BR,2BA | $0.80 |
| Lochwood | 2BR/1.5BA | 2BR,1.5BA | $1.06 |
| Adelyn Apartments | 4235-8 | 2BR,2BA | $1.03 |
| Huntley Ridge New Albany | Willow | 2BR,1BA | $0.94 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Valley Ridge | Two Bedroom Townhome | 2BR,1BA | $1.03 |
| 3149 Vermont Ave, Unit 3149 Vermont Ave | 3149 Vermont Ave | 2BR,1BA | $0.99 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $1.07 |
| 3124 Vermont Ave | 3124 Vermont Ave | 1BR,1BA | $1.07 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
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
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
Read ArticleReal 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.
Read ArticleQuick 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.
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Best Local Schools in New Albany, IN
Slate Run Elementary School
New Albany-Floyd County Con Sch
Public School - Grades PK-5 (358)
7 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
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New Albany, IN Rentals by Map
See the most popular apartments and homes in New Albany, IN
Frequently Asked Questions about New Albany
What type of rentals are currently available in New Albany?
There are currently 256 Apartments for Rent in New Albany, IN with pricing that ranges from $200 to $1,950. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Albany ranging from $695 to $2,365.
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 $2,365 with an average monthly rent of $1,286.
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 $806 to $1,950, 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 $900 and Four Bedroom Apartments start at $1,695.
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.
Articles, How-To's, and Tips
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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.