409 S 39th St
LouisvilleKY40212
Cheap Homes for Rent in New Albany, IN from $700 (23 Rentals)
Search the lowest-cost Homes available for rent right now in New Albany.
2121 Culbertson Ave
New AlbanyIN47150
2327 Duncan St
LouisvilleKY40212
112 Boston Ct
LouisvilleKY40212
3416 W Main St
LouisvilleKY40212
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$8901 Bedroom Apartments Available Now
1233 Vincennes St, Unit 3
1233 Vincennes StNew Albany, IN 47150
212 N 25th St
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.
451 N 25th St
LouisvilleKY40212
655 S 35th St
LouisvilleKY40211
4435 Parker Ave
LouisvilleKY40212
214 N 24th St
LouisvilleKY40212
2530 St Xavier St
LouisvilleKY40212
3022 Bank St
LouisvilleKY40212
2203 Rowan St
LouisvilleKY40212
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.
302 Cecil Ave
LouisvilleKY40212
616 N 28th St
LouisvilleKY40212
2623 Cedar St
LouisvilleKY40212
2331 Wellington Green Dr
ClarksvilleIN47129
4226 Grand Ave
LouisvilleKY40211
1307 E Market St
New AlbanyIN47150
4312 Sunset Ave
LouisvilleKY40211
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.
331 N 26th St
LouisvilleKY40212
127 Boston Ct
LouisvilleKY40212
Showing Results 1-23, Page 1 of 1
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 | $1,139 | $899 | $1,350 |
| New Albany 3 Bedroom Homes for Rent | $1,249 | $710 | $2,110 |
| New Albany 4 Bedroom Homes for Rent | $1,504 | $900 | $2,450 |
| New Albany 5 Bedroom Homes for Rent | $1,574 | $1,449 | $1,700 |
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
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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 $699. 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 | $699 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $740 |
| Flats of Greentree | 807 | 1BR,1BA | $845 |
| Kingsfield Luxury Apartments | One Bedroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in New Albany, IN
As of April 23, 2026 the best value apartment in the New Albany area is the $0.68 price per square foot 3 Bed 2 Bath Single Section Model at Wellington Green in the in the Southern Indiana neighborhood starting from $1,059. The second greatest value New Albany apartment is the 3 Bed, 1 Full & 2 Half Bath TH with W/D Hook-Up Model at River Chase Apartments starting at $1,270 with a $0.95 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 | $0.68 |
| River Chase Apartments | 3 Bed, 1 Full & 2 Half Bath TH with W/D Hook-Up | 3BR,3BA | $0.95 |
| Adelyn Apartments | 6 | 2BR,2BA | $1.07 |
| Huntley Ridge New Albany | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.94 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Huntley Ridge Townhomes | Norfolk Townhome | 2BR,1.5BA | $0.94 |
| Valley Ridge | Two Bedroom Townhome | 2BR,1BA | $1.03 |
| Kingsfield Luxury Apartments | One Bedroom | 1BR,1BA | $0.94 |
| 3124 Vermont Ave | 3124 Vermont Ave | 1BR,1BA | $1.07 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleThe 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 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 255 Apartments for Rent in New Albany, IN with pricing that ranges from $200 to $1,950. There are also 73 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Albany ranging from $710 to $3,500.
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 $710 to $3,500 with an average monthly rent of $1,469.
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 $710 to $2,110. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $1,295.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.