Cheap Homes for Rent in New Albany, IN from $600 (40 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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property at 3409 Vermont Ave

$850

3 Bedroom, 1 Bath Home for Rent

Available Now

3409 Vermont 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.

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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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property at 214 N 24th St

$920

3 Bedroom, 1.5 Bath Home for Rent

Available Now

214 N 24th St

LouisvilleKY40212

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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property at 1842 Baird St

$995

3 Bedroom, 2.5 Bath Home for Rent

Available Now

1842 Baird St

LouisvilleKY40203

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.

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Showing Results 1-40, 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. Courtyard Apartments in the Southern Indiana neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $765. 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
Courtyard Apartments2.1A2BR,1BA$765
River Chase Apartments1 Bed, 1 Bath Flat1BR,1BA$795
Brookview GlenOne Bedroom1BR,1BA$799
Flats of Greentree8021BR,1BA$845
Kingsfield Luxury ApartmentsOne Bedroom1BR,1BA$850

Best Value Apartments for Rent in New Albany, IN

As of January 23, 2026 the best value apartment in the New Albany area is the $0.89 price per square foot 3 Bedroom 2 Bath Model at Knobs Pointe Apartments in the in the Southern Indiana neighborhood starting from $1,425. The second greatest value New Albany apartment is the 2BR/2.0BA Model at Lochwood Apartments starting at $1,365 with a $0.91 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Knobs Pointe Apartments3 Bedroom 2 Bath3BR,2BA$0.89
Lochwood Apartments2BR/2.0BA2BR,2BA$0.91
Academy Park Apartments2 BEDROOM 2 BATHROOM2BR,2BA$1.03
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
Kingsfield Luxury ApartmentsOne Bedroom1BR,1BA$0.94
River Grove Apartments2 Bed, 1 Bath Flat2BR,1BA$1.04
River Chase Apartments1 Bed, 1 Bath Flat1BR,1BA$1.06
Yellowwood Terrace Affordable Senior HousingStandard1BR,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.

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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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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 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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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.

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Best Local Schools in
New Albany, IN

School data provided by Great Schools

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

Explore New Albany, IN Rentals by Map

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See the most popular apartments and homes in New Albany, IN

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Frequently Asked Questions about New Albany

What type of rentals are currently available in New Albany?

There are currently 250 Apartments for Rent in New Albany, IN with pricing that ranges from $200 to $1,900. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Albany ranging from $649 to $2,200.

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 $649 to $2,200 with an average monthly rent of $1,180.

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.

Articles, How-To's, and Tips

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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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.