Cheap Homes for Rent in New Albany, IN from $400 (15 Rentals)

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property at 714 S 42nd St

714 S 42nd St

LouisvilleKY40211
Showing Results 1-15, Page 1 of 1

New Albany, IN Local Guide

Cheapest Available New Albany Apartments for Rent and Nearby

 

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 ListingModel NameBed/BathPriced From
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$200
Brookview GlenStudioStudio,1BA$378
Willow RunStudioStudio,1BA$749
Townsquare Apartmentsgarden apartment1BR,1BA$750
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$750

Best Value Apartments for Rent in New Albany, IN and Nearby

As of July 25, 2025 the best value apartment in the New Albany area is the $0.98 price per square foot 2BR/2.0BA Model at Lochwood Apartments in the in the Southern Indiana neighborhood starting from $1,465. The second greatest value New Albany apartment is the 3 Bed 2 Bath Single Section Model at Wellington Green starting at $1,119 with a $0.87 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.
Lochwood Apartments2BR/2.0BA2BR,2BA$0.98
Wellington Green3 Bed 2 Bath Single Section3BR,2BA$0.87
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Plaza Square Apartments2x12BR,1BA$1.00
Huntley Ridge TownhomesNorfolk Townhome2BR,1.5BA$1.04
Kingsfield Luxury ApartmentsOne Bedroom1BR,1BA$0.94
526 Locher Aly, Unit 204526 Locher Aly3BR,1BA$0.94
High Park Apartments2 Bedroom2BR,1BA$1.01
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34
Brookview GlenStudioStudio ,1BA$0.95

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Frequently Asked Questions about New Albany

What type of rentals are currently available in New Albany?

There are currently 240 Apartments for Rent in New Albany, IN with pricing that ranges from $200 to $1,850. There are also 109 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Albany ranging from $400 to $2,245.

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 $400 to $2,245 with an average monthly rent of $1,186.

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 $850 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,800. Four Bedroom Single-Family rentals are also available starting from $400 and Four Bedroom Apartments start at $895.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.