Cheap Apartments for Rent in New Albany, MS from $689 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in New Albany.

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Albany Acres Apartments
1 to 3 Bedroom Apartments

Albany Acres Apartments

916 Fairground Spur RdNew Albany, MS 38652
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Carnation Village
1 to 2 Bedroom Apartments

Carnation Village

514 Carnation StTupelo, MS 38801
Senior Living
  • Utilities Included
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Center Court Apartments
1 to 2 Bedroom Apartments

Center Court Apartments

288 S Center StCollierville, TN 38017
  • Utilities Included

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.

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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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Showing Results 1-50, Page 1 of 2

New Albany, MS Local Guide

Cheapest Available New Albany Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Albany, MS is a 1 Bed unit found at Purdy Place Apartments priced from $725. The Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here is today’s list of the most affordable New Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Purdy Place Apartments1 BDR/1 Bath1BR, 1BA$725
The Gardens Apartments1x1The Gardens Apartments1BR, 1BA$765
Lazy Acres2x12BR, 1BA$795
Oakwood Village Apartments1 Bed, 1 bath1BR, 1BA$800
Monarch Creek1 Bedroom 1 Bathroom - A11BR, 1BA$838
The Links & The Greens at OxfordCustom | Links1BR, 1BA$900
King's Creek2 Bedroom 2 Bathroom Flat2BR, 2BA$965
Trace Ridge1 bdrm 1 bath1BR, 1BA$973
Grand Ole Oaks1 bdrm 1bath1BR, 1BA$1,024
The Grove of Cayce2bedroom x 2bath2BR, 2BA$1,100

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

As of September 20, 2026 the best value apartment in the New Albany area is the $0.51 price per square foot The Cottonwood Model at Villa West starting from $999. The second greatest value New Albany apartment is the 2 Bedroo, 2.5 Bathroom Model at Redpoint Oxford starting at $1,160 with a $0.83 price per square foot. 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.
Villa WestThe Cottonwood3BR, 3BA$0.51
Redpoint Oxford2 Bedroo, 2.5 Bathroom2BR, 2.5BA$0.83
The Meadows on Main2 bedroom townhome2BR, 1.5BA$1.00
King's Creek2 Bedroom 1-1/2 Bathroom Townhouse - Premium2BR, 1.5BA$1.05
Pines at Barnes Crossing2A2BR, 2BA$1.10
Boggan Estates ApartmentsTwo Bedroom One Bathroom2BR, 1BA$1.17
Heritage Park2 Bedroom Two Bathroom2BR, 2BA$1.28
Purdy Place Apartments1 BDR/1 Bath1BR, 1BA$0.97
Oakwood Village Apartments1 Bed, 1 bath1BR, 1BA$1.09
The Gardens Apartments1x1The Gardens Apartments1BR, 1BA$1.06

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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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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Real 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.

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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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New Albany, MS

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

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Frequently Asked Questions about Cheap New Albany Apartments

What is the Cheapest Studio apartment in New Albany?

Currently the most affordable Cheap Studio Apartment in New Albany is at Springs at Ashby listed at $1,369.

How much is rent for a Cheap One Bedroom New Albany Apartment?

The lowest price for a Cheap One Bedroom New Albany Apartment is $725 at Purdy Place Apartments.

What is the lowest price for a Cheap Two Bedroom New Albany Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Albany is starting from $795 at Lazy Acres.

What is the most affordable New Albany Three Bedroom Apartment?

The best deal on a cheap New Albany Three Bedroom Apartment rental is at Purdy Place Apartments and starts from $925.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.