Cheap Apartments for Rent in New Albany, MS from $300 (39 Rentals)

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Albany Acres Apartments
1 to 3 Bedroom Apartments

Albany Acres Apartments

916 Fairground Spur RdNew Albany, MS 38652
  • 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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Carnation Village
1 to 2 Bedroom Apartments

Carnation Village

514 Carnation StTupelo, MS 38801
Senior Living
  • Utilities Included

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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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 4 Beds unit found at Flatts at South Campus in the The Square neighborhood priced from $699. Purdy Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable New Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Flatts at South Campus4 Bedroom (D3)4BR,3BA$699
Purdy Place Apartments1 BDR/1 Bath1BR,1BA$725
Oakwood Village Apartments1 Bed, 1 bath1BR,1BA$800
The Links & The Greens at OxfordCustom | Links1BR,1BA$900
Monarch Creek2 Bedroom 2 Bathroom - Deluxe2BR,2BA$910
Heritage Park2 Bedroom Two Bathroom2BR,2BA$912
The Meadows on Main1 bedroom1BR,1BA$925
Boggan Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$975
Archive Oxford4 Bedroom, 4 Bath Townhome 2 LVL4BR,4BA$979
Pines at Barnes Crossing1A1BR,1BA$1,009

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

As of May 07, 2026 the best value apartment in the New Albany area is the $1.34 price per square foot Building D Interior Model at Somerset Parc in the starting from $1,500. The second greatest value New Albany apartment is the 2 bdrm 2 bath Model at Trace Ridge starting at $1,124 with a $1.09 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.
Somerset ParcBuilding D Interior2BR,2.5BA$1.34
Trace Ridge2 bdrm 2 bath2BR,2BA$1.09
Flatts at South Campus3 Bedroom (C1)3BR,3BA$0.89
Northpark ApartmentsHamilton Court Duplex2BR,2BA$1.33
Monarch Creek2 Bedroom 2 Bathroom - A1 - Deluxe2BR,2BA$0.94
Boggan Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.02
Heritage Park2 Bedroom Two Bathroom2BR,2BA$0.98
Pines at Barnes Crossing1A1BR,1BA$1.33
Purdy Place Apartments1 BDR/1 Bath1BR,1BA$0.97
Oakwood Village Apartments1 Bed, 1 bath1BR,1BA$1.09

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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.

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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 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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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 $1,328.

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 $825 at Purdy Place Apartments.

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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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.

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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.

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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.

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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.