Cheap Homes for Rent in Downtown New Albany Neighborhood of New Albany, IN from $700 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in the Downtown New Albany area of New Albany.

property at 1002 E Main St

1002 E Main St

New AlbanyIN47150
Showing Results 1-19, Page 1 of 1

Downtown New Albany, New Albany, IN Local Guide

Cheapest Available Downtown New Albany Apartments for Rent

 

The cheapest available apartment rental in the Downtown New Albany area of Louisville, IN is a Studio unit found at Brookview Glen priced from $378. Rowan Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Downtown New Albany apartments for rent in Louisville, IN:

Apartment ListingModel NameBed/BathPriced From
Brookview GlenStudioStudio,1BA$378
Rowan Place1 bedroom1BR,1BA$775
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$795
Huntley Ridge New Albany1 Bedroom 1 Bathroom1BR,1BA$824
Courtyard Apartments2.1B2BR,1BA$870

Best Value Apartments for Rent in Downtown New Albany, IN

As of April 11, 2025 the best value apartment in the Downtown New Albany area is the $0.91 price per square foot Two Bedroom Two Bath Model at Sheffield Square in the in the Downtown New Albany neighborhood starting from $1,222. The second greatest value Downtown New Albany apartment is the 3bd Model at Jefferson Properties starting at $1,307 with a $1.09 price per square foot in the Downtown Louisville neighborhood. Here is today’s list of the best values for Downtown New Albany apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sheffield SquareTwo Bedroom Two Bath2BR,2BA$0.91
Jefferson Properties3bd3BR,2BA$1.09
Academy Park Apartments2 BEDROOM 2 BATHROOM2BR,2BA$1.12
Courtyard Apartments2.1B2BR,1BA$1.01
1608 Dewey St, Unit 4-4mg1608 Dewey St2BR,1BA$1.08
Huntley Ridge New Albany1 Bedroom 1 Bathroom1BR,1BA$1.10
Rowan Place1 bedroom1BR,1BA$1.05
1900 Bono Rd1900 Bono Rd1BR,1BA$1.11
3149 Vermont Ave, Unit 33149 Vermont Ave1BR,1BA$1.10
Brookview GlenStudioStudio ,1BA$0.95

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown New Albany

What type of rentals are currently available in Downtown New Albany?

There are currently 116 Apartments for Rent in Downtown New Albany, IN with pricing that ranges from $378 to $2,500. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Albany ranging from $700 to $2,100.

What is the current price range for Rental Homes in Downtown New Albany?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown New Albany ranges from $700 to $2,100 with an average monthly rent of $1,357.

How much are larger Three and Four Bedroom Rentals in Downtown New Albany?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown New Albany range from $895 to $1,906, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,245 and Four Bedroom Apartments start at $1,125.

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.

decorative image for The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.