Cheap Homes for Rent in New Albany, IN from $600 (25 Rentals)

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property at 1002 E Main St

1002 E Main St

New AlbanyIN47150

Louisville's Best Affordable Neighborhoods

Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

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property at 214 N 24th St

214 N 24th St

LouisvilleKY40212
Showing Results 1-25, 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. Brookview Glen in the Portland 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
Townsquare Apartmentsgarden apartment1BR,1BA$750
Rowan Place1 bedroom1BR,1BA$775
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$795

Best Value Apartments for Rent in New Albany, IN

As of March 25, 2025 the best value apartment in the New Albany area is the $1.00 price per square foot 231 Cecil Ave Model at 231 Cecil Ave in the in the Portland neighborhood starting from $1,395. The second greatest value New Albany apartment is the 315 S 42nd St Model at 315 S 42nd St starting at $1,145 with a $0.92 price per square foot in the Portland 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.
231 Cecil Ave231 Cecil Ave5BR,2BA$1.00
315 S 42nd St315 S 42nd St3BR,2BA$0.92
819 S 40th St819 S 40th St2BR,2BA$0.95
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Stone Creek Apartments I & II2 Bed 1 Bath2BR,1BA$0.95
2739 Edgewood Ln, Unit 6-382739 Edgewood Ln2BR,1BA$0.96
Madison Apartments2 Beds, 1 bath2BR,1BA$1.02
Huntley Ridge Clarksville1 Bedroom 1 Bathroom with Balcony1BR,1BA$1.00
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 245 Apartments for Rent in New Albany, IN with pricing that ranges from $200 to $1,850. There are also 94 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Albany ranging from $649 to $2,340.

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 $2,340 with an average monthly rent of $1,448.

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.

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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.