Cheap Homes for Rent in New Albany, IN from $700 (33 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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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
Colonial Village ApartmentsThe Princess1BR,1BA$707
Townsquare Apartmentsgarden apartment1BR,1BA$750
Rowan Place1 bedroom1BR,1BA$775
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$795
Courtyard Apartments2.1A2BR,1BA$804

Best Value Apartments for Rent in New Albany, IN

As of April 08, 2025 the best value apartment in the New Albany area is the $0.81 price per square foot 2101 Saint Xavier St Model at 2101 Saint Xavier St, Unit 1F in the in the Portland neighborhood starting from $895. The second greatest value New Albany apartment is the 2x1 Model at Plaza Square Apartments starting at $1,000 with a $1.00 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.
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Plaza Square Apartments2x12BR,1BA$1.00
Glenview Apartments2 Bedroom 2nd Floor2BR,1.5BA$0.93
Stone Creek Apartments I & II2 Bed 1 Bath2BR,1BA$0.95
2739 Edgewood Ln, Unit 6-382739 Edgewood Ln2BR,1BA$0.96
High Park Apartments2 Bedroom2BR,1BA$1.02
Courtyard Apartments2.1A2BR,1BA$1.00
Madison Apartments2 Beds, 1 bath2BR,1BA$1.02
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 $2,500. There are also 85 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Albany ranging from $700 to $2,290.

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 $700 to $2,290 with an average monthly rent of $1,482.

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 $745 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,021.

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.

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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.