Rentometer, Inc. | Data as of 10/23/2025
New Albany, Indiana, offers a vibrant blend of historic charm and modern convenience, making it a sought‑after destination for renters seeking both community feel and easy access to the Greater Louisville area. The city’s Riverfront district and historic downtown showcase walkable streets lined with boutique shops, cafés, and cultural venues, while neighborhoods such as Midtown and LaSalle provide quiet, family‑friendly streets with well‑maintained parks and top‑rated schools. Its close proximity to the Ohio River and easy interstate connections add to the appeal of living in this thriving Mid‑western city.
The rental market in New Albany is diverse, featuring a healthy mix of apartments and single‑family homes to suit a wide range of lifestyles. Apartment options range from affordable studios in the $800s to spacious three‑bedroom units in the $1500 range, while one‑ and two‑bedroom apartments typically fall within the $900 and $1200 brackets. For those preferring a house, one‑bedroom homes are competitively priced in the $900 range, and larger families can find three‑bedroom homes around the $1600 range, with premium four‑plus‑bedroom properties available in the $1900s. This variety ensures renters can find a space that matches both their budget and desired amenities.
Beyond housing, New Albany boasts an active community lifestyle enriched by attractions such as the historic Cullmann Mansion, the bustling New Albany Farmers Market, and the scenic Rivergate Park. Residents enjoy a strong sense of community through events at the Samuels Brooks Community Center and easy access to outdoor recreation along the Ohio River waterfront. Whether you’re a young professional, a growing family, or anyone in between, New Albany’s rental market and welcoming atmosphere make it an excellent place to call home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $863 | $830 | $378 - $1,110 | $745 - $1,090 |
| Apartment | 1 Bedroom | $960 | $860 | $549 - $1,720 | $750 - $1,125 |
| Apartment | 2 Bedroom | $1,204 | $1,192 | $849 - $1,670 | $1,033 - $1,350 |
| Apartment | 3 Bedroom | $1,448 | $1,460 | $1,280 - $1,575 | $1,399 - $1,518 |
| House | 1 Bedroom | $863 | $847 | $700 - $1,058 | $700 - $1,058 |
| House | 2 Bedroom | $1,308 | $1,300 | $975 - $1,900 | $1,100 - $1,450 |
| House | 3 Bedroom | $1,593 | $1,547 | $1,172 - $2,400 | $1,375 - $1,750 |
| House | 4+ Bedroom | $1,886 | $1,997 | $1,500 - $2,200 | $1,695 - $2,100 |
In the current period, the average rent in New Albany was $864 for Studio, $949 for 1 Bedroom, $1,236 for 2 Bedroom, $1,566 for 3 Bedroom, and $1,797 for 4+ Bedroom.
Data provided by Rentometer, Inc.