Zumper
modified
6 Hours Ago

Highlights

  • Pet Friendly
  • Off-street parking
  • Cozy space

Location

318 W Market St, New Albany, IN 47150, USA
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Contact

Management

Berkshire Hathaway HomeServices Parks & Weisberg, Realtors

Leasing office

(502) 459-1928

Property Overview

318 W Market Street ranks highly with a Zumper expert rating of 8.3, underlining its appeal to renters. Its competitive pricing, combined with a strong amenities score of 8 and a location rating of 9, reflects an outstanding balance of value and convenience. Notable features like off-street parking and a cozy atmosphere further enhance its desirability, while a trustworthiness rating of 7 signifies reliable property management transparency.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, 318 W Market Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 318 W Market Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive

Floor plans

1BR/1.0BA1 bed1 bath800 sqft$800 /mo1 unit availableWelcome to this 1 bedroom, 1 bathroom apartment located in the heart of New Albany, IN. This second floor unit offers convenience with off-street parking for residents. The apartment is perfect for those looking for a cozy space to call home. Contact us today to schedule a tour and make this apartment your new home! Apply at pm bhhspw com Must make 3X the rent No previous evictions you owe on

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Amenities for 318 W Market Street

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units4
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About 318 W Market Street

HomeApartments in New Albany 318 W Market Street

Welcome to this 1 bedroom, 1 bathroom apartment located in the heart of New Albany, IN. This second floor unit offers convenience with off-street parking for residents. The apartment is perfect for those looking for a cozy space to call home. Contact us today to schedule a tour and make this apartment your new home! Apply at pm bhhspw com Must make 3X the rent No previous evictions you owe on


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 318 W Market Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 318 W Market Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 318 W Market Street
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
318 W Market Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 318 W Market Street is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
318 W Market Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 318 W Market Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
318 W Market Street provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 318 W Market Street compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away

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Rent trends in New Albany

1-bedroom apartments at 318 W Market Street cost about 8% less than the average rent price for 1-bedroom apartments in New Albany.

Median rents as of May 2 2026.
New Albany
A table of 1-bedroom apartment rental data trends in New Albany
MonthMedian Rent
May 2024$800
June 2024$860
July 2024$819
August 2024$800
September 2024$812
October 2024$822
November 2024$825
December 2024$881
January 2025$900
February 2025$864
March 2025$823
April 2025$795
May 2025$830
June 2025$877
July 2025$939
August 2025$1,016
September 2025$932
October 2025$912
November 2025$912
December 2025$1,028
January 2026$882
February 2026$889
March 2026$859
April 2026$840
May 2026$870

Affordability calculator

Can I afford to live at 318 W Market St?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$32,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $32,000 annually to afford this 1-bedroom monthly rent price of $800.
For more information on rent affordability, visit our rent calculator.

Schools near 318 W Market Street

Children's Academy Early Learning Center

1111 pearl st

new albany, IN, 47150

PKPublic

S. Ellen Jones Elementary School

600 e 11th st

new albany, IN, 47150

PK, K-4Public
B-

Green Valley Elementary School

2230 green valley rd

new albany, IN, 47150

PK, K-4Public
B+

Slate Run Elementary School

1452 slate run rd

new albany, IN, 47150

PK, K-4Public
A-

Mount Tabor School

800 mount tabor

new albany, IN, 47150

PK, K-4Public
A-
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Internet available near 318 W Market Street

Getting around New Albany near 318 W Market St

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

2/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 318 W Market St, New Albany

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

4/10
At least one elementary school within a 20-minute walk

High schools

4/10
At least one high school within a 20-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

4/10
Some bars within walking distance

Explore the area around 318 W Market St

Seeds & Greens Natural Market & Deli
207 W 1st St
Kroger
520 N 35th St
Kroger
200 New Albany Plz
Aya Food Mart LLC
438 N 28th St
Save-A-Lot
2626 Portland Ave

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