Zumper
modified
16 Hours Ago

Highlights

  • Pet Friendly
  • Stainless steel appliances
  • Granite countertops
  • Modern design
  • Exposed brick walls
  • Two spacious bedrooms
  • Sleek contemporary feel

Location

309 E Spring St, New Albany, IN 47150, USA|Downtown New Albany
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Contact

Management

Berkshire Hathaway HomeServices Parks & Weisberg, Realtors

Leasing office

(502) 238-1855

Property Overview

The Lofts on 3rd earns a strong 8.3 rating, with especially high marks for price, amenities, and location, reflecting solid value and everyday convenience. Its modern design, stainless steel appliances, granite countertops, exposed brick walls, and two spacious bedrooms create a sleek contemporary feel, while 16 photos and nearby pet supply and grooming services add practical appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” 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, The Lofts on 3rd is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Lofts on 3rd 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

  • Dishwasher
  • Images Available

Great for

  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath617 sqft$850 /mo1 unit availableThis 1 bedroom has granite counters, stainless steel appliances, wooden vinyl flooring, and in-unit laundry appliances! The Lofts on 3rd embodies the perfect mixture of historical essence and novelty reverberating throughout the entire downtown New Albany area! Our 1, 2, and loft style apartments include exceptional renovations, but also exposed brick walls reminiscent of a previous age.
2BR/2.0BA2 bed2 bath1,005 sqft$1,250 /mo3 units availableWelcome to The Lofts on 3rd, a premier living destination in New Albany, IN. This first-floor unit offers two spacious bedrooms and two full bathrooms, perfect for those who value comfort and convenience. The apartment boasts a modern design with granite countertops that add a touch of elegance to the space. The kitchen is equipped with stainless steel appliances, offering a sleek and contemporary feel. Experience the perfect blend of style, comfort, and convenience in this exceptional living space. Apply at pm bhhspw com
2BR/2.5BA2 bed2.5 bath1,005 sqft$1,250 /mo1 unit availableWelcome to The Lofts on 3rd, a premier living destination in New Albany, IN. This unit offers two spacious bedrooms and two full bathrooms, perfect for those who value comfort and convenience. The apartment boasts a modern design with granite countertops that add a touch of elegance to the space. The kitchen is equipped with stainless steel appliances, offering a sleek and contemporary feel. Experience the perfect blend of style, comfort, and convenience in this exceptional living space. Apply at pm bhhspw com

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Amenities for The Lofts on 3rd

Apartment Amenities

2 BathroomsGranite Countertops
TrashTwo-Bedroom

Appliances

DishwasherDishwasher and Microwave
Fridge and StoveGlass Top Stove
In-Unit LaundryMicrowave
Refrigerator

Building

Cats OKDogs OK
Water/Sewer

Services

Water Trash

Other

First Floor Unit
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

Units27
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About The Lofts on 3rd

HomeApartments in New Albany The Lofts on 3rd

This 1 bedroom has granite counters, stainless steel appliances, wooden vinyl flooring, and in-unit laundry appliances! The Lofts on 3rd embodies the perfect mixture of historical essence and novelty reverberating throughout the entire downtown New Albany area! Our 1, 2, and loft style apartments include exceptional renovations, but also exposed brick walls reminiscent of a previous age.


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, The Lofts on 3rd is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Lofts on 3rd 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 The Lofts on 3rd
Price·9A 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.
The Lofts on 3rd stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A 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.
The Lofts on 3rd goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, The Lofts on 3rd receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Lofts on 3rd 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 The Lofts on 3rd 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.
The Lofts on 3rd 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.

The Lofts on 3rd is great for:

Pet owners

  • 2 pet grooming services nearby
  • 3 pet supply stores near the property

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 The Lofts on 3rd compares to other nearby properties.

Positives

Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address

Considerations

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

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Rent trends in Downtown New Albany

If you decide to upgrade your space, you can expect 2-bedrooms at The Lofts on 3rd to be on par with the average for similarly sized apartments in Downtown New Albany.

Median rents as of Jun 6 2026.
Downtown New Albany
New Albany
A table of 2-bedroom apartment rental data trends in New Albany
MonthMedian Rent
June 2024$1,275
July 2024$1,268
August 2024$1,168
September 2024$1,145
October 2024$1,227
November 2024$1,185
December 2024$1,211
January 2025$1,223
February 2025$1,160
March 2025$1,093
April 2025$1,117
May 2025$1,238
June 2025$1,228
July 2025$1,200
August 2025$1,221
September 2025$1,207
October 2025$1,220
November 2025$1,273
December 2025$1,248
January 2026$1,080
February 2026$1,035
March 2026$1,050
April 2026$1,025
May 2026$1,025
June 2026$1,190
A table of 2-bedroom apartment rental data trends in Downtown New Albany
MonthMedian Rent
October 2025$1,250
November 2025$1,250

Affordability calculator

Can I afford to live at 309 E Spring St?

Bedrooms

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

$34,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 1-bedroom monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.

Schools near The Lofts on 3rd

S. Ellen Jones Elementary School

600 e 11th st

new albany, IN, 47150

PK, K-4Public
B-

Children's Academy Early Learning Center

1111 pearl st

new albany, IN, 47150

PKPublic

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 The Lofts on 3rd

Getting around New Albany near 309 E Spring St

Walking

6/10
Some shops and stores are within a few minutes.

Driving

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

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

2/10
There are a few mass transit options within the area.

Points of interest for 309 E Spring St, New Albany

Groceries

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

Shopping

6/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Variety of restaurants within a few minutes' walk

Primary schools

7/10
At least one elementary school within a 15-minute walk

High schools

3/10
At least one high school within a 30-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

4/10
Some bars within walking distance

Explore the area around 309 E Spring 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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