Last updated on August 29, 2026

Average rent in
New Albany, IN

Median rent

Median rent in New Albany

$1,245/mo

Flat

vs previous year

The average rent in New Albany is $1,245 per month as of August 2026. This is 35% below the national average rent, or $680 less per month.

$1.19

average price per square foot

Total rentals

Available rentals in New Albany

23

for rent on Zumper.com as of August 2026

Rent price distribution

Share of New Albany rentals at each price point

70%53%35%18%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in New Albany, IN

Average rent prices in New Albany have increased by 9% over the last month and have remained the same since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in New Albany, IN

Rent prices in New Albany vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in New Albany is $1,175, whereas a house costs $1,450. 1-bedroom apartments in New Albany run $850 on average, while 2-bedroom apartments are $1,250.

Listings

1 bedroom

$1,009

9%

3%

2 bedroom

$1,250

3%

2%

3 bedroom

$1,820

3%

3%

4 bedroom

$2,350

22%

12%

1 bedroom

Average rent

$1,009

Last 30 days

9%

Last year

3%

2 bedroom

Average rent

$1,250

Last 30 days

3%

Last year

2%

3 bedroom

Average rent

$1,820

Last 30 days

3%

Last year

3%

4 bedroom

Average rent

$2,350

Last 30 days

22%

Last year

12%

The table above reflects average rent prices in New Albany, IN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in New Albany, IN compare to other cities?

Compare median rent prices in New Albany and Audubon Park by all bedroom counts and property types.

New Albany

Median rent price$1,245
decreased by35%

lower than the national median

Median rent price$1,000
decreased by48%

lower than the national median

Takeaway

The median rent for all rentals in New Albany, IN is 25% higher than the median rent in Audubon Park, KY.

Discover rentals in New Albany, IN

1409 Mcdonald Ave - Photo 1 of 1

5d+ ago

Apartment for rent in New Albany

1409 Mcdonald Ave, New Albany, IN 47150

2 beds

1 bath

$850

Apartment for rent

Renovated 2BR/Washer - Photo 1 of 1

4d ago

8.2

Very good

Renovated 2BR/Washer

2415 2411, 2413, 2415 Charlestown Road, New Albany, IN 47150

2 beds

1 bath

$895

Apartment for rent

1307 E Market St #1 - Photo 1 of 1

5d+ ago

House for rent in New Albany

1307 E Market St 1

1307 E Market St #1, New Albany, IN 47150

2 beds

1 bath

$1,025

House for rent

Available Apr 1

3831 Horne Ave #B - Photo 1 of 1

5d+ ago

Apartment for rent in New Albany

Apartment for rent

Available Jun 26

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for New Albany, IN

Quick answers to common questions about the New Albany rental market.

How much is rent in New Albany?

The average rent in New Albany is $1,245 per month as of August 22, 2026.

Is rent up or down in New Albany?

Average rent prices in New Albany have increased by 9% over the last month and have remained the same since last year.

How does New Albany rent compare to the national average?

Rent in New Albany is 35% below the national average, which means renters are paying approximately $680 less per month.

What salary do I need to afford rent in New Albany?

To comfortably afford rent in New Albany, you'd need to earn approximately $50,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in New Albany?

August offers the best rental deals in New Albany with the lowest rents of the year, about 14% below May's peak pricing. June also provides favorable conditions with less competition among renters.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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