Bedroom count
Property type
Last updated on July 15, 2026
Average rent in
New Albany, IN
Average rent in
Last updated on July 15, 2026
Bedroom count
Property type
Median rent
Median rent in New Albany
$1,125/mo
3%vs previous year
The average rent in New Albany is $1,125 per month as of July 2026. This is 42% below the national average rent, or $825 less per month.
average price per square foot
Total rentals
Available rentals in New Albany
23
for rent on Zumper.com as of July 2026
Rent price distribution
Share of New Albany rentals at each price point
Rent trends in New Albany, IN
Average rent prices in New Albany have decreased by 12% over the last month and have increased by 3% 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 $1,025, whereas a house costs $1,440. 1-bedroom apartments in New Albany run $775 on average, while 2-bedroom apartments are $1,100.
Listings | ||||
|---|---|---|---|---|
Studio | $1,111 | No Change | - | |
1 bedroom | $812 | 1% |  6% | |
2 bedroom | $1,125 | 6% | No Change | |
3 bedroom | $1,825 | 5% | 23% | |
4 bedroom | $2,500 | 5% | 7% |
Listings | ||
|---|---|---|
Downtown New Albany | $1,279 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,025 | 5% | No Change | |
Houses | $1,440 | 7% | No Change | |
Rooms | $800 | - | - |
Studio
Average rent
$1,111
1 bedroom
Average rent
$812
Last 30 days
1%
Last year
6%
2 bedroom
Average rent
$1,125
Last 30 days
6%
Last year
No Change
3 bedroom
Average rent
$1,825
Last 30 days
5%
Last year
23%
4 bedroom
Average rent
$2,500
Last 30 days
5%
Last year
7%
Downtown New Albany
Average rent
$1,279
Apartments
Average rent
$1,025
Last 30 days
5%
Houses
Average rent
$1,440
Last 30 days
7%
Rooms
Average rent
$800
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
42%lower than the national median
39%lower than the national median
Takeaway
The median rent for all rentals in New Albany, IN is 5% lower than the median rent in Audubon Park, KY.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,190
51%$1,071
6%$1,325
$1,449
66%$1,470
14%$1,250
1%$2,905
16%$1,254
29%$1,050
4%$1,400
18%$1,050
23%$950
Discover rentals in New Albany, IN
5d+ ago
Apartment for rent in New Albany
1409 Mcdonald Ave, New Albany, IN 47150
2 beds
1 bath
$850
Apartment for rent
5d+ ago
House for rent in New Albany
608 E 8th St #1, New Albany, IN 47150
2 beds
1 bath
$975
House for rent
Available Jul 17
25m ago
4719 Grant Line Rd, New Albany, IN 47150
2 beds
2 baths
$995–$1,325
Apartment for rent
5d+ ago
House for rent in New Albany
3831 Horne Ave #B, New Albany, IN 47150
2 beds
1 bath
$1,050
House for rent
5d+ ago
House for rent in New Albany
3616 Wabash Ave, New Albany, IN 47150
3 beds
2 baths
$2,200
House for rent
Available Jul 1
6h ago
1601 E Main St, New Albany, IN 47150
1–2 beds
1–2 baths
$1,100–$1,300
Apartment for rent
5d+ ago
2239 Charlestown Rd, New Albany, IN 47150
1 bed
1 bath
$1,100
Apartment for rent
5d+ ago
House for rent in New Albany
1307 E Market St #2, New Albany, IN 47150
1 bed
1 bath
$875
House for rent
Available Apr 1
4d ago
Verified
201 Black Pine Blvd #193, New Albany, IN 47150
3 beds
2 baths
$1,399
House for rent
6h ago
1601 E Main St, New Albany, IN 47150
1–2 beds
1–2 baths
$1,100–$1,300
Apartment for rent
25m ago
4719 Grant Line Rd, New Albany, IN 47150
2 beds
2 baths
$995–$1,325
Apartment for rent
1h ago
309 E Spring St, New Albany, IN 47150
2 beds
2 baths
$1,250
Apartment for rent
4d ago
Verified
201 Black Pine Blvd #193, New Albany, IN 47150
3 beds
2 baths
$1,399
House for rent
25m ago
4719 Grant Line Rd, New Albany, IN 47150
2 beds
2 baths
$995–$1,325
Apartment for rent
5d+ ago
2239 Charlestown Rd, New Albany, IN 47150
1 bed
1 bath
$1,100
Apartment for rent
5d+ ago
House for rent in New Albany
1813 E Elm St, New Albany, IN 47150
3 beds
1 bath
$1,450
House for rent
Available Aug 1
4d ago
Verified
201 Black Pine Blvd #193, New Albany, IN 47150
3 beds
2 baths
$1,399
House for rent
25m ago
4719 Grant Line Rd, New Albany, IN 47150
2 beds
2 baths
$995–$1,245
Apartment for rent
5d+ ago
House for rent in New Albany
608 E 8th St #1, New Albany, IN 47150
2 beds
1 bath
$975
House for rent
Available Jul 17
5d+ ago
House for rent in New Albany
1813 E Elm St, New Albany, IN 47150
3 beds
1 bath
$1,450
House for rent
Available Aug 1
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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 $1,125 per month as of July 11, 2026.
Is rent up or down in New Albany?
Average rent prices in New Albany have decreased by 12% over the last month and have increased by 3% since last year.
How does New Albany rent compare to the national average?
Rent in New Albany is 42% below the national average, which means renters are paying approximately $825 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 $45,000/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?
One-bedroom apartments in New Albany averaged around $920 per month in 2025, while two-bedroom units averaged around $1,200 monthly. Two-bedroom apartments make up the majority of the rental market at 59% of available listings, compared to one-bedrooms at 22% of inventory.
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).