Last updated on October 13, 2026

Average rent in
New Albany, IN

Median rent

Median rent in New Albany

$1,222/mo

decreased by2%

vs previous year

The average rent in New Albany is $1,222 per month as of October 2026. This is 36% below the national average rent, or $677 less per month.

$1.10

average price per square foot

Total rentals

Available rentals in New Albany

27

for rent on Zumper.com as of October 2026

Rent price distribution

Share of New Albany rentals at each price point

75%56%38%19%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 decreased by 4% over the last month and have decreased by 2% 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 $1,050, whereas a house costs $1,600. 1-bedroom apartments in New Albany run $1,050 on average, while 2-bedroom apartments are $1,025.

Listings

1 bedroom

$987

No Change

10%

2 bedroom

$1,247

2%

3%

3 bedroom

$1,771

12%

8%

4 bedroom

$2,200

8%

2%

1 bedroom

Average rent

$987

Last 30 days

No Change

Last year

10%

2 bedroom

Average rent

$1,247

Last 30 days

2%

Last year

3%

3 bedroom

Average rent

$1,771

Last 30 days

12%

Last year

8%

4 bedroom

Average rent

$2,200

Last 30 days

8%

Last year

2%

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$1,222
decreased by36%

lower than the national median

Median rent price$1,350
decreased by29%

lower than the national median

Takeaway

The median rent for all rentals in New Albany, IN is 9% lower 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

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Renovated 2BR/Washer - Photo 1 of 1

6h ago

8.2

Very good

Renovated 2BR/Washer

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

2 beds

1 bath

$895

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Charlestown Crossing Apartments LLC - Photo 1 of 1

5d+ ago

8.5

Very good

Charlestown Crossing Apartments LLC

Charlestown Crossing Apartments LLC, New Albany, IN 47150

2 beds

2 baths

$1,025

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
110 E 16th St #2 - Photo 1 of 1

5d+ ago

Apartment for rent in New Albany

3 beds

1 bath

$1,050

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

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 $1,222 per month as of October 10, 2026.

Is rent up or down in New Albany?

Average rent prices in New Albany have decreased by 4% over the last month and have decreased by 2% since last year.

How does New Albany rent compare to the national average?

Rent in New Albany is 36% below the national average, which means renters are paying approximately $677 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 $49,000/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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