Last updated on May 30, 2026

Average rent in
New Albany, IN

Median rent

Median rent in New Albany

$1,025/mo

decreased by16%

vs previous year

The average rent in New Albany is $1,025 per month as of May 2026. This is 47% below the national average rent, or $925 less per month.

$0.93

average price per square foot

Total rentals

Available rentals in New Albany

22

for rent on Zumper.com as of May 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 increased by 6% over the last month and have decreased by 16% 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 $1,800. 1-bedroom apartments in New Albany run $750 on average, while 2-bedroom apartments are $1,025.

Listings

Studio

$1,256

39%

-

1 bedroom

$1,012

22%

27%

2 bedroom

$1,025

3%

26%

3 bedroom

$1,700

3%

2%

4 bedroom

$2,300

5%

8%

Studio

Average rent

$1,256

Last 30 days

39%

1 bedroom

Average rent

$1,012

Last 30 days

22%

Last year

27%

2 bedroom

Average rent

$1,025

Last 30 days

3%

Last year

26%

3 bedroom

Average rent

$1,700

Last 30 days

3%

Last year

2%

4 bedroom

Average rent

$2,300

Last 30 days

5%

Last year

8%

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$1,025
decreased by47%

lower than the national median

Median rent price$1,100
decreased by44%

lower than the national median

Takeaway

The median rent for all rentals in New Albany, IN is 7% 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

$925

Apartment for rent

Charlestown House Apartments (12 Plex) - Photo 1 of 1

4d ago

8.4

Very good

Charlestown House Apartments (12 Plex)

1316 Roosevelt Ave, New Albany, IN 47150

2 beds

1 bath

$950

Apartment for rent

901 E Oak St - Photo 1 of 1

5d+ ago

Apartment for rent in New Albany

Apartment for rent

212 Maevi Dr - Photo 1 of 1

5d+ ago

House for rent in New Albany

212 Maevi Dr.

212 Maevi Dr, New Albany, IN 47150

3 beds

1 bath

$1,375

House for rent

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 $1,025 per month as of May 30, 2026.

Is rent up or down in New Albany?

Average rent prices in New Albany have increased by 6% over the last month and have decreased by 16% since last year.

How does New Albany rent compare to the national average?

Rent in New Albany is 47% below the national average, which means renters are paying approximately $925 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 $41,000/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).

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