Bedroom count
Property type
Last updated on August 29, 2026
Last updated on August 29, 2026
Bedroom count
Property type
Median rent in New Albany
$1,245/mo
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.
average price per square foot
Available rentals in New Albany
23
for rent on Zumper.com as of August 2026
Share of New Albany rentals at each price point
Average rent prices in New Albany have increased by 9% over the last month and have remained the same since last year.
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
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% |
Listings | ||
|---|---|---|
Downtown New Albany | $1,195 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,175 | 8% | No Change | |
Condos | $2,700 | 5% | - | |
Houses | $1,450 | 6% | No Change |
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%
Downtown New Albany
Average rent
$1,195
Apartments
Average rent
$1,175
Last 30 days
8%
Condos
Average rent
$2,700
Last 30 days
5%
Houses
Average rent
$1,450
Last 30 days
6%
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.
Compare median rent prices in New Albany and Audubon Park by all bedroom counts and property types.
New Albany
lower than the national median
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.
Explore rent trends in neighboring markets
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Quick answers to common questions about the New Albany rental market.
The average rent in New Albany is $1,245 per month as of August 22, 2026.
Average rent prices in New Albany have increased by 9% over the last month and have remained the same since last year.
Rent in New Albany is 35% below the national average, which means renters are paying approximately $680 less per month.
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.
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.
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).