Bedroom count
Property type
Last updated on June 7, 2026
Average rent in
Downtown New Albany, New Albany, IN
Average rent in
Last updated on June 7, 2026
Bedroom count
Property type
Median rent
Median rent in Downtown New Albany
$1,254/mo
12%vs previous year
The average rent in Downtown New Albany is $1,254 per month as of June 2026. This is 36% below the national average rent, or $695 less per month.
average price per square foot
Total rentals
Available rentals in Downtown New Albany
11
for rent on Zumper.com as of June 2026
Rent price distribution
Share of Downtown New Albany rentals at each price point
This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Downtown New Albany, New Albany, IN, in the last 30 days, rent estimates may not represent the actual market.
Rent trends in Downtown New Albany, New Albany, IN
Average rent prices in Downtown New Albany have decreased by 13% over the last month and have increased by 12% 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
Downtown New Albany, New Albany, IN
Rent prices in Downtown New Albany vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Downtown New Albany is $1,245, whereas a house costs $1,850. 1-bedroom apartments in Downtown New Albany run $850 on average, while 2-bedroom apartments are $1,250.
Listings | ||||
|---|---|---|---|---|
Studio | $1,130 | No Change | - | |
1 bedroom | $950 | No Change | 9% | |
2 bedroom | $1,305 | No Change | 17% | |
3 bedroom | $1,820 | - | - | |
4 bedroom | $2,300 | - | - |
Listings | ||
|---|---|---|
Algonquin | $922 | |
Central Business District | $1,230 | |
Cherokee Triangle | $1,249 | |
Portland | $938 | |
Shawnee | $1,157 | |
Shively | $1,050 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,245 |  2% | No Change | |
Condos | $950 | 1% | - | |
Houses | $1,850 | No Change | No Change |
Studio
Average rent
$1,130
1 bedroom
Average rent
$950
Last year
9%
2 bedroom
Average rent
$1,305
Last year
17%
3 bedroom
Average rent
$1,820
4 bedroom
Average rent
$2,300
Algonquin
Average rent
$922
Central Business District
Average rent
$1,230
Cherokee Triangle
Average rent
$1,249
Portland
Average rent
$938
Shawnee
Average rent
$1,157
Shively
Average rent
$1,050
Apartments
Average rent
$1,245
Last 30 days
2%
Condos
Average rent
$950
Last 30 days
1%
Houses
Average rent
$1,850
The table above reflects average rent prices in Downtown New Albany, 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 Downtown New Albany, New Albany, IN compare to other neighborhoods?
Compare median rent prices in Downtown New Albany and Algonquin by all bedroom counts and property types.
Downtown New Albany
36%lower than the national median
53%lower than the national median
Takeaway
The median rent for all rentals in Downtown New Albany, New Albany, IN is 36% higher than the median rent in Algonquin, Louisville, KY.
Average rent in nearby neighborhoods
Explore rent trends in neighboring markets
Discover rentals in Downtown New Albany, New Albany, IN
2d ago
309 E Spring St, New Albany, IN 47150
1–2 beds
1–2 baths
$850–$1,250
Apartment for rent
2d ago
309 E Spring St, New Albany, IN 47150
1–2 beds
1–2 baths
$850–$1,250
Apartment for rent
2d ago
309 E Spring St, New Albany, IN 47150
1–2 beds
1–2 baths
$850–$1,250
Apartment for rent
Stay up to date with rental market insights
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Frequently asked questions for Downtown New Albany, New Albany, IN
Quick answers to common questions about the Downtown New Albany rental market.
How much is rent in Downtown New Albany?
The average rent in Downtown New Albany is $1,254 per month as of June 6, 2026.
Is rent up or down in Downtown New Albany?
Average rent prices in Downtown New Albany have decreased by 13% over the last month and have increased by 12% since last year.
How does Downtown New Albany rent compare to the national average?
Rent in Downtown New Albany is 36% below the national average, which means renters are paying approximately $695 less per month.
What salary do I need to afford rent in Downtown New Albany?
To comfortably afford rent in Downtown New Albany, you'd need to earn approximately $50,000/year, based on spending no more than 30% of your income on rent.
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).