6

New Albany, IN Condos for Rent

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  • /23

    $925 - $950

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • Condo for Rent

    818 E Elm St, New Albany, IN 47150

    Welcome to 818 E Elm Street! Totally renovated historic home in downtown New Albany, featuring a main floor 1 bedroom apartment. All apartments have custom tile tub/shower, luxury vinyl plank flooring, new appliances, granite countertops and new kitchen cabinets.Located within walking distance of all the restaurants, shops, YMCA and more!Residents pay for electric, water and

    818 E Elm St, New Albany, IN 47150
  • /23

    $925 - $950

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • Condo for Rent

    818 E Elm St, New Albany, IN 47150

    Welcome to 818 E Elm Street! Totally renovated historic home in downtown New Albany, featuring a main floor 1 bedroom apartment. All apartments have custom tile tub/shower, luxury vinyl plank flooring, new appliances, granite countertops and new kitchen cabinets.Located within walking distance of all the restaurants, shops, YMCA and more!Residents pay for electric, water and

    818 E Elm St, New Albany, IN 47150
  • /4

    $1,075 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    145-151 E Main St Unit 147-200, New Albany, IN 47150

    Property Id: 1692814 Experience downtown living in this distinctive one-bedroom, one-bath apartment at 145 E. Main Street. Located in a beautifully renovated historic building across from city hall and coffee crossing, this apartment combines original architectural character with clean, modern finishes. The open living and kitchen area features high ceilings, oversized windows, exposed

    145-151 E Main St Unit 147-200, New Albany, IN 47150
  • /13

    $750 Per Month

    • 1 Bed
    • 1 Bath
    • 650 Sq Ft
    • Condo for Rent

    2121 Culbertson Ave Unit D, New Albany, IN 47150

    Charming Efficiency Apartment in the Heart of New Albany! Welcome to this 1 bed, 1 bath efficiency apartment offering 650 sq ft of comfortable living space just minutes from downtown New Albany's shopping, dining, and entertainment. This unit also features off-street parking in the rear, water included in rent, and shared access to washer and dryer facilities in the basement. No pets permitted.

    2121 Culbertson Ave Unit D, New Albany, IN 47150

Frequently Asked Questions

How much does it cost to rent a condo in New Albany, IN?
The median rent for a condo in New Albany, IN is $950 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in New Albany, IN?
To comfortably afford the median rent in New Albany, IN, a household needs to earn roughly $44,240 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,106 per month in New Albany, IN, renters typically need to show $3,318 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in New Albany, IN?
In New Albany, IN, the price-to-rent ratio is 18.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in New Albany, IN are best for renting a condo?
The best neighborhood for renting in New Albany, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Portland, Shawnee, Russell, Chickasaw and Park Hill, each with its own character and price range.

Rental Home Trends

Number of Condos for Rent
4
Median Condo Rent
$950
Median 1 Bedroom Condo Rent
$847
Median 2 Bedroom Condo Rent
$1,095
Median 3 Bedroom Condo Rent
$1,245
How to Rent a Home