New Albany, IN Homes for Rent

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  Starting at $1,195 Per Month

  • 2 Beds

  4719 Grant Line Rd, New Albany, IN 47150

  Luxury Living and Exceptional Service in New AlbanyAt Silver Creek Commons, luxury meets exceptional service. Our professionally managed community and dedicated team ensure your apartment feels like home from day one. This 216-unit luxury apartment community sits along the northern banks of the Ohio River with easy access to I-64, offering modern features and spacious floor plans complete

  Silver Creek Commons East & West

  

  4719 Grant Line Rd, New Albany, IN 47150
• Explore New Albany

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  /83

  Starting at $899 Per Month

  • 1 - 2 Beds

  940 University Woods Dr, New Albany, IN 47150

  Welcome Home to The Monroe!

  The Monroe

  

  940 University Woods Dr, New Albany, IN 47150
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  /16

  Starting at $1,155 Per Month

  • 1 - 3 Beds

  1429 Slate Run Rd, New Albany, IN 47150

  Discover the perfect balance of expansive living and modern comfort at Lochwood Apartments, where we offer some of the most generous floor plans in New Albany. Our newly renovated two-bedroom garden apartments and townhomes boast an incredible 1,500 square feet of space far exceeding the market average at a value-driven price point that truly stands out. Each home is designed with your lifestyle

  Lochwood

  

  1429 Slate Run Rd, New Albany, IN 47150
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  Starting at $1,250 Per Month

  • 2 - 3 Beds

  718 Academy Dr, New Albany, IN 47150

  Academy Park Apartments is now leasing in charming New Albany. Located close to Academy School, IU Southeast, and Purdue College of Technology. Our community is only minutes from I-64 and I-265, making your commute easier. We offer two and three bedroom apartments with 2 full baths. We are proudly managed by Clover Properties.

  Academy Park Apartments

  

  718 Academy Dr, New Albany, IN 47150
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  Starting at $719 Per Month

  • Studio - 2 Beds

  1810 Graybrook Ln, New Albany, IN 47150

  Brookview Glen Apartments located in New Albany, Indiana has studio, one- and two-bedroom apartments for rent. Brookview Glen Apartments is designed to accommodate the needs of active adults 55 and older. Our homes feature air conditioning, carpet, fully equipped kitchens, washer and dryer connections, and ceiling fans. Our pet-friendly community features a community room, salon, library, and

  Brookview Glen

  1810 Graybrook Ln, New Albany, IN 47150
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  Starting at $1,050 Per Month

  • 1 - 2 Beds

  200 Arbor Place, New Albany, IN 47150

  Give yourself the Royal Treatment when you rent a one or two bedroom at Arbor Place. Each apartment has been decorated with care and good taste in which you will find yourself feeling right at home. Several floor plans offered. Attractive landscaped grounds and well kept facilities accentuate its beauty and desirability.Application fee: $50 and $75 married

  Arbor Place Apartments

  

  200 Arbor Place, New Albany, IN 47150
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  Starting at $1,060 Per Month

  • 1 - 3 Beds

  2406 Green Valley Rd, New Albany, IN 47150

  If you are looking for an upscale luxury home apartment with great accessibility to the interstate and other close-by amenities, then the Villas at Green Valley are for you! You will love the Open Floor Plan, Abundance of Storage, Huge Kitchen Island, Eat-In Nook, Granite Countertops, Stainless Steel Appliances and a Private Covered Patio! Our 1, 2 and 3 bedroom floorplans offer 9' ceilings and

  Villas at Green Valley

  

  2406 Green Valley Rd, New Albany, IN 47150
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  /13

  Starting at $1,165 Per Month

  • 2 Beds

  4123-4127 Klerner Ln, New Albany, IN 47150

  Klerner Lane Apartments

  4123-4127 Klerner Ln, New Albany, IN 47150
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  Starting at $799 Per Month

  • 1 - 3 Beds

  2313 Grant Line Rd, New Albany, IN 47150

  Huntley Ridge New Albany Apartments provides a wonderful selection of spacious 1, 2 & 3 bedroom apartments tucked away in New Albany, IN. Our landscaped grounds offer plenty of options for you, your family, and your pets to enjoy the fresh air.Living in an apartment that is on Grant Line Road grants you easy access to I-64 and I-265 to commute to their needed destinations. Downtown Louisville is

  Huntley Ridge New Albany

  

  2313 Grant Line Rd, New Albany, IN 47150
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  Starting at $1,026 Per Month

  • 1 - 3 Beds

  600 Country Club Dr, New Albany, IN 47150

  Welcome to Sheffield Square Apartments! Conveniently located in the heart of New Albany, Indiana, near Binford Park and New Albany Golf Course, you will be close to everything you need but nestled away in a quiet community. You will find your new perfect place with 9 different options of flats and townhomes to choose from. Massive square footages, beautiful renovations, and unique amenities are

  Sheffield Square

  

  600 Country Club Dr, New Albany, IN 47150
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  Starting at $1,025 Per Month

  • Studio - 2 Beds

  411 E Spring St, New Albany, IN 47150

  Featuring 197 luxury studios, one and two-bedroom apartments, 1,650 square feet of retail space, and high-end amenities, The Breakwater is the first mixed-use, a luxury apartment community in downtown New Albany. Located on East Spring Street at the site of the former Coyle Chevrolet property, The Breakwater residents enjoy Upscale, Resort-Style Amenities, including a Heated-Salt Water Luxury

  The Breakwater

  

  411 E Spring St, New Albany, IN 47150
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  /19

  Starting at $681 Per Month

  • 1 - 3 Beds

  200 Village Dr W, New Albany, IN 47150

  Valley Ridge

  

  200 Village Dr W, New Albany, IN 47150
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  Starting at $739 Per Month

  • 1 - 3 Beds

  2702 Paoli Pike, New Albany, IN 47150

  Welcome to Knobs Pointe, your dream community where comfort, leisure, and entertainment are designed with your lifestyle in mind. With a prime location and an array of amenities, our pet-friendly apartments in New Albany, Indiana, have everything you need to feel right at home.Whether you choose a one, two, or three-bedroom apartment, youll benefit from a host of convenient features and services

  Knobs Pointe Apartments

  

  2702 Paoli Pike, New Albany, IN 47150
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  Starting at $1,000

  Total Monthly Price

  • 2 Beds

  3206 Plaza Dr, New Albany, IN 47150

  Our modern and spacious apartment homes are the affordable luxury you have been waiting for! These apartments have the look and feel of private homes. Plaza Square is conveniently located in New Albany, minutes from Louisville and steps away from Mt. Tabor schools. This is a community you will be proud to call home!

  Plaza Square Apartments

  3206 Plaza Dr, New Albany, IN 47150
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  Starting at $795 Per Month

  • 1 - 2 Beds

  1808 Bono Rd, New Albany, IN 47150

  Gaslight Square Apartments

  1808 Bono Rd, New Albany, IN 47150
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  Starting at $775 Per Month

  • 1 - 2 Beds

  2615-2715 Green Valley Rd, New Albany, IN 47150

  Great location. Scenic atmosphere with several trees that make you feel like you're in the country. Some units are newly remodeled. Some units are flats so no one is above you or below you. Let us help show you your new home. Ask about our newly remodeled units!

  Stone Creek Apartments I & II

  2615-2715 Green Valley Rd, New Albany, IN 47150
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  Starting at $889 Per Month

  • Studio - 2 Beds

  1 Plaza Dr, New Albany, IN 47150

  Welcome to Willow Run. Our apartments in New Albany, IN near Indiana University Southeast are located within five minutes of I-265, I-264 & I-64, shopping and restaurants. Major employers in the area are Baptist Health Floyd & Indiana University Southeast. We offer many flexible lease terms for our Studio, 1 & 2 bedroom apartments to suit your needs and our location is ideal for student

  Willow Run

  

  1 Plaza Dr, New Albany, IN 47150
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  Starting at $765 Per Month

  • 1 - 2 Beds

  905 E Elm St, New Albany, IN 47150

  Welcome Home to Elm Grove Apartments! Our newly renovated studio, 1-bedroom garden and 2-bedroom townhomes are located in the heart of downtown New Albany, walking distance to all the great shopping, dining, and entertainment that New Albany offers and minutes from the Sherman Minton bridge. Our open floor plan designs feature:- Energy efficient appliances including refrigerator,

  Elm Grove Apartments

  905 E Elm St, New Albany, IN 47150
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  $1,450 Per Month

  • 3 Beds
  • 1 Bath
  • 1,063 Sq Ft
  • House for Rent

  1813 E Elm St, New Albany, IN 47150

  Property Id: 1197337 This charming 3 bedroom, 1 bathroom single-family home features new floors throughout and a remodeled eat-in kitchen. The backyard is partially fenced with a small patio perfect for grilling out. A 2-car garage on the property is available for the tenant's use. This pet-friendly property is perfect for you and your furry friends. There is nothing not to love

  1813 E Elm St, New Albany, IN 47150
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  $1,161 Per Month

  • 2 Beds
  • 2 Baths
  • 952 Sq Ft
  • House for Rent

  1727 Klerner Ln, New Albany, IN 47150

  Check out this newly upgraded 2-bedroom, 2-bath home on Klerner Ln.We are pet-friendly! Your dogs and cats are welcome at 1727 Klerner Lane.This home provides a contemporary living experience thanks to recent upgrades. Enjoy the convenience of whole-home Air Conditioning, washer/dryer connections, and a full suite of kitchen appliances including a an electric stove and oven, and a

  1727 Klerner Ln, New Albany, IN 47150
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  $1,045 Per Month

  • 2 Beds
  • 1 Bath
  • 1,034 Sq Ft
  • House for Rent

  630 W 8th St, New Albany, IN 47150

  Step into this newly-remodeled and refreshed 2-bedroom, 1-bath home on W 8th St.We are pet-friendly! Your dogs and cats are welcome at 630 West 8th Street.This home's recent remodel creates a contemporary and pleasant atmosphere. It's equipped with modern necessities such as whole-home Air Conditioning, a gas range, a Dishwasher, a refrigerator, and washer/dryer hookups. The

  630 W 8th St, New Albany, IN 47150
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  $1,025 Per Month

  • 2 Beds
  • 1 Bath
  • 936 Sq Ft
  • House for Rent

  1307 E Market St, New Albany, IN 47150

  Property Id: 2444759 One Month Free Rent!!!! Charming and updated 2 bedroom, 1 bathroom home for rent offering comfortable living and a convenient layout. Inside you’ll find fresh neutral paint, durable plank flooring, and bright living spaces that make the home feel clean and welcoming. The living room flows easily into the rest of the home, with a hallway leading to the bedrooms and

  1307 E Market St, New Albany, IN 47150
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  $1,088 Per Month

  • 3 Beds
  • 1 Bath
  • 980 Sq Ft
  • House for Rent

  3812 St Joseph Rd, New Albany, IN 47150

  Tour this charmingly refreshed 3-bedroom, 1-bath home on St Joseph Rd.We are pet-friendly! Your dogs and cats are welcome at 3812 Saint Joseph Road.With recent updates, this property offers an inviting, up-to-date living space. Key features include whole-home Air Conditioning, a refrigerator, and washer/dryer connections. The kitchen is fully equipped with an electric Stove and

  3812 St Joseph Rd, New Albany, IN 47150
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  $1,825 Per Month

  • 3 Beds
  • 2 Baths
  • 1,458 Sq Ft
  • House for Rent

  1810 E Spring St, New Albany, IN 47150

  Property Id: 2725670 This beautifully renovated 3-bedroom, 2-bath home combines the character of an older New Albany house with thoughtful modern updates. Large windows fill the home with natural light, while high ceilings and distinctive architectural details preserve its historic character. The main level includes a comfortable living room, a separate dining area with an oversized

  1810 E Spring St, New Albany, IN 47150
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  $1,000

  Total Monthly Price

  • 1 Bed
  • 1 Bath
  • 1,000 Sq Ft
  • Condo for Rent

  904 E Main St Unit Seven, New Albany, IN 47150

  904 E Main St Unit Seven, New Albany, IN 47150
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  $900

  Total Monthly Price

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

  1127 Aebersold Dr Unit 1127, New Albany, IN 47150

  Your future home is a 1 bed 1 bath with a full basement the length of the apartment for storage. It is located on a quiet and safe street. It has central air and gas heat. Washer and dryer hook up. I pay for trash removal and sewer. You will pay for Electric, Gas and water. Internet is available. Prefer no pets and no smoking inside unit.

  1127 Aebersold Dr Unit 1127, New Albany, IN 47150
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  $1,395 Per Month

  • 3 Beds
  • 2 Baths
  • 1,000 Sq Ft
  • Townhouse for Rent

  520 Culbertson Ave Unit B, New Albany, IN 47150

  New Albany 3 bedroom, 2 bath townhome. Discover the perfect blend of comfort and modern living in this beautifully updated townhome. Ideally situated in the vibrant community. The entire home has been freshly painted, creating a bright and inviting atmosphere. The kitchen has been fully upgraded with new cabinets, countertops, sink, faucets, and appliances, offering a contemporary space for

  Brian Stocker Property Management of Louisville LLC

  520 Culbertson Ave Unit B, New Albany, IN 47150
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  $1,800 Per Month

  • 3 Beds
  • 2.5 Baths
  • 1,556 Sq Ft
  • Condo for Rent

  611 Knob Hl Ave Unit 611 Knob Hill Rd, New Albany, IN 47150

  Welcome to this Beautiful 3 bedroom, 2.5 bathroom townhome nestled in a quiet neighborhood. Home features lots of space, including cabinet space in the kitchen, LVP flooring on the first floor, master suite with double sink vanity and walk-in closet, a 2nd floor washer and dryer, next to the master bedroom, single car garage. Home is in a great location, at the end of a cul-de-sac in Pinehurst

  611 Knob Hl Ave Unit 611 Knob Hill Rd, New Albany, IN 47150
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  $795 Per Month

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

  1847 E Oak St Unit 4, New Albany, IN 47150

  This studio-bedroom, 1-bath second-floor apartment in New Albany is a simple, affordable option in a great location. Large shared covered front porch to relax on, and a kitchen with an oven and refrigerator already included. Owner covers water and trash. Just minutes from downtown New Albany\'s restaurants, breweries, and local shops, with the Big Four Bridge and Ohio River waterfront a short

  Brian Stocker Property Management of Louisville LLC

  1847 E Oak St Unit 4, New Albany, IN 47150
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  $1,775 Per Month

  • 3 Beds
  • 1 Bath
  • 1,174 Sq Ft
  • House for Rent

  1827 Culbertson Ave, New Albany, IN 47150

  Welcome to this beautiful, recently refurbished 3 bed, 1 bath home near downtown New Albany. Updates include fresh paint throughout, new LVP flooring, newly installed cabinets/countertops, new microwave, new appliances and new light fixtures, faucets and door hardware. Interior has some historical features as well with 12 foot ceilings.. Additional storage space in the utility room, detached

  1827 Culbertson Ave, New Albany, IN 47150
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  $595 Per Month

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

  2032 Culbertson Ave Unit 6, New Albany, IN 47150

  This studio-bedroom 1-bath apartment in a well-maintained 6-plex in New Albany is a straightforward, affordable option with the essentials covered. Private bathroom, off-street parking, oven and refrigerator included, and A/C window units provided. Owner covers water and trash. Just minutes from downtown New Albany's restaurants, breweries, and local shops, with the Big Four Bridge and Ohio River

  Brian Stocker Property Management of Louisville LLC

  2032 Culbertson Ave Unit 6, New Albany, IN 47150
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  $1,600 Per Month

  • 3 Beds
  • 1 Bath
  • 1,600 Sq Ft
  • House for Rent

  1834 Culbertson Ave, New Albany, IN 47150

  This newly updated home is located in a quiet and charming part of New Albany.The property features a large great room with vaulted ceilings and a spacious eat-in kitchen equipped with new stainless-steel appliances and ample counter space, perfect for family dinners or entertaining. It includes three bedrooms, one bathroom, and two large upstairs bonus rooms that are ideal for a home

  1834 Culbertson Ave, New Albany, IN 47150
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  $1,050 Per Month

  • 2 Beds
  • 1 Bath
  • 750 Sq Ft
  • Apartment for Rent

  821 Commerce St, New Albany, IN 47150

  This 2-bedroom, 1-bath duplex apartment just off Seventh Street in New Albany is a practical, well-equipped rental with more included than most. The open kitchen comes with updated appliances, in-unit washer and dryer are already in place, two dedicated parking spots out front, and a shed for extra storage out back. Just minutes from downtown New Albany's restaurants, breweries, and local shops,

  Brian Stocker Property Management of Louisville LLC

  821 Commerce St, New Albany, IN 47150
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  $1,600 Per Month

  • 4 Beds
  • 2 Baths
  • 1,752 Sq Ft
  • House for Rent

  226 Sloemer Ave, New Albany, IN 47150

  Live just minutes from downtown New Albany in this fully renovated 4-bedroom, 2-bath home on a quiet street. Everything is brand new, HVAC, roof, water heater, plumbing, electrical, and more, offering comfort and peace of mind.Enjoy an open-concept layout with luxury vinyl flooring throughout, a stylish kitchen with dining space, and two bedrooms on each level. The upstairs Jack-and-Jill

  226 Sloemer Ave, New Albany, IN 47150
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  $1,050 Per Month

  • 2 Beds
  • 1 Bath
  • 1,715 Sq Ft
  • House for Rent

  3831 Horne Ave Unit B, New Albany, IN 47150

  This charming 2 bedroom/1bathroom duplex won't last lone! This unit features beautiful carpeted floors, off-street parking, washer/dryer hook ups and more! One side of duplex is for rent, the other is currently rented. Please contact listing agent for more information.

  Reed Martin RE/MAX FIRST

  3831 Horne Ave Unit B, New Albany, IN 47150
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  $1,200 Per Month

  • 1 Bed
  • 1 Bath
  • House for Rent

  905 E Market St, New Albany, IN 47150

  Welcome to your new sanctuary! This charming one-bedroom, one-bathroom home is the perfect retreat for those seeking comfort and convenience. Nestled in a serene neighborhood, this residence offers a harmonious blend of modern amenities and cozy living. Step inside to discover an inviting layout that maximizes space and natural light, creating an atmosphere that is both warm and

  905 E Market St, New Albany, IN 47150
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  $750 Per Month

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

  121 E 14th St Unit 4, New Albany, IN 47150

  This first-floor 1-bedroom, 1-bathroom apartment at 121 E. 14th St. in New Albany has been thoughtfully refreshed from top to bottom. The original hardwood floors have been brought back to life, the walls are freshly painted, and the kitchen has been completely updated with new cabinets, countertops, flooring, and appliances. It feels new, but with the character that only an older building can

  Brian Stocker Property Management of Louisville LLC

  121 E 14th St Unit 4, New Albany, IN 47150
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  $2,040 Per Month

  • 4 Beds
  • 2 Baths
  • 1,324 Sq Ft
  • House for Rent

  155 Cherry St, New Albany, IN 47150

  Welcome to this beautiful, recently constructed 4 Bed, 2 Bath located near State St in New Albany. Built in 2024, inside, home features an open floor plan with a beautiful eat-in kitchen with stainless steel appliances, breakfast bar, pantry. Home also features a master suite with a nice sized private bath with a large walk-in shower, master bedroom with a walk-in closet, and utility closet with

  155 Cherry St, New Albany, IN 47150
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  $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
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  $1,190 Per Month

  • 1 Bed
  • 1 Bath
  • 764 Sq Ft
  • House for Rent

  1227 Vincennes St, New Albany, IN 47150

  Welcome to this beautiful, newly remodeled 1 bed / 1 bath single family home. Home features an open floor plan with high ceilings, butcher block countertops, new appliances, new LVP flooring, washer/dryer hookups, and a beautiful, fenced in stone patio at the side of the home facing Vincennes St. Great location, near downtown New Albany and minutes from the Sherman Minton bridge and

  1227 Vincennes St, New Albany, IN 47150

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Why Live in New Albany

New Albany, Indiana, is a historic community established in 1813 along the Ohio River, just minutes from Louisville, Kentucky. The city features a vibrant downtown with boutique shops, diverse dining options, and a growing artistic scene. Residents enjoy trendy spots like Agave & Rye for mix-and-match tacos and The Exchange Pub & Kitchen for farm-to-table dining. The High Dive offers a speakeasy-style bar experience, while Seeds and Greens Natural Market and Deli provides health-conscious grocery options. Housing in New Albany ranges from suburban-style cottages to vintage Craftsman homes and large Victorian estates, with affordable prices attracting many families. The city is home to top-rated New Albany Floyd County Schools, serving over 11,000 students. Indiana University Southeast and Purdue Polytechnic New Albany offer higher education opportunities. New Albany celebrates its history with attractions like the Second Baptist Church, a key site on the Underground Railroad, and hosts events like the Harvest Homecoming festival. The city boasts 17 parks, including Riverfront Park and Loop Island Wetlands, providing ample things to do outdoors. Despite colder winters and the need for flood insurance in some areas, New Albany maintains a flood wall for protection. The city is safer than the national average for violent crimes, with ongoing efforts to reduce crime further. Convenient transportation options include Interstates 64 and 265, TARC bus routes, and proximity to Louisville International Airport, making commuting easy.

Learn more about living in New Albany

Frequently Asked Questions

How much does it cost to rent a home in New Albany, IN?

The median rent for a home in New Albany, IN is $1,250 per month, though prices vary by neighborhood, size, and property type. As of August 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 $50,000 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 $1,250 per month in New Albany, IN, renters typically need to show $3,750 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 16.7, 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 home?

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 home include Portland, Shawnee, Chickasaw, Russell and California, each with its own character and price range.

Rental Trends in New Albany, IN

There are currently 42 homes available for rent in New Albany, IN. The median rent is $1,250 per month, with single-family homes renting at $1,193, townhouses at $1,095 and condos at $995.

Rental Home Trends

Number of Homes for Rent 42	Median Rent $1,250
Median Single Family Home Rent $1,193	Median Townhouse Rent $1,095
Median Condo Rent $995