Average Rent in New Albany, IN
1 apartment buildings, 1 units. Daily asking prices with rent history for every building.
Avg Rent
$1,139/mo
market average
Cheapest
$1,139/mo
Lancaster Lofts
Properties
1
tracked daily
Units
1
available now
New Albany, IN Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 1 properties in New Albany, IN.
Average Rent by Property
Starting Price vs Average
Price per Square Foot
New Albany, IN Rent Prices
All 1 properties ranked by lowest available rent.
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Lancaster Lofts 1637 E Market St, New Albany, IN 47150, USA | $1,139 | $1,139 | $1.76 | 4.5 (21) | 1 |
Rent & Price History by Building
By Area
New Albany, IN neighborhoods
Tracked buildings across 1 named neighborhoods. Pick one to see its apartments.
New Albany, IN Average Rent Prices 2026
The average rent in New Albany, IN is $1,139 per month, based on 1 units across 1 apartment communities. Prices range from $1,139 at Lancaster Lofts to $1,139 at Lancaster Lofts.
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in New Albany, IN, and what they pay
Tracked one-bedroom rent in New Albany, IN averages $1,139/mo. At the local median household income of $54,152, that works out to 25% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in New Albany, IN at $971/mo. The current tracked market average runs 17% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in New Albany, IN while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in New Albany, IN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$46,000/year
Based on the 30 percent rule, using our tracked average rent of $1,139/mo.
Comfortable income
$55,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
Median household income in New Albany, IN is $54,152 , about 1% below the comfortable-living threshold.
Cost of living in New Albany, IN
Overall prices in New Albany, IN runs below the national average by about 7% (BEA Regional Price Parity index 93.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by New Albany, IN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,139 |
| Utilities | $342 |
| Groceries | $509 |
| Transportation | $815 |
| Healthcare | $398 |
| Other goods and services | $636 |
| Estimated total | $3,840/mo |
Population
37,589
Median household income
$54,152
Census median rent
$971/mo
Rent as % of income
28.5%
Median age
38.0
Mean commute
20 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Indiana
How New Albany, IN rent compares to other markets in the state.
| City | Avg Rent | vs New Albany, IN | 30-Day Change | Properties |
|---|---|---|---|---|
| Fishers, IN | $1,846 | +62% | -1.9% | 13 |
| Carmel, IN | $1,696 | +49% | -3.4% | 12 |
| Bloomington, IN | $1,658 | +46% | -2.6% | 10 |
| Greenwood, IN | $1,433 | +26% | -1.7% | 10 |
| Westfield, IN | $1,715 | +51% | -- | 9 |
| Fort Wayne, IN | $1,236 | +9% | 0% | 8 |
Frequently asked questions
What is the average rent in New Albany, IN?
The average rent in New Albany, IN is $1,139 per month, based on 1 units across 1 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the cheapest apartment rent in New Albany, IN?
The lowest available rent in New Albany, IN starts at $1,139 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in New Albany, IN?
1-bedroom apartments in New Albany, IN average $1,139/mo. The lowest listed 1-bedroom starts at $1,139/mo across 1 units tracked.
Rent Trends in New Albany, IN
Track how apartment prices are changing over time.
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