Average Rent in New Albany, IN
What is the average rent in New Albany, IN?
The average listed apartment rent in New Albany, IN is $1,099 per month, as of November 8, 2026. This sample includes 6 priced apartments in 1 building. These are tracked asking prices, not signed leases.
We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.
1 apartment buildings, 6 units. Recorded asking prices and price history where available.
Browse apartments in New Albany, INAvg Rent
$1,099/mo
median $1,105
market average
Cheapest
$990/mo
Lancaster Lofts
Properties
1
tracked daily
Units
6
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 | $990 | $1,099 | $1.85/ft² | 4.5 (21) | 6 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
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 listed rent in New Albany, IN is $1,099 per month, based on 6 units across 1 apartment communities. Prices range from $990 at Lancaster Lofts to $1,281 at Lancaster Lofts.
We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage.
Market Context
Who rents in New Albany, IN, and what they pay
Tracked one-bedroom rent in New Albany, IN averages $1,099/mo . At the local median household income of $54,152, that works out to 24% 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 13% 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
$44,000/year
Based on the 30 percent rule, using our tracked average rent of $1,099/mo.
Comfortable income
$53,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($990/mo), you need to earn at least $40,000/year.
Median household income in New Albany, IN is $54,152 , about 3% above 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) | $1,099 |
| Utilities | $342 |
| Groceries | $509 |
| Transportation | $815 |
| Healthcare | $398 |
| Other goods and services | $636 |
| Estimated total | $3,800/mo |
Population
37,589
Median household income
$54,152
Census median rent
$971/mo
Census rent burden
28.5%
Median age
38.0
Mean commute
20 min
Methodology
Rent data
We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.
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
We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.
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 |
|---|---|---|---|---|
| Greenwood, IN | $1,341 | +22% | -7.6% | 36 |
| Fishers, IN | $2,014 | +83% | +1.8% | 14 |
| Westfield, IN | $1,872 | +70% | +7.2% | 13 |
| Terre Haute, IN | $1,352 | +23% | -2.1% | 12 |
| Indianapolis, IN | $1,775 | +62% | +6.5% | 11 |
| Kokomo, IN | $1,116 | +2% | -2.2% | 11 |
Frequently asked questions
What is the average rent in New Albany, IN?
The average listed apartment rent in New Albany, IN is $1,099 per month, as of November 8, 2026. This sample includes 6 priced apartments in 1 building. These are tracked asking prices, not signed leases.
What is the median rent in New Albany, IN?
The median asking rent in New Albany, IN is $1,105 per month, computed from 6 priced listings; check the observation dates shown on this page. The average is $1,099/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in New Albany, IN?
The lowest available rent in New Albany, IN starts at $990 per month. Confirm current availability, fees, and lease terms with the selected listing.
How much is a 1-bedroom apartment in New Albany, IN?
1-bedroom apartments in New Albany, IN average $1,099/mo. The lowest listed 1-bedroom starts at $990/mo across 6 units tracked.
Rent Trends in New Albany, IN
Track how apartment prices are changing over time.
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