1-Bedroom Apartment Rent in New Albany, IN
Median asking rent for a 1-bedroom apartment in New Albany, Indiana as of July 2026. That's +14% lower than the citywide median of $1,204 and +25% below the national 1-bedroom median of $1,395.
Income needed for a 1-bedroom in New Albany
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 1-bedroom at the current median rent.
Rent by apartment size in New Albany
Compare New Albany's median rent across every apartment size.
Cheapest cities for a 1-bedroom in Indiana
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Frankfort | $604 |
| 2 | La Porte | $689 |
| 3 | Richmond | $720 |
| 4 | New Castle | $730 |
| 5 | Angola | $740 |
| 6 | Marion | $740 |
| 7 | Crawfordsville | $754 |
| 8 | East Chicago | $770 |
| 9 | Logansport | $780 |
| 10 | Kokomo | $790 |
| 11 | Muncie | $800 |
| 12 | Fortville | $801 |
| 13 | Terre Haute | $810 |
| 14 | Delphi | $820 |
| 15 | Evansville | $835 |
Most expensive cities for a 1-bedroom in Indiana
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $1,600 |
| 2 | Whitestown | $1,530 |
| 3 | Carmel | $1,527 |
| 4 | McCordsville | $1,390 |
| 5 | Lawrence | $1,385 |
| 6 | Avon | $1,370 |
| 7 | Westfield | $1,350 |
| 8 | Fishers | $1,343 |
| 9 | Granger | $1,310 |
| 10 | Brownsburg | $1,290 |
| 11 | Noblesville | $1,210 |
| 12 | Sellersburg | $1,200 |
| 13 | Munster | $1,190 |
| 14 | Merrillville | $1,190 |
| 15 | Plainfield | $1,180 |
Nearby cities — 1-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 1-bedroom rents than New Albany.
| City | Distance | 1-Bedroom rent | vs New Albany |
|---|---|---|---|
| Clarksville, IN | 5.8 mi | $1,020 | $-20 (-2%) |
| Sellersburg, IN | 9.5 mi | $1,200 | +$160 (+15%) |
| Jeffersonville, IN | 11 mi | $1,110 | +$70 (+7%) |
| Louisville, KY | 11.8 mi | $1,159 | +$119 (+11%) |
| Prospect, KY | 18.3 mi | $1,640 | +$600 (+58%) |
| Charlestown, IN | 19.5 mi | $990 | $-50 (-5%) |
| Shepherdsville, KY | 24.6 mi | $1,010 | $-30 (-3%) |
| Radcliff, KY | 33 mi | $810 | $-230 (-22%) |
| Vine Grove, KY | 36.1 mi | $1,070 | +$30 (+3%) |
| Elizabethtown, KY | 40 mi | $910 | $-130 (-12%) |
| Bardstown, KY | 42.3 mi | $700 | $-340 (-33%) |
| Shelbyville, KY | 44.4 mi | $1,040 | — |
1-Bedroom rent in New Albany — common questions
How much is a 1-bedroom apartment in New Albany?
As of July 2026, the median 1-bedroom apartment rent in New Albany, Indiana is $1,040 per month. This is +14% below the citywide median of $1,204.
What income do you need to afford a 1-bedroom in New Albany?
Using the standard 30% rent-to-income rule, you would need an annual income of about $41,600 ($3,467/month gross), which works out to roughly $20.00/hour at a full-time job.
Is New Albany expensive for a 1-bedroom compared to the rest of the US?
New Albany's 1-bedroom median of $1,040 is +25% below the national 1-bedroom median of $1,395. It ranks in the 24th percentile of US cities tracked.
How does New Albany rank for 1-bedroom rent in Indiana?
Among the 65 cities in Indiana with 1-bedroom data, New Albany ranks #37 from cheapest to most expensive.
Are there cheaper 1-bedroom options near New Albany?
Yes — nearby cities with cheaper 1-bedroom rents include Clarksville ($1,020), Charlestown ($990), Shepherdsville ($1,010).