2-Bedroom Apartment Rent in New Albany, IN
Median asking rent for a 2-bedroom apartment in New Albany, Indiana as of August 2026. That's +8% higher than the citywide median of $1,171 and +23% below the national 2-bedroom median of $1,655.
Income needed for a 2-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 2-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 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Crawfordsville | $821 |
| 2 | East Chicago | $930 |
| 3 | Marion | $930 |
| 4 | New Castle | $930 |
| 5 | Richmond | $940 |
| 6 | Angola | $970 |
| 7 | La Porte | $978 |
| 8 | Muncie | $978 |
| 9 | Kokomo | $990 |
| 10 | Michigan City | $1,020 |
| 11 | Terre Haute | $1,023 |
| 12 | Elkhart | $1,055 |
| 13 | Warsaw | $1,060 |
| 14 | Evansville | $1,068 |
| 15 | Mishawaka | $1,085 |
Most expensive cities for a 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $1,870 |
| 2 | Whitestown | $1,790 |
| 3 | Carmel | $1,783 |
| 4 | McCordsville | $1,620 |
| 5 | Lawrence | $1,620 |
| 6 | Avon | $1,600 |
| 7 | Westfield | $1,580 |
| 8 | Fishers | $1,577 |
| 9 | Granger | $1,540 |
| 10 | Brownsburg | $1,510 |
| 11 | Sellersburg | $1,460 |
| 12 | Munster | $1,450 |
| 13 | Merrillville | $1,440 |
| 14 | Noblesville | $1,415 |
| 15 | Highland | $1,390 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than New Albany.
| City | Distance | 2-Bedroom rent | vs New Albany |
|---|---|---|---|
| Clarksville, IN | 5.8 mi | $1,240 | $-30 (-2%) |
| Sellersburg, IN | 9.5 mi | $1,460 | +$190 (+15%) |
| Jeffersonville, IN | 11 mi | $1,350 | +$80 (+6%) |
| Louisville, KY | 11.8 mi | $1,408 | +$138 (+11%) |
| Prospect, KY | 18.3 mi | $2,000 | +$730 (+57%) |
| Shepherdsville, KY | 24.6 mi | $1,230 | $-40 (-3%) |
| La Grange, KY | 32.4 mi | $1,370 | +$100 (+8%) |
| Radcliff, KY | 33 mi | $1,010 | $-260 (-20%) |
| Vine Grove, KY | 36.1 mi | $1,360 | +$90 (+7%) |
| Elizabethtown, KY | 40 mi | $1,140 | $-130 (-10%) |
| Bardstown, KY | 42.3 mi | $920 | $-350 (-28%) |
| Shelbyville, KY | 44.4 mi | $1,180 | $-90 (-7%) |
2-Bedroom rent in New Albany — common questions
How much is a 2-bedroom apartment in New Albany?
As of August 2026, the median 2-bedroom apartment rent in New Albany, Indiana is $1,270 per month. This is +8% higher than the citywide median of $1,171.
What income do you need to afford a 2-bedroom in New Albany?
Using the standard 30% rent-to-income rule, you would need an annual income of about $50,800 ($4,233/month gross), which works out to roughly $24.42/hour at a full-time job.
Is New Albany expensive for a 2-bedroom compared to the rest of the US?
New Albany's 2-bedroom median of $1,270 is +23% below the national 2-bedroom median of $1,655. It ranks in the 24th percentile of US cities tracked.
How does New Albany rank for 2-bedroom rent in Indiana?
Among the 62 cities in Indiana with 2-bedroom data, New Albany ranks #40 from cheapest to most expensive.
Are there cheaper 2-bedroom options near New Albany?
Yes — nearby cities with cheaper 2-bedroom rents include Clarksville ($1,240), Shepherdsville ($1,230), Radcliff ($1,010).