3-Bedroom Apartment Rent in New Albany, IN
Median asking rent for a 3-bedroom apartment in New Albany, Indiana as of July 2026. That's +36% higher than the citywide median of $1,204 and +23% below the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Indiana
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Frankfort | $924 |
| 2 | New Castle | $1,130 |
| 3 | East Chicago | $1,150 |
| 4 | La Porte | $1,152 |
| 5 | Crawfordsville | $1,158 |
| 6 | Richmond | $1,160 |
| 7 | Marion | $1,210 |
| 8 | Angola | $1,220 |
| 9 | Delphi | $1,230 |
| 10 | Logansport | $1,230 |
| 11 | Terre Haute | $1,233 |
| 12 | Kokomo | $1,245 |
| 13 | Muncie | $1,283 |
| 14 | Michigan City | $1,290 |
| 15 | Warsaw | $1,300 |
Most expensive cities for a 3-bedroom in Indiana
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $2,430 |
| 2 | Whitestown | $2,330 |
| 3 | Carmel | $2,320 |
| 4 | McCordsville | $2,110 |
| 5 | Lawrence | $2,110 |
| 6 | Avon | $2,080 |
| 7 | Westfield | $2,060 |
| 8 | Fishers | $2,050 |
| 9 | Brownsburg | $1,960 |
| 10 | Granger | $1,910 |
| 11 | Sellersburg | $1,880 |
| 12 | Noblesville | $1,840 |
| 13 | Plainfield | $1,800 |
| 14 | Munster | $1,790 |
| 15 | Greenwood | $1,775 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 3-bedroom rents than New Albany.
| City | Distance | 3-Bedroom rent | vs New Albany |
|---|---|---|---|
| Clarksville, IN | 5.8 mi | $1,600 | $-40 (-2%) |
| Sellersburg, IN | 9.5 mi | $1,880 | +$240 (+15%) |
| Jeffersonville, IN | 11 mi | $1,740 | +$100 (+6%) |
| Louisville, KY | 11.8 mi | $1,818 | +$178 (+11%) |
| Prospect, KY | 18.3 mi | $2,580 | +$940 (+57%) |
| Charlestown, IN | 19.5 mi | $1,550 | $-90 (-5%) |
| Shepherdsville, KY | 24.6 mi | $1,590 | $-50 (-3%) |
| Radcliff, KY | 33 mi | $1,420 | $-220 (-13%) |
| Vine Grove, KY | 36.1 mi | $1,870 | +$230 (+14%) |
| Elizabethtown, KY | 40 mi | $1,600 | $-40 (-2%) |
| Bardstown, KY | 42.3 mi | $1,270 | $-370 (-23%) |
| Shelbyville, KY | 44.4 mi | $1,540 | $-100 (-6%) |
3-Bedroom rent in New Albany — common questions
How much is a 3-bedroom apartment in New Albany?
As of July 2026, the median 3-bedroom apartment rent in New Albany, Indiana is $1,640 per month. This is +36% higher than the citywide median of $1,204.
What income do you need to afford a 3-bedroom in New Albany?
Using the standard 30% rent-to-income rule, you would need an annual income of about $65,600 ($5,467/month gross), which works out to roughly $31.54/hour at a full-time job.
Is New Albany expensive for a 3-bedroom compared to the rest of the US?
New Albany's 3-bedroom median of $1,640 is +23% below the national 3-bedroom median of $2,130. It ranks in the 24th percentile of US cities tracked.
How does New Albany rank for 3-bedroom rent in Indiana?
Among the 65 cities in Indiana with 3-bedroom data, New Albany ranks #44 from cheapest to most expensive.
Are there cheaper 3-bedroom options near New Albany?
Yes — nearby cities with cheaper 3-bedroom rents include Clarksville ($1,600), Charlestown ($1,550), Shepherdsville ($1,590).