4+ Bedroom Apartment Rent in New Albany, IN
Median asking rent for a 4+ bedroom apartment in New Albany, Indiana as of July 2026. That's +58% higher than the citywide median of $1,204 and +25% below the national 4+ bedroom median of $2,520.
Income needed for a 4+ 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 4+ 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 4+ bedroom in Indiana
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Frankfort | $1,115 |
| 2 | East Chicago | $1,230 |
| 3 | Logansport | $1,230 |
| 4 | New Castle | $1,250 |
| 5 | Angola | $1,290 |
| 6 | Richmond | $1,350 |
| 7 | Marion | $1,370 |
| 8 | La Porte | $1,394 |
| 9 | Kokomo | $1,395 |
| 10 | Crawfordsville | $1,398 |
| 11 | Elkhart | $1,400 |
| 12 | Terre Haute | $1,430 |
| 13 | Mishawaka | $1,440 |
| 14 | Delphi | $1,450 |
| 15 | Goshen | $1,460 |
Most expensive cities for a 4+ bedroom in Indiana
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Zionsville | $2,960 |
| 2 | Whitestown | $2,830 |
| 3 | Carmel | $2,820 |
| 4 | McCordsville | $2,560 |
| 5 | Lawrence | $2,560 |
| 6 | Avon | $2,530 |
| 7 | Westfield | $2,500 |
| 8 | Fishers | $2,480 |
| 9 | Brownsburg | $2,390 |
| 10 | Noblesville | $2,235 |
| 11 | Sellersburg | $2,180 |
| 12 | Plainfield | $2,180 |
| 13 | Greenwood | $2,160 |
| 14 | Indianapolis | $2,143 |
| 15 | Granger | $2,040 |
Nearby cities — 4+ bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 4+ bedroom rents than New Albany.
| City | Distance | 4+ Bedroom rent | vs New Albany |
|---|---|---|---|
| Clarksville, IN | 5.8 mi | $1,850 | $-50 (-3%) |
| Sellersburg, IN | 9.5 mi | $2,180 | +$280 (+15%) |
| Jeffersonville, IN | 11 mi | $2,020 | +$120 (+6%) |
| Louisville, KY | 11.8 mi | $2,104 | +$204 (+11%) |
| Prospect, KY | 18.3 mi | $2,990 | +$1,090 (+57%) |
| Charlestown, IN | 19.5 mi | $1,790 | $-110 (-6%) |
| Shepherdsville, KY | 24.6 mi | $1,840 | $-60 (-3%) |
| Radcliff, KY | 33 mi | $1,700 | $-200 (-11%) |
| Vine Grove, KY | 36.1 mi | $2,270 | +$370 (+19%) |
| Elizabethtown, KY | 40 mi | $1,910 | +$10 (+1%) |
| Bardstown, KY | 42.3 mi | $1,540 | $-360 (-19%) |
| Shelbyville, KY | 44.4 mi | $1,760 | $-140 (-7%) |
4+ Bedroom rent in New Albany — common questions
How much is a 4+ bedroom apartment in New Albany?
As of July 2026, the median 4+ bedroom apartment rent in New Albany, Indiana is $1,900 per month. This is +58% higher than the citywide median of $1,204.
What income do you need to afford a 4+ bedroom in New Albany?
Using the standard 30% rent-to-income rule, you would need an annual income of about $76,000 ($6,333/month gross), which works out to roughly $36.54/hour at a full-time job.
Is New Albany expensive for a 4+ bedroom compared to the rest of the US?
New Albany's 4+ bedroom median of $1,900 is +25% below the national 4+ bedroom median of $2,520. It ranks in the 24th percentile of US cities tracked.
How does New Albany rank for 4+ bedroom rent in Indiana?
Among the 64 cities in Indiana with 4+ bedroom data, New Albany ranks #39 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near New Albany?
Yes — nearby cities with cheaper 4+ bedroom rents include Clarksville ($1,850), Charlestown ($1,790), Shepherdsville ($1,840).