How much does it cost to rent in New Albany, OH?

As of July 2026, the median monthly rent in New Albany, OH is $1,735. This figure is based on aggregated data from public sources and community-submitted rents.

Is New Albany cheaper than other Ohio cities?

New Albany is one of the pricier cities in Ohio, ranking #31 out of 128 cities tracked at $1,735/mo.

When was New Albany rent data last updated?

New Albany rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · OH

New Albany

Name: Average Rent Prices in New Albany, OH
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 10,896·31st most expensive in Ohio·Rental market data updated monthly for New Albany, OH

Median rent (all units)

$1,735/mo

Year-over-Year

-1.4%

Month-over-Month

+0.3%

vs US Median

-$230

Stable (Monthly)

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Most AffordableMost Expensive

New Albany · $1,735

More affordable than 59% of US cities · National median $1,965/mo

Rent Reality Score

63/100

Good value

OverheatedFairGreat value

Rents are 7% below what New Albany's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,735/mo

Expected by trend

$1,858/mo

The Rent Reality Score compares today's median rent to where New Albany's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,540

1 BR

$1,670

2 BR

$2,020

3 BR

$2,430

4 BR+

$2,710

Research median

$2,020/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$20,820/yr

At $1,735/mo median

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-1.4% YoY, +0.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

New Albany, OH is majority owner-occupied, has a large share of families with children, has a median income above the national average, 79.4% of residents hold a bachelor's degree or higher.

Population

10,896

Median income

$238,250

Median age

42.5

Renters

11.3%

Age distribution

30.8%

38%

13.1%

Under 1830.8%

18–346.4%

35–5438%

55–6411.6%

65+13.1%

Gender

49.1%

50.9%

Male49.1%

Female50.9%

Race & ethnicity

75%

White75%

Black4.3%

Hispanic5.6%

Asian9.7%

Other5.5%

Education (25+)

13.5%

79.4%

No HS diploma0.8%

HS diploma6.4%

Some college13.5%

Bachelor's+79.4%

Housing tenure

88.7%

Owner88.7%

Renter11.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How New Albany, OH has changed in 5 years

Rent

$1,519 → $1,735

up 14.2%

Income

$206,130 → $238,250

up 15.6%

Population

10,962 → 10,896

down 0.6%

Renter share

9.6% → 11.3%

+1.7 pts

Bachelor's+

76.1% → 79.4%

+3.3 pts

Median age

39.2 → 42.5

+3.3 yrs

Five years ago, renters in New Albany, OH paid around $1,519 a month. That figure now sits near $1,735, up 14.2% from the 2023 baseline. Median household income climbed from $206,130 to $238,250 between 2021 and 2024, a 15.6% shift. The renter share has risen from 9.6% to 11.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 76.1% to 79.4% across the same window. Taken together, the five-year picture in New Albany, OH reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about New Albany

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View New Albany rent history (2015–2026) →

Salary vs rent

Can you afford rent in New Albany on your salary?

At $1,735/mo, how New Albany rent compares to typical pay (30% rule).

Registered Nurse

Avg $88,811/yr · Rent = 23.4% income

affordable

Elementary School Teacher

Avg $63,055/yr · Rent = 33% income

stretched

Police Officer

Avg $72,634/yr · Rent = 28.7% income

affordable

Software Developer

Avg $129,823/yr · Rent = 16% income

very comfortable

Lawyer

Avg $165,882/yr · Rent = 12.6% income

very comfortable

Firefighter

Avg $59,041/yr · Rent = 35.3% income

stretched

Truck Driver

Avg $53,307/yr · Rent = 39.1% income

stretched

Electrician

Avg $65,706/yr · Rent = 31.7% income

stretched

By apartment size

New Albany rent by bedroom count

Median rent for each apartment size in New Albany. Click any size for full breakdown.

Local insights

Tips for renters in New Albany

About renting in New Albany, OH

Last updated: July 20, 2026

The median rent in New Albany is $1,735/mo as of July 2026. A studio apartment averages $1,540/mo while a 2-bedroom runs $2,020/mo. One-bedroom apartments average $1,670/mo and 3-bedroom units go for $2,430/mo.

At 9% of local median household income ($238,250/yr), New Albany ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.4% over the past year.

FAQ

Frequently asked questions

Is New Albany an affordable city for renters?

New Albany is considered very affordable for renters. At $1,735/mo, rent takes approximately 9% of the local median household income ($238,250/yr). The standard benchmark is 30%. New Albany falls comfortably within that range.

How much income do you need to rent in New Albany?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,735/mo in New Albany. The local median household income is $238,250/yr, meaning the typical New Albany household meets that threshold.

Is rent going up or down in New Albany?

Rent in New Albany has decreased 1.4% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does New Albany rent compare to other cities in Ohio?

New Albany is one of the pricier cities in Ohio for rent, ranking #31 out of 128 tracked cities at $1,735/mo.

Which nearby cities are cheaper to rent in than New Albany?

Several nearby cities have lower median rents than New Albany ($1,735/mo): Whitehall ($1,298/mo), Gahanna ($1,621/mo), Westerville ($1,645/mo).

What percentage of New Albany residents rent vs. own?

According to Census data, approximately 11.3% of New Albany households are renters, while 88.7% are owner-occupied. New Albany leans toward homeownership, which can mean a smaller rental inventory.

How does New Albany rent compare to the national average?

New Albany's median rent of $1,735/mo is $230 (12%) below the US national median of $1,965/mo. Within Ohio, it ranks #31 out of 128 tracked cities.

Income Affordability

VERY AFFORDABLE

At $1,735/mo, rent takes ~9% of New Albany's median household income ($238,250/yr). The standard benchmark is 30%.

New Albany 9%Benchmark 30%

State income tax2.75–3.5%

Run the New Albany affordability calculator →

Nearby cities