Median rent for residential apartments in New Albany, IN as of Dec, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
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18 New Albany, IN 47150, USA apartments for rent
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New Albany
New Albany, IN has a population of 36,548, while the median age is 38. The household income in New Albany, IN is around $43,914. The homeownership rate among the residents is 55%. The median residential property value in New Albany, IN that you should keep in mind is $111,300.
| Population | 36,548 |
| Median Age | 38.2 |
| Poverty Rate | 18% |
| Household Income | $43,914 |
| Number Of Employees | 18,095 |
| Median Property Value | $111,300 |
Housing Trends
How much is an apartment in New Albany, IN 47150, USA
Average apartment rent in New Albany: $891 (-8.4%)
| Rent Price | Dec | vs Last Month |
|---|---|---|
| 1-bed apartments | $800 | +16.4% |
| 2-bed apartments | $1,000 | +11.1% |
Over the Dec 2022, the average rent for an apartment in/near New Albany, IN decreased by 8.4% to $891.
The average price for a rental studio in New Albany, IN has remained the same as last month and equals $2,125. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 16.4% to $800. Pricing for 2-bed apartment also increased by 11.1% and a place of this size will now cost you $1,000. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $910.
| Rent Type Price | Dec | vs Last Month |
|---|---|---|
| Apartments for rent | $750 | -44.9% |
| Houses for rent | $1,008 | +22% |
The median rent for an apartment in New Albany, IN decreased by 44.9% to $750. Statistics show that house rent price increased by 22% this month making it up to $1,008.
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