Rent in New Albany, IN
Across New Albany's 2 ZIP codes, a 2-bedroom typically rents for about $1,175 a month, with figures from $1,070–$1,276. The highest typical rent is in 47151 ($1,190) and the lowest in 47150 ($1,160). Owner-occupied homes in Floyd County pay about 0.69% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $921 | $904–$976 | 2 |
| 1 bed | $977 | $885–$1,058 | 2 |
| 2 beds | $1,175 | $1,070–$1,276 | 2 |
| 3 beds | $1,464 | $1,215–$1,629 | 2 |
| 4 beds | $1,795 | $1,750–$1,874 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
New Albany ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in New Albany, IN?
- About $1,175 a month: the median of the typical rents in 2 ZIP codes, which range from $1,070–$1,276. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in New Albany, IN?
- About $977 a month: the median of the typical rents in 2 ZIP codes, which range from $885–$1,058. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in New Albany, IN?
- About $1,464 a month: the median of the typical rents in 2 ZIP codes, which range from $1,215–$1,629. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in New Albany, IN?
- About $921 a month: the median of the typical rents in 2 ZIP codes, which range from $904–$976. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in New Albany, IN?
- About $1,795 a month: the median of the typical rents in 2 ZIP codes, which range from $1,750–$1,874. Figures are gross rent (rent plus tenant-paid utilities).
- Which New Albany ZIP code has the highest rent?
- For a 2-bedroom, 47151 has the highest typical rent at $1,190 a month, and 47150 the lowest at $1,160.
- What is the property tax rate in New Albany, IN?
- Owner-occupied homes in Floyd County pay a typical 0.69% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these New Albany rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).