What is the median rent in New Albany, IN?

Name: Median rent in New Albany, IN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in New Albany, IN is $1,026 (±$35) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 7,119 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In New Albany, the median gross rent went from $784 in 2015–2019 to $1,026 in 2020–2024 (+30.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,026 (±$35)
Rented homes: 7,119 (±458)
$2,000 or more: 0.5%
Since 2015–2019: +30.9%

How much rent costs in New Albany

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	New Albany	Floyd County	Indiana	United States
Less than $500	12.2% (±3.4 points)	11.2%	7.1%	6.3%
$500 to $999	34.4% (±4.5 points)	33.9%	36.9%	20.2%
$1,000 to $1,499	45.6% (±4.6 points)	46.9%	38.5%	28.1%
$1,500 to $1,999	7.3% (±2.5 points)	6.4%	12.0%	21.1%
$2,000 to $2,499	0.3% (±0.5 points)	1.0%	3.6%	12.0%
$2,500 to $2,999	0.2% (±0.3 points)	0.2%	1.0%	5.5%
$3,000 or more	0.0% (±0.5 points)	0.4%	0.9%	6.8%

The most common range is $1,000 to $1,499, paid by 45.6% of renting households.

0.5% of rented homes in New Albany cost $2,000 or more a month.

New Albany against Floyd County, its state and the nation

Estimate (90% margin of error)
	New Albany	Floyd County	Indiana	United States
Median gross rent	$1,026 (±$35)	$1,036 (±$30)	$1,062 (±$5)	$1,413
Rented homes paying rent	7,119 (±458)	8,253 (±522)	758,146 (±6,704)	42,849,984

In New Albany, median gross rent is not measurably different from Floyd County ($1,036).

It is also lower than in Indiana ($1,062).

It is lower than the national figure ($1,413).

In Floyd County, New Albany ranks 5 of 8 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 317 of 1,204.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in New Albany has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$784 (±$25)	$1,026 (±$35)	+30.9%	Up after inflation
Households that rent	44.5% (±2.1 points)	44.6% (±2.5 points)	+0.1 percentage points	Not a measurable change
Rental vacancy rate	8.8% (±2.5 points)	8.7% (±2.9 points)	−0.1 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near New Albany

Nearest places with a published estimate, compared with New Albany
Place	Distance	Median gross rent	Compared with this place
New Albany	—	$1,026 (±$35)	—
New Albany Township	0.5 mi	$1,038 (±$31)	Not measurably different
Clarksville	3.1 mi	$1,110 (±$54)	Higher
Floyds Knobs	3.6 mi	$1,169 (±$321)	Not measurably different
Lafayette Township (Floyd County)	4.5 mi	$1,154 (±$231)	Not measurably different
Jeffersonville Township	4.6 mi	$1,120 (±$29)	Higher
Silver Creek Township	6.6 mi	$1,202 (±$136)	Higher
Sellersburg	6.6 mi	$1,151 (±$126)	Not measurably different
Georgetown Township	6.8 mi	$982 (±$79)	Not measurably different

Nearby places with a measurably higher figure: Clarksville, IN ($1,110), Jeffersonville Township, IN ($1,120), Silver Creek Township, IN ($1,202).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Floyd County, place by place

Rank	Place	Median gross rent
1	Greenville	$1,176 (±$130)
2	Lafayette Township (Floyd County)	$1,154 (±$231)
3	Greenville Township	$1,125 (±$50)
4	New Albany Township	$1,038 (±$31)
5	New Albany	$1,026 (±$35)
6	Georgetown Township	$982 (±$79)
7	Georgetown	$980 (±$125)
8	Franklin Township (Floyd County)	$791 (±$332)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about New Albany

What is the average rent in New Albany, IN?

The Census Bureau publishes the median rather than the average: the median gross rent in New Albany is $1,026 (±$35) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in New Albany?

In New Albany, the median gross rent went from $784 in 2015–2019 to $1,026 in 2020–2024 (+30.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in New Albany cost more than $2,000 a month?

0.5% of rented homes in New Albany have a gross rent of $2,000 or more a month, and 12.2% cost less than $500.

Is rent in New Albany higher than in Floyd County?

In New Albany, median gross rent is not measurably different from Floyd County ($1,036).

It is also lower than in Indiana ($1,062).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for New Albany city, Indiana (place:52326, in state:18).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.