Stonecrest Apartments
4737 Grant Line Rd,
New Albany, IN 47150
$1,125 - $1,325 | 2 Beds
Indiana University, Southeast
New Albany, IN
Indiana University, Southeast Main Campus - New Albany, IN
Area Guide
Spreading the IU mission to the state-line suburbs
Public
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Suburban
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Walkable
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Business
•
Comprehensive
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Established in 1941, Indiana University Southeast expands the IU system’s community of academic excellent all the way down to the Kentucky state line. Academically, IU Southeast is best known for its nationally-ranked business school, as well as its robust nursing and education programs. The main campus sits on the north side of New Albany, a suburban city right across the Ohio River from Louisville, Kentucky. This close proximity makes it easy to hop down and check out the legendary arts, dining, and nightlife of the neighboring city.
Closer to campus, the landscape is largely filled with residential neighborhoods, offering numerous affordable apartments, condos, and rental houses within a short walk to the university. The area also features several restaurants, grocery stores, and even a craft brewery nearby, giving you lots of convenient options for both practical necessities and after-hours activities.
Rent Trends
As of March 2025, the average apartment rent in New Albany, IN is $855 for a studio, $937 for one bedroom, $1,120 for two bedrooms, and $1,367 for three bedrooms. Apartment rent in New Albany has increased by 3.6% in the past year.
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Studio
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521 sq ft
Average Sq Ft
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$855/month
Average Rent
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1 BR
-
797 sq ft
Average Sq Ft
-
$937/month
Average Rent
-
2 BR
-
1,109 sq ft
Average Sq Ft
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$1,120/month
Average Rent
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3 BR
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1,312 sq ft
Average Sq Ft
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$1,367/month
Average Rent
Transportation
52
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
1
Minimal Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
43
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Schools
Public
Grades PK-4
521 Students
8
Public
Grades PK-4
358 Students
7
S Ellen Jones Elementary School
Public
Grades PK-4
208 Students
6
Public
Grades PK-4
300 Students
5
Nathaniel Scribner Middle School
Public
Grades 5-8
902 Students
4
Nathaniel Scribner Middle School
Public
Grades 5-8
902 Students
4
Public
Grades 5-8
857 Students
3
Public
Grades 9-12
1,812 Students
6
School data provided by
GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Points of Interest
Shopping Centers
Parks and Recreation
- Falls of the Ohio State Park
- Portland Museum
- Kentucky Science Center
- Louisville Zoo
- Chickasaw Park
Military Bases
Airports
- Louisville Muhammad Ali International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.