Camden
6480 Alexander Clay,
New Albany, OH 43054
1-3 Beds | $1,599 - $2,959
Rental Market Trends in New Albany, OH
What is the average rent in New Albany, OH?
$1,392/month
Average Rent
760 Sq Ft
Average Apartment Size
+1.4%
Increase in the Last Year
As of March 2025, the average rent in New Albany, OH is $1,392 per month. For comparison, the national average rent price in the US is currently $1,559/month, which means New Albany rent prices are 11% lower than the national average. When you rent an apartment in New Albany, you can expect to pay about per month for a studio, $1,392 for a one-bedroom apartment, and around $1,815 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,367 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in New Albany, OH?
In the past year, rent has increased by 1.4%, which averages out to $20 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in New Albany, OH
Last Updated March 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
17%
$1,001 - $1,500/month
67%
$1,501 - $2,000/month
17%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in New Albany?
Based on current rent prices, Central College is the most affordable neighborhood in New Albany.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in New Albany?
Based on current rent prices, Central College is the most expensive neighborhood in New Albany.
Neighborhood
Average Rent
Average Sq Ft
Which New Albany neighborhoods have the most rentals available?
The neighborhood in New Albany with the most apartments available is Central College .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in New Albany, OH?
Because the average rent in New Albany is $1,392, you’ll want to make about $4,640 per month or $55,680 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does New Albany, OH compare to other nearby cities and neighborhoods?
Use the tool below to compare New Albany, OH to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$1,325/month
$1,325/month
Two Bedroom
$1,735/month
$1,735/month
Three Bedroom
$2,238/month
$2,238/month
Nearby City Rent Trends
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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.
* Percentages may not total 100 due to rounding.