Estates at New Albany
4701 Rexwood Dr,
Columbus, OH 43230
$1,395 - $2,695
1-3 Beds
Rental Market Trends in New Albany, OH
What is the average rent in New Albany, OH?
$1,352/month
Average Rent
752 Sq Ft
Average Apartment Size
-2.8%
Decrease in the Last Year
As of April 2026, the average rent in New Albany, OH is $1,352 per month. This is 18% lower than the national average rent of $1,641/month, making renting in New Albany more affordable than most cities in the US. When you rent an apartment in New Albany, you can expect to pay about per month for a studio, $1,352 for a one-bedroom apartment, and around $1,757 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,391 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 decreased by 2.8%, which averages out to $37 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in New Albany, OH
Last Updated April 2026
$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
50%
$1,501 - $2,000/month
33%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in New Albany?
Based on current rent prices, New Albany Park Condominiums, Villages at New Albany Park and The Hamptons are the most affordable neighborhoods in New Albany.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in New Albany?
Based on current rent prices, The Woods at Sugar Run, The Gramercy New Albany and Central College are the most expensive neighborhoods in New Albany.
Neighborhood
Average Rent
Average Sq Ft
Which New Albany neighborhoods have the most rentals available?
The neighborhoods in New Albany with the most apartments available are Central College, New Albany Park Condominiums and Villages at New Albany Park .
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 $1,352, you’ll want to make about $4,506 per month or $54,072 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
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in New Albany we think you'll love
Property Management Companies in New Albany, OH
Coastal Ridge Real Estate
-
99
Communities
-
23,303
Units
-
54
Cities
7 Communities in New Albany
CASTO
-
24
Communities
-
5,902
Units
-
10
Cities
5 Communities in New Albany
Oakwood Management Company
-
37
Communities
-
7,835
Units
-
15
Cities
4 Communities in New Albany
Morgan Properties
-
390
Communities
-
108,266
Units
-
238
Cities
3 Communities in New Albany
Village Green
-
162
Communities
-
33,189
Units
-
92
Cities
3 Communities in New Albany
Dietz Property Group
-
38
Communities
-
7,484
Units
-
23
Cities
3 Communities in New Albany
Lifestyle Communities
-
13
Communities
-
6,854
Units
-
11
Cities
3 Communities in New Albany
Harbor Group Management
-
185
Communities
-
54,145
Units
-
135
Cities
2 Communities in New Albany
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.