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Affordable apartments in New Albany, Indiana

20 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

19 lihtc1 section 8

Buildings

VALLEY RIDGE APTS

LIHTC
200 VILLAGE DR W, NEW ALBANY, IN, 47150
Income-restricted units
124 of 156
Year placed in service
1999
Bedroom mix
16 1BR · 60 2BR · 80 3BR

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

CARRIAGE HOUSE NEW ALBANY

Section 8
4202 GRANT LINE RD., New Albany, IN, 47150
Income-restricted units
120 of 120
Year placed in service
Not reported

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

BROOKVIEW GLEN APTS

LIHTC
1810 GRAYBROOK LN, NEW ALBANY, IN, 47150
Income-restricted units
63 of 66
Year placed in service
2007
Bedroom mix
10 studio · 26 1BR · 30 2BR

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

PRESTWICK SQUARE OF NEW ALBANY I

LIHTC
4100 PRESTWICK SQ, NEW ALBANY, IN, 47150
Income-restricted units
52 of 52
Year placed in service
1992
Bedroom mix
26 2BR · 26 3BR

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

ST EDWARD COURT

LIHTC
701 E SPRING ST, NEW ALBANY, IN, 47150
Income-restricted units
50 of 56
Year placed in service
2002
Bedroom mix
20 1BR · 31 2BR · 4 3BR · 1 4+BR

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

PRESTWICK SQUARE OF NEW ALBANY II

LIHTC
4100 PRESTWICK SQ, NEW ALBANY, IN, 47150
Income-restricted units
20 of 20
Year placed in service
1993
Bedroom mix
20 2BR

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

CENTER FOR WOMEN & FAMILIES DOMESTIC VIOLENCE RES

LIHTC
4919 CHARLESTOWN RD, NEW ALBANY, IN, 47150
Income-restricted units
10 of 10
Year placed in service
1999
Bedroom mix
10 1BR

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

1502 E SPRING ST

LIHTC
1502 E SPRING ST, NEW ALBANY, IN, 47150
Income-restricted units
2 of 2
Year placed in service
1989
Bedroom mix
2 3BR

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

821-23 W MARKET

LIHTC
821 W MARKET ST, NEW ALBANY, IN, 47150
Income-restricted units
2 of 2
Year placed in service
1989
Bedroom mix
2 4+BR

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

1414 CULBERTSON AVE

LIHTC
1414 CULBERTSON AVE, NEW ALBANY, IN, 47150
Income-restricted units
1 of 1
Year placed in service
1988
Bedroom mix
1 3BR

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

320 E 11TH ST

LIHTC
320 E 11TH ST, NEW ALBANY, IN, 47150
Income-restricted units
1 of 1
Year placed in service
1988
Bedroom mix
1 2BR

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

MELHISER ENDRES TUCKER REAL ESTATE - 7

LIHTC
518 E FOURTH ST, NEW ALBANY, IN, 47150
Income-restricted units
1 of 1
Year placed in service
1989
Bedroom mix
1 4+BR

Estimated total housing cost: $1,250 rent + $157 utilities = $1,407/mo

Contact property management for current availability. Waitlists may apply.

Showing 12 of 20. Open any pin on the map below for the rest.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Indiana

Residential electricity in Indiana runs about 16.63¢/kWh, with a typical monthly residential electric bill near $157. Natural gas runs about $16.19/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for 47150

Zip-level (SAFMR)
BedroomsLocal FMRNational median
Studio$950n/a
1 bedroom$1,030n/a
2 bedroom$1,250$1,502
3 bedroom$1,600n/a
4 bedroom$1,860n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: hud_safmr.

HUD income limits : Floyd County, IN

Louisville/Jefferson County, KY-IN. FY2025. Area median income: $96,600.

Household size30% AMI50% AMI80% AMI
1 person$20,300$33,850$54,150
2 people$23,200$38,650$61,850
3 people$26,650$43,500$69,600
4 people$32,150$48,300$77,300
5 people$37,650$52,200$83,500
6 people$43,150$56,050$89,700
7 people$48,650$59,900$95,900
8 people$54,150$63,800$102,050

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Indiana cities

See all affordable-rental cities in Indiana

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: New Albany cost-of-living and Fair Market Rent overview