New Albany, Ohio Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the New Albany, Ohio rental market.
New Albany, Ohio
Average Apartment Rent
$1,701
Y-o-Y Change in Average
Apartment Rent
-4.8%
As of March 2026
Compared to a year ago, New Albany, Ohio apartments have recorded a -4.8% rent decrease.
New Albany, Ohio Average apartment rent trend
New Albany, Ohio Average Apartment Rent
New Albany, Ohio Apartment rent ranges
At 47.8%, apartments priced $1,500 - $2,000 represent the bulk of New Albany, Ohio rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.9%.
New Albany, Ohio Housing tenure**
Renters take up 8% of New Albany, Ohio real estate, occupying a total of 280 units, while homeowners live in 3,017 properties.
Median number of rooms of renter-occupied housing units**
4.3
Average household size of renter-occupied housing units**
2.3
New Albany, Ohio Renter-occupied housing units by no. of bedrooms**
There are 108 rentals in New Albany, Ohio with 2 beds making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (5%), amounting to 13 units. Overall, the median number of rooms in New Albany, Ohio homes for rent is 4.3.
New Albany, Ohio Renter-occupied units by age of householder**
Most condos for rent in New Albany, Ohio are occupied by residents in the 45 - 54 years age group (41%), followed by those in the 55 - 59 years age group (18%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
New Albany, Ohio Renter-occupied housing units by family type**
New Albany, Ohio Renter-occupied housing units by the presence of own children**
A total of 111 apartments for rent in New Albany, Ohio, or 40% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 82 units. All in all, the median size of a renter-occupied household in New Albany, Ohio is 2.3.
New Albany, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 56% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in New Albany, Ohio.
New Albany, Ohio Renter-occupied units by year structure built**
The highest share of New Albany, Ohio apartment rentals, namely 46% or 129 units, were Built 2010 - 2019, followed by those Built 1939 or earlier (26%, 72 units), and the ones Built 2000 - 2009 (18%, 49 units).
New Albany, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most New Albany, Ohio renters (32%) moved in 2010 to 2017, while only 10% of them moved in 1989 or earlier. Overall, the median year renters have occupied their New Albany, Ohio condos for rent is 2019.
New Albany, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of New Albany, Ohio renters have 1 vehicle available per household, 21% of them have 3 vehicles available, and 18% have No vehicle available.
New Albany, Ohio Means of transportation to work of householders living in renter-occupied housing units**
New Albany, Ohio Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all New Albany, Ohio apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
