Rent by ZIP ·
Rent in New Albany, IN 47151
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,190 (0% vs FY2026).
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $910 | $900 | +1.1% | $819–1,001 | – |
| 1 bedroom | $990 | $980 | +1% | $891–1,089 | – |
| 2 bedrooms | $1,190 | $1,190 | 0% | $1,071–1,309 | – |
| 3 bedrooms | $1,520 | $1,520 | 0% | $1,368–1,672 | – |
| 4 bedrooms | $1,750 | $1,770 | -1.1% | $1,575–1,925 | – |
Small Area FMRs for the Louisville, KY-IN HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Louisville, KY-IN HUD Metro FMR Area, 2 bedrooms: $1,276.
The Census doesn't publish reliable rent figures for this ZIP code, usually because few homes here are rented.
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 47150 | New Albany | $1,250 | $1,070 |
| 47147 | Nabb | $1,170 | – |
| 47145 | Milltown | $1,040 | – |
| 47143 | Memphis | $1,910 | – |
| 47142 | Mauckport | $1,030 | – |
| 47160 | New Middletown | $1,020 | – |
All IN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.