The Monroe

940 University Woods Dr, New Albany, IN 47150

Last Updated: Today
(2)

Managed By

The Monroe Property Website
Monthly Rent
$899 - $1,049
View Fees and Policies
Bedrooms
1 - 2
Bathrooms
1 - 1.5
Sq. Ft.
800 - 1,200 sq ft

Rent Specials

?? MOVE IN & SAVE! ?? ADMIN FEE WAIVED! PLUS $250 OFF YOUR NEXT MONTH’S RENT! ?? ? Limited-Time Offer! Move in today and enjoy instant savings on your next month’s rent! Don’t miss out — apply today!

Pricing and Floor Plans

Cost Calculator: Estimate your monthly and one-time fees.

1 Bedroom and 1 Bathroom

$899
1 Bed, 1 Bath
800 Sq. Ft.
Show Floor Plan Details
3 Available Units
Unit
Price
Sq. Ft.
Available
132
$899
800
Now
179
$899
800
Now
174
$899
800
Now

2 Bedroom and 1.5 Bathroom S

$999
2 Beds, 1.5 Baths
1,075 Sq. Ft.
Show Floor Plan Details
2 Available Units
Unit
Price
Sq. Ft.
Available
044
$999
1,075
Nov. 3
031
$999
1,075
Dec. 19

2 Bedroom and 1.5 Bathroom L

$1,049
2 Beds, 1.5 Baths
1,200 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Price
Sq. Ft.
Available
068
$1,049
1,200
Now
* Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. Price, availability, fees, and any applicable rent special are subject to change without notice. * Square footage definitions vary. Displayed square footage is approximate.

Details

Lease Term Options

  • 18 mo

Property Information

  • Built in 1971
  • 189 units2 stories

Fees & Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

One-Time Basics

Due at Application

  • Application Fee Per Applicant
    $50

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Matterport 3D Tours

Explore Commute Options

Drive Time
Walk Time
Bike Ride Time
Public Transit

Apartment Features

  • Air Conditioning
  • Cable Ready
  • High Speed Internet Access
  • Smoke Free

Community Features

  • Dog Park
  • Fitness Center
  • Pool
  • Short Term Lease

Map of The Monroe

Area Scores

Walkability

Fairly walkable

Transit

Limited public transit

Driveability

Exceptionally drivable

Bikeability

Fairly bikeable

Scores provided by

Soundscore

Active

Scores provided by

Transit

Airport

Louisville Muhammad Ali International

28 min Drive

Louisville International

Moving to New Albany, New Albany, IN

Shopping Centers

Shoppers will appreciate The Monroe proximity to Grant Line Center, Grant Line Station, and Grantline Crossing. Grant Line Center is 0.3 miles away, and Grant Line Station is within a 10 minute walk.

Airports

Living in New Albany provides easy access to Louisville Muhammad Ali International, located just 29 minutes from The Monroe.

Local Education

Primary and Secondary Schools

GreatSchools rating: 5 out of 10

Clarksville Elementary School

Grades PK-5

Public

GreatSchools rating: 7 out of 10

Mount Tabor School

Grades PK-5

Public

GreatSchools rating: 5 out of 10

Hazelwood Middle School

Grades K-8

Public

Not rated

Our Lady Of Perpetual Help School

Grades PK-8

Private

GreatSchools rating: 4 out of 10

New Albany Senior High School

Grades 9-12

Public

Not rated

Christian Academy Of Indiana

Grades K-12

Private

GreatSchools rating: 6 out of 10

Community Montessori

Grades PK-12

Public

Data provided by GreatSchools.org © 2026. All rights reserved.

GreatSchools

Colleges and Universities

School Commute Time (Distance)
Indiana Univ, Southeast, Main Drive: 5 min (1.8 mi)
Jefferson Comm. & Tech., JTC Drive: 16 min (9.8 mi)
Indiana Univ. SE, Grad Ctr Drive: 15 min (9.9 mi)
Jefferson Comm. & Tech., DC Drive: 17 min (12.2 mi)

About The Monroe

Welcome Home to The Monroe!

The Monroe is an apartment community in New Albany, IN

Contact

Property Address:
940 University Woods Dr,
New Albany, IN 47150
Phone Number: (812) 382-6777
More Information:
View Property Website
Office Hours
  • Sunday Closed
  • Monday 8:30 AM – 5:00 PM
  • Tuesday 8:30 AM – 5:00 PM
  • Wednesday 8:30 AM – 5:00 PM
  • Thursday 8:30 AM – 5:00 PM
  • Friday 8:30 AM – 5:00 PM
  • Saturday 10:30 AM – 3:30 PM
The Monroe

Renter Reviews

For The Monroe

3.0

2 Ratings & Reviews

  • 7/20/26

    BAD

    Bad management and moldy and cracking apartments and LOTS of excuses

    Review from Apartments.com

    1 Person Found This Helpful

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Contact This Property

(812) 382-6777

Languages: English

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