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  • The Monroe - The Monroe

The Monroe

940 University Woods Dr, New Albany, IN 47150

Property Website
Floor Plan Summary
Monthly Rent Bedrooms Bathrooms
$999 - $1,399 1 - 2 1 - 2
View Fees and Policies

Rent Specials

Apply today for only $60. Sign a 18 month lease and get TWO months free! Sign a 12 month lease and get ONE month free!

Pricing and Floor Plans

1 Bedroom One Bathroom

$999
1 Bed, 1 Bath
800 Sq. Ft.

Show Floor Plan Details

Oct. 31
Unit
Price
Sq. Ft.
Available
113
$999
800
10/31/25
183
$999
800
10/31/25
179
$999
800
10/31/25

One Bedroom One Bathroom

$999
1 Bed, 1 Bath
800 Sq. Ft.

Show Floor Plan Details

Nov. 9
Unit
Price
Sq. Ft.
Available
014
$999
800
11/9/25
045
$999
800
12/5/25
016
$999
800
12/26/25

Two Bedroom One & One Half Bathroom

$1,099
2 Beds, 1.5 Baths
1,200 Sq. Ft.

Show Floor Plan Details

16 Rentals Available
Unit
Price
Sq. Ft.
Available
141
$1,099
1,200
Now
087
$1,099
1,200
Now
063
$1,099
1,200
Now

2 Bedroom One & One Half Bathroom

$1,029
2 Beds, 1.5 Baths
1,075 Sq. Ft.

Show Floor Plan Details

8 Rentals Available
Unit
Price
Sq. Ft.
Available
006
$1,029
1,075
Now
055
$1,029
1,075
10/31/25
021
$1,029
1,075
10/31/25

Two Bedroom One & One Half Bathroom Deluxe

$1,328
2 Beds, 1.5 Baths
1,200 Sq. Ft.

Show Floor Plan Details

5 Rentals Available
Unit
Price
Sq. Ft.
Available
101
$1,328
1,200
Now
086
$1,328
1,200
10/31/25
142
$1,328
1,200
10/31/25

2 bedroom Two Bathroom

$1,399
2 Beds, 2 Baths
1,250 Sq. Ft.

Show Floor Plan Details

Oct. 31
Unit
Price
Sq. Ft.
Available
190
$1,399
1,250
10/31/25

2 Bedroom One & One Half Bathroom Deluxe

$1,245
2 Beds, 1.5 Baths
1,075 Sq. Ft.

Show Floor Plan Details

Dec. 22
Unit
Price
Sq. Ft.
Available
042
$1,245
1,075
12/22/25
* Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. 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

  • 6 - 12 Month Leases

Property Information

  • Built in 1971
  • 189 units / 2 stories

Fees and Policies

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

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

Utilities & Essentials

One-Time Basics

Due at Application

  • Application Fee Per Applicant
    $60 one-time

Due at Move-In

  • Administrative Fee
    $199 one-time

Due at Move-Out

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

Property Highlights

  • On-Site Management
  • Outdoor Kitchen & Bbq Area
  • Virtual Tours Offered
  • Additional Storage
  • Sparkling Swimming Pool With Sundeck
  • Select Homes With Washer/dry Connections
  • Access To Hiking And Biking Trails
  • Laundry Room
  • Pet Friendly With Large Breeds Accepted
  • Online Resident Portal

Apartment Features

  • High Speed Internet Access
  • Smoke Free

Community Features

  • Courtyard
  • Fitness Center
  • Grill
  • Laundry Facilities
  • Pool
  • Walking/Biking Trails

Map of The Monroe

Loading...

Neighborhood Scores

Walk Score ®

Somewhat Walkable59 / 100

Bike Score ®

Bikeable55 / 100

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

4 rating

Mount Tabor School

Grades PK-4

Public

7 rating

Clarksville Elementary School

Grades PK-4

Public

3 rating

Hazelwood Middle School

Grades 5-8

Public

undefined rating

Our Lady Of Perpetual Help School

Grades PK-8

Private

7 rating

New Albany Senior High School

Grades 9-12

Public

undefined rating

Christian Academy Of Indiana

Grades K-12

Private

5 rating

Community Montessori

Grades PK-12

Charter

Data provided by GreatSchools.org 2024 © 2024. All rights reserved.

GreatSchools Logo

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, our newly renovated apartment community in New Albany, Indiana. Our updated 1 and 2 bedrooms provide luxurious comfort to make relaxing at home easy. Located across from the Ohio River and close to Interstate 64, you are... minutes away from all of the entertainment Downtown Louisville offers. Enjoy shopping, dining out, and more within 5 minutes of your new home. Come visit us today!

The Monroe is an apartment community

Elmington Capital

Contact

Property Address:
940 University Woods Dr,
New Albany, IN 47150
Phone Number: (930) 200-4170
More Information:
View Property Website
Office Hours
  • SundayCLOSED
  • Monday8:30 AM - 5:30 PM
  • Tuesday8:30 AM - 5:30 PM
  • Wednesday8:30 AM - 5:30 PM
  • Thursday8:30 AM - 5:30 PM
  • Friday8:30 AM - 5:30 PM
  • Saturday10:00 AM - 5:00 PM

Renter Reviews

For The Monroe

2.9

15 Ratings & Reviews

How Is This Rating Determined?

7/3/25

El peor lugar.

Muchas cucarachas, no arreglan nada. Tremenda peste en los pasillo a cigarro y mariguana , en la oficina Tremenda mala atención. El aire acondicionado del apartamento lleno de churre no lo revisan está tupido ni aire echa. Todo es arremedando. Los de mantenimiento se la pasan todo el tiempo dando vueltas sin trabajar . Las escaleras llena de churre .

Review from Apartments.com

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Property Manager at The Monroe responded to this review

Lamentamos mucho escuchar sobre tu experiencia, User. Nos gustaría abordar tus preocupaciones y mejorar la situación. Por favor, comunícate con nuestra oficina al 812-944-2309 para que podamos ayudarte directamente.

12/17/24

Worst place to be

This place is infested with roaches and bug. The have poor maintenance and charge your for pest control but they never show. Lastly it been over 6month I left up till today 12/16/24 I have not gotten a refund. Plus the new management now are so rude.

Review from Apartments.com

5 People Found This Helpful

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Property Manager at The Monroe responded to this review

Thank you for taking the time to share your feedback. We’ve reviewed our records and were unable to verify you as a current or former resident of our community. We take all concerns seriously and would like the opportunity to learn more about your... experience. Please contact our management team directly at [insert phone/email] so we can better understand your feedback and ensure it’s addressed appropriately.

10/18/24

Don’t move here !!!

I lived at the Monroe apartments for 2 years and it was my first apartment at 18 years old. Absolutely terrible experience. They are roach infested, the AC always breaks and they never fix it in a timely manner or offer window units. Black mold behind the shower as well. I was so sick staying there. Managers are very rude as well. Please find somewhere else.

Review from Apartments.com

3 People Found This Helpful

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Property Manager at The Monroe responded to this review

We are sorry to hear about your prior experience. Please contact the office regarding your experience. Our office is all new staff and we hope to rectify any past mistakes that may have been made by the office.

8/29/24

very quiet community

I come from a property previously where my neighbors were screaming through the apartment. Not here though. its super quiet almost eery in a sense. I prefer this over the city any day. I haven't had any issues with pest control as they just came on Wednesday and the office staff is great. So far I give a 9 out of 10. I only do this because I wish there were more restaurants on the street its at. There are a few but I have to travel dow to them. Wish they were closer.

Review from Apartments.com

1 Person Found This Helpful

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Property Manager at The Monroe responded to this review

We appreciate your high rating and positive feedback about our peaceful environment. It's great to hear that you're enjoying the tranquility and our proactive pest control measures. We understand your wish for more nearby dining options and... appreciate your suggestion. Thank you for choosing our community as your home.

8/28/24

Five Star!!

I'm so happy with the new management company!! The previous one didn't answer the phones nor talk at the door. I love the leasing agent and new manager I met today. Thank you for all your help!!

Review from Apartments.com

1 Person Found This Helpful

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Property Manager at The Monroe responded to this review

Thank you for the five-star rating! We're thrilled to hear about your positive experience with our new management team. Your kind words are greatly appreciated and we're here to help anytime.

The Monroe Gallery

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