Every remodeling project associated with small drywall repair priced base on work complexity, time spent, and hourly rate of a drywall installer. Average cost of a new drywall to get installed will vary from $41.5 to $60.0 per 4'x8'x5/8 sheet including labor and materials or from $1.30 to $1.88 per square foot. Labor cost for drywall installation.