Cheap Apartments for Rent in New Orleans, LA from $400 (332 Rentals)

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Search the lowest-cost Apartments available for rent right now in New Orleans.

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Forest Isle
Rent Specials
$775 - $1,400
Total Monthly Price

Total Monthly Price

Base Rent
$725 - $1,350
Required Monthly Fees
$50
Total Monthly Price
$775 - $1,400
Studio to 2 Bedroom Apartments Contact Us For Availability

Forest Isle

5000 Woodland DrNew Orleans, LA 70131
Military
  • Verified
  • Customer Reviewed
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cypress Run Apartments
Rent Specials
$835 - $1,235
Total Monthly Price

Total Monthly Price

Base Rent
$835 - $1,235
Total Monthly Price
$835 - $1,235
1 to 2 Bedroom Apartments Available Now

Cypress Run Apartments

6101 Tullis DrNew Orleans, LA 70131
Affordability
  • Verified
  • Utilities Included
  • Smoke Free

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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2617 S Galvez St, Unit A
$875
Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875
2 Bedroom Apartment Available Now

2617 S Galvez St, Unit A

2617 S Galvez StNew Orleans, LA 70125
Cost Per Sq.Ft.
  • Smoke Free
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Patriot Cove (FKA Cove at NOLA)
$898 - $1,171
Total Monthly Price

Total Monthly Price

Base Rent
$827 - $1,100
Required Monthly Fees
$71
Total Monthly Price
$898 - $1,171
1 to 3 Bedroom Apartments Available Now

Patriot Cove (FKA Cove at NOLA)

10501 Curran BlvdNew Orleans, LA 70127
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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3012 Castiglione St
$950 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,100
Total Monthly Price
$950 - $1,100
1 Bedroom Apartment Available Now

3012 Castiglione St

3012 Castiglione StNew Orleans, LA 70119
Affordability

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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4223 S Carrollton Ave
$1,000 - $1,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,200
Total Monthly Price
$1,000 - $1,200
1 Bedroom Apartments Available Now

4223 S Carrollton Ave

4223 S Carrollton AveNew Orleans, LA 70119
Student Housing
  • Verified
  • Utilities Included
  • Smoke Free

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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New Orleans, LA Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in New Orleans, LA

Pricing Updated: 03/01/2026

Current apartment rentals in the New Orleans, LA area range in price from $600 to $9,000 with an overall median price of $3,998. The three New Orleans neighborhoods with the lowest median rent pricing are Village De LEst at $1,250, Edgelake at $1,250, and Lake Shore Lake Vista at $1,300. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New Orleans Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Village De LEst$1,450$1,2504
Edgelake$1,500$1,25010
Lake Shore Lake Vista$1,500$1,3002
Little Woods$1,500$1,25011
Read Boulevard East$1,575$1,5001
Sherwood Forest$1,650$1,3005
Uptown New Orleans$1,650$1,2955
Venetian Isles$1,650$1,2508
Milan$1,750$1,00014
Garden District$1,850$1,1503

Cheapest Available New Orleans Apartments for Rent

 

The cheapest available apartment rental in New Orleans, LA is a 1 Bed unit found at 200 Carondelet in the Vieux Carre neighborhood priced from $427. Parc Fontaine in the Old Aurora neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $710. Here is today’s list of the most affordable New Orleans apartments for rent:

Apartment ListingModel NameBed/BathPriced From
200 Carondelet1x1-c1g-tc301BR,1BA$427
Parc FontaineBienville1BR,1BA$710
MarquisB32BR,2BA$726
The MeridianTwo Bedroom2BR,2BA$744
My Home at LakeviewValencia1BR,1BA$750
PeppertreeStudioStudio,1BA$755
Lake VillaStudioStudio,1BA$780
Laguna Creek1 Bedroom1BR,1BA$781
Westchase ApartmentsStudio BStudio,1BA$781
Patio VillaStudioStudio,1BA$783

Best Value Apartments for Rent in New Orleans, LA

As of March 01, 2026 the best value apartment in the New Orleans area is the $0.65 price per square foot 124 N Galvez St Model at 124 N Galvez St, Unit 124 NORTH GALVEZ STREET in the in the CBD neighborhood starting from $1,600. The second greatest value New Orleans apartment is the Active Duty = BAH Model at Naval Air Station Joint Reserve Base starting at $1,900 with a $1.05 price per square foot in the Outlying Jefferson Parish neighborhood. Here is today’s list of the best values for New Orleans apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
124 N Galvez St, Unit 124 NORTH GALVEZ STREET124 N Galvez St3BR,2BA$0.65
Naval Air Station Joint Reserve BaseActive Duty = BAH4BR,2.5BA$1.05
2439 Second St, Unit Don or Sharon2439 Second St3BR,1BA$1.07
2027 General Taylor St, Unit Gen Taylor Apt B2027 General Taylor St2BR,1BA$1.07
2617 S Galvez St, Unit A2617 S Galvez St2BR,1BA$0.67
The MeridianTwo Bedroom2BR,2BA$0.64
1502 Piety St, Unit 15021502 Piety St2BR,1BA$0.94
2363 N Robertson St, Unit 23632363 N Robertson St2BR,1BA$0.94
Laguna Reserve1 Bedroom1BR,1BA$1.06
My Home at LakeviewValencia1BR,1BA$1.03

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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New Orleans Overview

The largest metro area in all of Louisiana and a truly unique city known the world over for its cuisine, culture and oh-so-famous Mardi Gras, New Orleans is a destination that simply must be experienced to be believed. Combining French and Creole-inspired architecture, open-faced balcony terraces and omnipresent jazz music filling the air, New Orleans' particular brand of magic has been charming residents for centuries making living in apartments in New Orleans the bees knees.

Why live in New Orleans, LA?

Louisiana boasts a truly unique charm, and there is no denying that New Orleans is its central hub. From the amazing cuisine to the rarely-shy populace, New Orleans has a distinct character that simply cannot be replicated. Flush with romantic ambiance, eye-popping architecture, historic pubs, world-class eateries and more crawfish than you can shake a stick at, New Orleans is a unique treasure known coast-to-coast. With a plethora of available New Orleans apartments ready and waiting for you, this city is a prime locale.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap New Orleans Apartments

What is the Cheapest Studio apartment in New Orleans?

Currently the most affordable Cheap Studio Apartment in New Orleans is at Peppertree listed at $755.

How much is rent for a Cheap One Bedroom New Orleans Apartment?

The lowest price for a Cheap One Bedroom New Orleans Apartment is $427 at 200 Carondelet.

What is the lowest price for a Cheap Two Bedroom New Orleans Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Orleans is starting from $726 at Marquis.

What is the most affordable New Orleans Three Bedroom Apartment?

The best deal on a cheap New Orleans Three Bedroom Apartment rental is at Marquis and starts from $841.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans article

A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans

Written by: Melissa Maxwell

New Orleans is known as The Big Easy, but it's not always easy on the wallet! It's a city built around attracting tourists, so naturally everything is going to be on the pricey side.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.