Cheap Apartments for Rent in New Orleans, LA from $400 (405 Rentals)

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

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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property at 1620 Pauger St

1620 Pauger St

New OrleansLA70116

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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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 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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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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New Orleans, LA Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in New Orleans, LA

Pricing Updated: 11/16/2025

Current apartment rentals in the New Orleans, LA area range in price from $600 to $10,800 with an overall median price of $4,414. The three New Orleans neighborhoods with the lowest median rent pricing are Pines at $1,050, Lake Forest East at $1,150, and Little Woods at $1,050. 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
Pines$1,400$1,0503
Lake Forest East$1,550$1,15010
Little Woods$1,572$1,05016
Edgelake$1,595$1,1509
Holly Grove$1,950$85020
Lakewood$1,995$85059
Tulane Gravier$2,000$82510
Village De LEst$2,000$1,1007
Fillmore$2,200$1,10042
Gentilly$2,200$1,10030

Cheapest Available New Orleans Apartments for Rent

 

The cheapest available apartment rental in New Orleans, LA is a Studio unit found at Arts Senior Apartments in the Dillard neighborhood priced from $424. 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
Arts Senior ApartmentsEff FStudio,1BA$424
Parc FontaineBienville1BR,1BA$710
MarquisB32BR,2BA$717
Chateau d'Orleans1BR/1BA1BR,1BA$735
PeppertreeStudioStudio,1BA$745
Patio VillaStudioStudio,1BA$750
Carmel BrookBasin1BR,1BA$760
CrossroadsSStudio,1BA$765
Chateau NapoleonClassic StudioStudio,1BA$785

Best Value Apartments for Rent in New Orleans, LA

As of November 17, 2025 the best value apartment in the New Orleans area is the $0.65 price per square foot 3316 Touro St Model at 3316 Touro St, Unit 3314 touro in the in the City Park neighborhood starting from $1,100. The second greatest value New Orleans apartment is the 3 Bedrooms, 2 Baths Model at Wilshire Heights starting at $1,706 with a $1.12 price per square foot in the Navarre 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.
3316 Touro St, Unit 3314 touro3316 Touro St2BR,1BA$0.65
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.12
2137 Pasadena Ave, Unit D2137 Pasadena Ave3BR,2BA$0.90
Edenborn Courts and Gardens2 Bedrooms w/Den, 2 Baths2BR,2BA$1.11
1036 Eli Ct1036 Eli Ct2BR,1.5BA$1.00
Lakeland Manor2 Bed / 1.5 Bath2BR,1.5BA$1.00
176 Rosalie Dr, Unit C176 Rosalie Dr2BR,1BA$1.05
Gates of Oakwood1x11BR,1BA$1.08
Laguna Reserve1 Bedroom1BR,1BA$1.06
Parc FontaineBienville1BR,1BA$1.09

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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Quick Rent Budget Calculator

How much rent can you afford?

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!

Explore New Orleans, LA Rentals by Map

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See the most popular apartments and homes in New Orleans, LA

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New Orleans, LA Apartments Map
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Getting Around New Orleans, LA

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

74 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

49 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Arts Senior Apartments listed at $424.

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

The lowest price for a Cheap One Bedroom New Orleans Apartment is $710 at Parc Fontaine.

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 $717 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 Parc Fontaine and starts from $1,030.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.