Cheap Apartments for Rent in New Orleans, LA from $400 (329 Rentals)

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

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Parc Fontaine
$710 - $1,220
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Base Rent
$710 - $1,220
Total Monthly Price
$710 - $1,220
1 to 3 Bedroom Apartments Available Now

Parc Fontaine

3101 Rue Parc FontaineNew Orleans, LA 70131
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Celeste Landing
$716 - $932
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Base Rent
$716 - $932
Total Monthly Price
$716 - $932
Studio to 1 Bedroom Apartments Contact Us For Availability

Celeste Landing

1717 Religious StNew Orleans, LA 70130
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  • Low Income
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Marquis
Rent Specials
$726 - $2,545
Total Monthly Price

Total Monthly Price

Base Rent
$726 - $2,545
Total Monthly Price
$726 - $2,545
1 to 4 Bedroom Apartments Available Now

Marquis

2651 Poydras StNew Orleans, LA 70119
Affordability
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  • Customer Reviewed
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Cypress Run Apartments
Rent Specials
$835 - $1,235
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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
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  • Smoke Free

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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Forest Park Apartments
Rent Specials
$933 - $1,881
Total Monthly Price

Total Monthly Price

Base Rent
$933 - $1,881
Total Monthly Price
$933 - $1,881
1 to 3 Bedroom Apartments Available Now

Forest Park Apartments

3708 Garden Oaks DrNew Orleans, LA 70114
Affordability
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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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property at 3200 Banks St

$950 - $1,500

1 To 2 Bedroom Rentals

Available Now

3200 Banks St

New OrleansLA70119

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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: 07/16/2026

Current apartment rentals in the New Orleans, LA area range in price from $246 to $15,125 with an overall median price of $5,209. The three New Orleans neighborhoods with the lowest median rent pricing are Village De LEst at $950, Ponchartrain Park at $660, and English Turn at $950. 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$950$9501
Ponchartrain Park$1,057$6603
English Turn$1,075$9502
Sherwood Forest$1,314$725295
Edgelake$1,335$725288
Gentilly Woods$1,400$6607
Lake Forest East$1,441$74045
Little Woods$1,441$660330
Pines$1,441$66048
Pines Village$1,441$66042

Cheapest Available New Orleans Apartments for Rent

 

The cheapest available apartment rental in New Orleans, LA is a 1 Bed unit found at Parc Fontaine in the Old Aurora neighborhood priced from $710. Peppertree in the Metairie neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $723. Here is today’s list of the most affordable New Orleans apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parc FontaineBienville1BR,1BA$710
PeppertreeStudioStudio,1BA$723
Patio VillaStudioStudio,1BA$730
Azalea BelleA11BR,1BA$740
Lake VillaStudioStudio,1BA$765
Chateau CarmelA11BR,1BA$785
Riviere RoyaleA11BR,1BA$790
Chateau NapoleonClassic StudioStudio,1BA$795
Skyview TerraceStudioStudio,1BA$795
Whitney Manor1 Bed 1 Bath1BR,1BA$799

Best Value Apartments for Rent in New Orleans, LA

As of July 16, 2026 the best value apartment in the New Orleans area is the $0.95 price per square foot 1912 General Pershing St Model at 1912 General Pershing St, Unit Upstairs unit in the in the Irish Channel neighborhood starting from $1,900. The second greatest value New Orleans apartment is the 700 Florida Blvd Model at 700 Florida Blvd, Unit 700 Florida Blvd. starting at $1,950 with a $1.05 price per square foot in the City Park 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.
1912 General Pershing St, Unit Upstairs unit1912 General Pershing St3BR,1BA$0.95
700 Florida Blvd, Unit 700 Florida Blvd.700 Florida Blvd3BR,2.5BA$1.05
3314 Touro St, Unit 3314 touro3314 Touro St2BR,1BA$0.71
1127 S Dupre St, Unit Student Apartment1127 S Dupre St1BR,1BA$0.66
1980 Hope St, Unit 19801980 Hope St3BR,1BA$0.93
8703 Dinkins St, Unit 2 Bedroom8703 Dinkins St2BR,1BA$1.02
Villa Du Lac Apartment HomesTwo Bedroom 2 Bath2BR,2BA$1.07
Riverside Court IRC II - 2 BD 1 BTH2BR,1BA$1.05
3409 Golden Dr, Unit Apt B3409 Golden Dr2BR,1.5BA$1.05
152 Rosalie Dr, Unit B152 Rosalie Dr2BR,1BA$1.05

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Frequently Asked Questions about Cheap New Orleans Apartments

What is a cheap apartment in New Orleans?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New Orleans is under $799.

What is the price of a cheap apartment in New Orleans?

The cheapest apartment in New Orleans is Parc Fontaine which is listed at $710, while the average apartment in New Orleans costs $5,209.

What types of apartments are the cheapest in New Orleans?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 530 regular apartments in New Orleans that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in New Orleans?

Cheap apartments in New Orleans have an average cost of $407 which is $4,802 cheaper than the average rent for all rentals in New Orleans.

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.

Helpful Local Expert Guides

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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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From Campus to Cajun Cuisine: Finding Your Perfect Student Apartment in New Orleans

Written by: Melissa Maxwell

Congratulations on getting into college! The next four years are going to be pretty exciting. If you got into a college in The Big Easy, just remember that it isn't always Mardi Gras.

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Mardi Gras on the Weekends: The Best Neighborhoods to Rent Near New Orleans Top Employers

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I'm Melissa, your ApartmentHomeLiving.com Local Expert for New Orleans and I'm here to tell you about the best places to live and work in The Big Easy. Not every day is Mardi Gras! We work too.

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Welcome to the Big Easy: A Local Insider's Guide to New Orleans

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For many people, the closest they come to New Orleans is watching The Princess and the Frog or that episode of The Simpsons where Marge stars in a musical based on A Streetcar Named Desire.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.