Cheap Apartments for Rent in New Orleans, LA from $400 (392 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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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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property at 1620 Pauger St

$900 - $1,065

Studio To 1 Bedroom Rentals

Available Now

1620 Pauger St

New OrleansLA70116

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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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

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in New Orleans, LA

Pricing Updated: 01/09/2026

Current apartment rentals in the New Orleans, LA area range in price from $246 to $17,855 with an overall median price of $6,423. The three New Orleans neighborhoods with the lowest median rent pricing are English Turn at $1,100, Village De LEst at $800, and Sherwood Forest at $700. 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
English Turn$1,100$1,1001
Village De LEst$1,275$8001
Sherwood Forest$1,320$700219
Edgelake$1,335$700217
Ponchartrain Park$1,350$75014
Brechtel$1,400$71073
New Aurora$1,435$71041
Old Aurora$1,435$71064
Lake Forest East$1,441$78123
Little Woods$1,441$700243

Cheapest Available New Orleans Apartments for Rent

 

The cheapest available apartment rental in New Orleans, LA is a Studio unit found at 200 Carondelet in the Vieux Carre neighborhood priced from $246. 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 CarondeletStudio-cse-tc20Studio,1BA$246
Parc FontaineBienville1BR,1BA$710
MarquisB22BR,2BA$726
My Home at LakeviewValencia1BR,1BA$750
Carmel BrookBasin1BR,1BA$760
Lake VillaStudioStudio,1BA$780
Laguna Creek1 Bedroom1BR,1BA$781
PeppertreeStudioStudio,1BA$785
Chateau NapoleonClassic StudioStudio,1BA$785

Best Value Apartments for Rent in New Orleans, LA

As of January 09, 2026 the best value apartment in the New Orleans area is the $0.75 price per square foot 614 Fourth St Model at 614 Fourth St, Unit 614 in the in the Irish Channel neighborhood starting from $1,495. 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.
614 Fourth St, Unit 614614 Fourth St3BR,1BA$0.75
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.12
1813 Miro N St, Unit 18131813 Miro N St2BR,1BA$0.93
2363 N Robertson St, Unit 23632363 N Robertson St2BR,1BA$1.11
1502 Piety St, Unit 15021502 Piety St2BR,1BA$1.11
Gates of Oakwood1x1.51BR,1.5BA$0.96
2108 Willow St, Unit 2108B2108 Willow St1BR,1BA$1.12
Laguna Reserve1 Bedroom1BR,1BA$1.06
My Home at LakeviewValencia1BR,1BA$1.03
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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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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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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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 $785.

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

The cheapest apartment in New Orleans is 200 Carondelet which is listed at $427, while the average apartment in New Orleans costs $6,423.

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 3,547 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 $509 which is $5,914 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.

Articles, How-To's, and Tips

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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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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.