Cheap Apartments for Rent in New Orleans, LA from $300 (265 Rentals)

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

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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: 06/22/2025

Current apartment rentals in the New Orleans, LA area range in price from $400 to $14,400 with an overall median price of $4,956. The three New Orleans neighborhoods with the lowest median rent pricing are Village De LEst at $735, Edgelake at $700, 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
Village De LEst$1,250$7355
Edgelake$1,350$70094
Sherwood Forest$1,350$70092
Lake Forest East$1,441$68513
Little Woods$1,441$685106
Plum Orchard$1,441$68526
Read Boulevard East$1,441$70094
Read Boulevard West$1,441$685109
Venetian Isles$1,441$70099
Viavant Venetian Isles$1,441$685121

Cheapest Available New Orleans Apartments for Rent

 

The cheapest available apartment rental in New Orleans, LA is a 1 Bed unit found at Laguna Creek in the Lake Forest East neighborhood priced from $685. Whispering Palms in the Old Aurora neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here is today’s list of the most affordable New Orleans apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Laguna Creek1 Bedroom1BR,1BA$685
Whispering PalmsStudioStudio,1BA$699
MarquisB32BR,2BA$717
Chateau d'Orleans1BR/1BA1BR,1BA$735
Laguna Reserve1 Bedroom1BR,1BA$754
Patio VillaStudioStudio,1BA$770
PeppertreeStudioStudio,1BA$795
Chateau NapoleonClassic StudioStudio,1BA$795
Forest Isle'B' - Very Nice 1 Br/1Bath Layout1BR,1BA$800

Best Value Apartments for Rent in New Orleans, LA

As of June 22, 2025 the best value apartment in the New Orleans area is the $1.12 price per square foot 2203 Louisiana Ave Model at 2203 Louisiana Ave, Unit 2203 in the in the West Riverside neighborhood starting from $1,785. The second greatest value New Orleans apartment is the 320 S Dupre St Model at 320 S Dupre St, Unit 320 starting at $1,595 with a $1.03 price per square foot in the Mid-City 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.
2203 Louisiana Ave, Unit 22032203 Louisiana Ave3BR,1BA$1.12
320 S Dupre St, Unit 320320 S Dupre St3BR,1BA$1.03
4321 Joycelyn Dr, Unit 4321 Joycelyn Drive4321 Joycelyn Dr3BR,1.5BA$1.07
3029 Banks St3029 Banks St3BR,1BA$1.09
2323 Leonidas St, Unit Beautiful Shared Living2323 Leonidas StStudio ,1BA$0.77
Cypress AcresTwo Bedroom C2BR,2.5BA$1.00
Courtland Park2 Bedroom2BR,1BA$1.12
Gates of Oakwood1x11BR,1BA$1.11
Laguna Reserve1 Bedroom1BR,1BA$1.01
Laguna Creek1 Bedroom1BR,1BA$1.11

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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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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 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 $800.

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

The cheapest apartment in New Orleans is Laguna Creek which is listed at $685, while the average apartment in New Orleans costs $4,956.

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 2,186 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 $527 which is $4,429 cheaper than the average rent for all rentals in New Orleans.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.