Cheap Apartments for Rent in New Orleans, LA from $400 (322 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
Total Monthly Price

Total Monthly Price

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
Cost Per Sq.Ft.
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  • Customer Reviewed
  • Utilities Included
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Celeste Landing
Rent Specials
$716 - $932
Total Monthly Price

Total Monthly Price

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
Affordability
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  • Utilities Included
  • Low Income

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
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
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  • Utilities Included
  • 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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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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Forest Park Apartments
$933 - $1,279
Total Monthly Price

Total Monthly Price

Base Rent
$933 - $1,279
Total Monthly Price
$933 - $1,279
1 to 3 Bedroom Apartments Contact Us For Availability

Forest Park Apartments

3708 Garden Oaks DrNew Orleans, LA 70114
Affordability
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  • Customer Reviewed
  • Utilities Included

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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216 Cherokee St, Unit 216
$1,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000
1 Bedroom Apartment Available Now

216 Cherokee St, Unit 216

216 Cherokee StNew Orleans, LA 70118
Cost Per Sq.Ft.

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

Moving to New Orleans for college? Find your off-campus rental near Tulane, Loyola, Dillard, and more. This guide covers nearby neighborhoods, culture, and starting your student life in the Big Easy.

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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: 06/01/2026

Current apartment rentals in the New Orleans, LA area range in price from $246 to $15,000 with an overall median price of $4,641. The three New Orleans neighborhoods with the lowest median rent pricing are English Turn at $950, Ponchartrain Park at $660, and Village De LEst at $800. 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$1,075$9502
Ponchartrain Park$1,250$6604
Village De LEst$1,275$8006
Gentilly Woods$1,300$6608
Sherwood Forest$1,314$700210
Edgelake$1,335$700200
Lake Forest East$1,441$74030
Little Woods$1,441$660229
Pines$1,441$66031
Pines Village$1,441$66024

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. Azalea Belle in the Lake Forest East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. Here is today’s list of the most affordable New Orleans apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parc FontaineBienville1BR,1BA$710
Azalea Belle1 Bedroom1BR,1BA$740
PeppertreeStudioStudio,1BA$755
Lake VillaStudioStudio,1BA$765
Chateau CarmelBasin1BR,1BA$785
Chateau NapoleonClassic StudioStudio,1BA$785
Riviere Royale1 Bedroom1BR,1BA$790
Skyview TerraceStudioStudio,1BA$795
Whitney Manor1 Bed 1 Bath1BR,1BA$799

Best Value Apartments for Rent in New Orleans, LA

As of June 01, 2026 the best value apartment in the New Orleans area is the $1.08 price per square foot 700 Florida Blvd Model at 700 Florida Blvd, Unit 700 Florida Blvd. in the in the City Park neighborhood starting from $2,000. The second greatest value New Orleans apartment is the 2116 Adams St Model at 2116 Adams St, Unit Middle Floor starting at $1,950 with a $1.08 price per square foot in the West Carrollton 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.
700 Florida Blvd, Unit 700 Florida Blvd.700 Florida Blvd3BR,2.5BA$1.08
2116 Adams St, Unit Middle Floor2116 Adams St3BR,1BA$1.08
3314 Touro St, Unit 3314 touro3314 Touro St2BR,1BA$0.71
8329 Pritchard Pl, Unit B8329 Pritchard Pl1BR,1.5BA$1.00
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
937 E Monterey Ct, Unit B937 E Monterey Ct3BR,2BA$0.87
Bienville Basin Apartments2 Bedroom Apartment2BR,2BA$1.09
4101 S Galvez St, Unit lower unit4101 S Galvez St2BR,1BA$1.06
Riviere RoyaleA1 MOD1BR,1BA$1.11
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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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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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 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 $4,641.

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 1,470 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 $427 which is $4,214 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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.