Cheap Apartments for Rent in New Orleans, LA from $400 (403 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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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
  • Verified
  • 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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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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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

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in New Orleans, LA

Pricing Updated: 04/17/2026

Current apartment rentals in the New Orleans, LA area range in price from $246 to $20,677 with an overall median price of $5,205. The three New Orleans neighborhoods with the lowest median rent pricing are English Turn at $1,050, Village De LEst at $800, and Edgelake 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$1,050$1,0502
Village De LEst$1,275$8001
Edgelake$1,335$700203
Sherwood Forest$1,335$700201
Lake Forest East$1,441$74017
Little Woods$1,441$660219
Pines$1,441$66030
Pines Village$1,441$66022
Plum Orchard$1,441$66021
Read Boulevard East$1,441$700202

Cheapest Available New Orleans Apartments for Rent

 

The cheapest available apartment rental in New Orleans, LA is a 1 Bed unit found at 200 Carondelet in the Vieux Carre neighborhood priced from $427. 940 Avenue F in the West Riverside neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $670. Here is today’s list of the most affordable New Orleans apartments for rent:

Apartment ListingModel NameBed/BathPriced From
200 Carondelet1x1-c1g-tc301BR,1BA$427
940 Avenue F4Studio,1BA$670
Parc FontaineBienville1BR,1BA$710
Patio VillaStudioStudio,1BA$735
Laguna Creek1 Bedroom1BR,1BA$740
Lake VillaStudioStudio,1BA$765
Carmel BrookBasin1BR,1BA$785
Chateau NapoleonClassic StudioStudio,1BA$785
Arts Senior Apartments1a1t1BR,1BA$788
Skyview TerraceStudioStudio,1BA$795

Best Value Apartments for Rent in New Orleans, LA

As of April 17, 2026 the best value apartment in the New Orleans area is the $0.71 price per square foot 3314 Touro St Model at 3314 Touro St, Unit 3314 touro in the in the City Park neighborhood starting from $1,200. The second greatest value New Orleans apartment is the 3 Bedrooms, 2 Baths Model at Wilshire Heights starting at $1,659 with a $1.09 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.
3314 Touro St, Unit 3314 touro3314 Touro St2BR,1BA$0.71
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
1127 S Dupre St, Unit Student Apartment1127 S Dupre St1BR,1BA$0.66
2608 Angelique Dr, Unit B2608 Angelique Dr3BR,1.5BA$1.00
7620 Freret St, Unit 7620 FRERET7620 Freret St1BR,1BA$1.06
Edenborn Courts and Gardens2 Bedrooms w/Den, 2 Baths2BR,2BA$1.13
Gates of Oakwood2x1.52BR,1.5BA$1.04
Courtland Park2 Bedroom2BR,1BA$1.12
176 Rosalie Dr, Unit 148176 Rosalie Dr2BR,1BA$1.05
Parc FontaineBienville1BR,1BA$1.09

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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 $795.

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 $5,205.

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 1,779 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 $487 which is $4,718 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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.