
Cheap Low Income Apartments for Rent in New Orleans, LA from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in New Orleans.


Arts Senior Apartments

Total Monthly Price
Celeste Landing

Marquis

Skyview Terrace

Chateau d'Orleans

King Rampart Senior Living (Ages 55+ ONLY)
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.

Elysian Courtyards Of Gentilly

Walnut Square

Forest Park Apartments

Belle Reve at H3C -Senior 55+

1300 OCH at H3C Apartments

River Garden on Felicity

Riverside Retreat at Federal City
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.

Harmony Oaks Apartments

The Muses Apartment Homes

Columbia Parc at the Bayou District

Aloysius Apartments

Patio Villa

Audubon Village

Lakeside Apartments
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.

North Shore Apartments
New Orleans, LA Local Guide

How much does it cost to rent an apartment in New Orleans?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Orleans Studio Apartments | $1,094 | $246 | $2,500 |
| New Orleans 1 Bedroom Apartments | $1,384 | $259 | $7,784 |
| New Orleans 2 Bedroom Apartments | $1,824 | $760 | $10,000+ |
| New Orleans 3 Bedroom Apartments | $2,076 | $1,030 | $9,252 |
| New Orleans 4 Bedroom Apartments | $3,209 | $1,275 | $10,000+ |
Explore New Orleans

New Orleans, LA Local Guide
- New Orleans Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New Orleans, LA Rentals by Map
See the most popular apartments and homes in New Orleans, LA
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

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.

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.

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.

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.