Apartments for Rent in New Orleans, LA Under $5,000 (533 Rentals)

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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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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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Canal 1535
Rent Specials
$1,867 - $4,238
Total Monthly Price

Total Monthly Price

Base Rent
$1,867 - $4,238
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Canal 1535

1535 Canal StNew Orleans, LA 70112
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  • Utilities Included
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The Jackson
Rent Specials
$1,840 - $3,313
Total Monthly Price

Total Monthly Price

Base Rent
$1,840 - $3,313
Total Monthly Price
$1,840 - $3,313
1 to 2 Bedroom Apartments Available Now

The Jackson

625 Jackson AveNew Orleans, LA 70130
Student Housing
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  • Customer Reviewed
  • 3D Tour

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's Best Affordable Neighborhoods

Learn about New Orleans and the best places to live with original content written by our Minneapolis, MN Local Expert Melissa Maxwell

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New Orleans, LA Local Guide

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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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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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 New Orleans

How much are Studio apartments in New Orleans?

There are currently 1,615 Studio Apartments in New Orleans with rent ranges from $246 to $3,000 with an average price of $1,100.

What is the current price range for One Bedroom New Orleans Apartments for rent?

Today's rental pricing for One Bedroom Apartments in New Orleans ranges from $259 to $6,100 with an average monthly rent of $1,388.

What does renting a Two Bedroom Apartment in New Orleans cost?

The monthly rent prices of Two Bedroom Apartments currently available in New Orleans range from $760 to $15,000. Today's average rental price for Two Bedrooms here is $1,786.

How expensive are New Orleans Three Bedroom Apartments?

There are currently 229 Three Bedroom Apartments listings available in New Orleans on ApartmentHomeLiving.com. The pricing ranges from $313 to $9,463 - averaging $1,927 for the location.

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 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.

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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.