
Apartments for Rent in New Orleans, LA Under $5,000 (587 Rentals)


5524 Willow St, Unit 5524 Willow Street

1507 Jefferson Ave, Unit 1507 Jefferson AVe

1436 Louisiana Avenue, Unit 1436

3047 Maurepas St, Unit 3047

1360 Constance St, Unit 1360 Constance St.

1023 General Taylor, Unit 1023

1808 Esplanade Ave, Unit Full furnished apartment
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.

4422 Carondelet Street

7830 Hampson St, Unit 7830 Hampson Street

2526 Martin Luther King Jr Blvd, Unit 3 bedroom and 2 bath.

2121 Audubon St, Unit 2121 Audubon St

2220 Nashville Ave, Unit 2220 Nashville Ave

The Annex Luxury Apartments
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.

Nine 27 Apartments

3636 Upperline St, Unit 3636 Upperline St

The Beacon at South Market

The Garage

6864 Louisville St, Unit 6864 Louisville Street

4139 Iberville St, Unit 4139

4201 S Galvez St, Unit 4201SGalvez

American Can Apartments

May & Ellis
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.

1039 Henriette Delille St, Unit Cozy Cottage in Treme

1529 Conery St, Unit Conery

The Odeon at South Market

1643 Josephine

1014 Washington Avenue, Unit 1014 Washington Avenue

National Rice Mill Lofts

3032 Ponce de Leon St, Unit 3030
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.

2039 Valence St, Unit 2039 Valence Street

4811 Bienville St, Unit 4811 Bienville Street

4420 General Pershing St, Unit General Pershing

1028 Cherokee St, Unit Tulane Shotgun Double

2203 Louisiana Ave, Unit 2203

The Julia at Saint Charles

The Preserve

1108 General Pershing St, Unit 1108

608 Kerlerec St, Unit 608
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 Under $5000 | $1,321 | $690 | $4,030 |
New Orleans 1 Bedroom Apartments Under $5000 | $1,533 | $685 | $4,959 |
New Orleans 2 Bedroom Apartments Under $5000 | $1,999 | $717 | $10,000+ |
New Orleans 3 Bedroom Apartments Under $5000 | $2,418 | $1,035 | $9,540 |
New Orleans 4 Bedroom Apartments Under $5000 | $4,026 | $1,250 | $10,000+ |
New Orleans 5 Bedroom Apartments | $9,397 | $2,200 | $10,000+ |
Browse Top Apartments in New Orleans
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New Orleans, LA Local Guide
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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.
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 New Orleans
How much are Studio apartments in New Orleans?
There are currently 100 Studio Apartments in New Orleans with rent ranges from $690 to $4,030 with an average price of $1,321.
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 $685 to $4,959 with an average monthly rent of $1,533.
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 $717 to $13,961. Today's average rental price for Two Bedrooms here is $1,999.
How expensive are New Orleans Three Bedroom Apartments?
There are currently 196 Three Bedroom Apartments listings available in New Orleans on ApartmentHomeLiving.com. The pricing ranges from $1,035 to $9,540 - averaging $2,418 for the location.
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.