
New Apartments for Rent in New Orleans, LA Under $5,000 (50 Rentals)


The Odeon at South Market

The Annex Luxury Apartments

The Beacon at South Market

The Garage

1220 Adams St, Unit A

Canal 1535
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.

3100 Banks St

The Julia at Saint Charles

2424 TULANE

Parkway Apartments

The Strand Apartments

Lumina

Bienville Basin Apartments

The Jackson

The Delaneaux

The Residences at LSU Health

The Pythian Apartments

Riverside Retreat at Federal City
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.

2323 Leonidas St, Unit Beautiful Shared Living

Belle Reve at H3C -Senior 55+

1300 OCH at H3C Apartments

Highrise NOLA

Celeste Landing

3 Story Luxury Residence – French Quarter

No Brainer Furnished Apartments

The Jung Hotel & Residences
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.

The California Building

Sacred Heart at St Bernard

2 Oaks Apartments - Income Restrictions
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.

Memoir Warehouse District

Nautical Point at Lakeshore Villages

Latitude Apartments

Marina Vista Apartments

The Metro at Clearview

Apartments at Andover

Bella Ridge North

Avenue Walk Apartments

Copeland Tower Living - 55+ Luxury Residence
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.

Clearwater Creek Premier
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 | $1,321 | $690 | $4,030 |
New Orleans 1 Bedroom Apartments | $1,533 | $685 | $4,959 |
New Orleans 2 Bedroom Apartments | $1,999 | $717 | $10,000+ |
New Orleans 3 Bedroom Apartments | $2,418 | $1,035 | $9,540 |
New Orleans 4 Bedroom Apartments | $4,026 | $1,250 | $10,000+ |
New Orleans 5 Bedroom Apartments | $9,397 | $2,200 | $10,000+ |
Explore New Orleans

New Orleans, LA Local Guide
- New Orleans Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 New Orleans Apartments
What is the Cheapest New apartment in New Orleans?
Currently the most affordable New Apartment in New Orleans is at Highrise NOLA listed at $915.
How much is the average rent for a New New Orleans Apartment?
The average rent for a New Apartment in New Orleans is $2,582.
What is the largest New New Orleans Apartment for rent?
Today's New apartment with the most square footage in New Orleans is a 2,135 square feet unit starting from $1,995 at The Annex Luxury Apartments.
What is the average size for New Orleans New Apartments for rent?
The average size for a New rental in New Orleans is currently at 742 sq ft.
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.