Cheap Apartments for Rent in the Bywater Neighborhood of New Orleans, LA from $400 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Bywater area of New Orleans.

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.

property at 1620 Pauger St

1620 Pauger St

New OrleansLA70116

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The BonVi Apartments
1 to 3 Bedroom Apartments

The BonVi Apartments

882 Montegut StNew Orleans, LA 70117
  • Utilities Included
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722-724 Louisa St
1 to 2 Bedroom Apartments

722-724 Louisa St

722-724 Louisa StNew Orleans, LA 70117
  • Utilities Included

Bywater, New Orleans, LA Local Guide

Cheapest Available Bywater Apartments for Rent

 

The cheapest available apartment rental in the Bywater area of New Orleans, LA is a Studio unit found at Arts Senior Apartments priced from $424. Marais Street Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,059. Here are the most affordable Bywater apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
Arts Senior ApartmentsEff FStudio,1BA$424
Marais Street ApartmentsOne Bedroom1BR,1BA$1,059
Riverside Retreat at Federal CityOne Bedroom - ADA (corner)1BR,1BA$1,236
Village at Federal City - MilitaryHousingActive Military/Civilian(UPSTAIRS)2BR,1BA$1,434
DH Holmes Apartments1 Bedroom1BR,1BA$1,458

Best Value Apartments for Rent in Bywater, LA

As of October 14, 2025 the best value apartment in the Bywater area is the $1.78 price per square foot Three Bedroom Luxury Apartment Model at The Annex Luxury Apartments in the in the Vieux Carre neighborhood starting from $3,800. The second greatest value Bywater apartment is the 2 Beds, 2 Baths Model at 323 Morgan St starting at $3,200 with a $1.84 price per square foot in the Vieux Carre neighborhood. Here is today’s list of the best values for Bywater apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Annex Luxury ApartmentsThree Bedroom Luxury Apartment3BR,3BA$1.78
323 Morgan St2 Beds, 2 Baths2BR,2BA$1.84
3316 Touro St, Unit 3314 touro3316 Touro St2BR,1BA$0.65
2921 Mandeville St, Unit 29212921 Mandeville St3BR,1BA$1.50
Village at Federal City - MilitaryHousingActive Military/Civilian(UPSTAIRS)2BR,1BA$1.30
1225 Clouet St1225 Clouet St2BR,2BA$2.00
2003 Franklin Avenue, Unit A2003 Franklin Avenue2BR,1BA$1.39
3149 N Villere St, Unit 31493149 N Villere St2BR,1BA$1.69
Riverside Retreat at Federal CityOne Bedroom - ADA (corner)1BR,1BA$1.77
Arts Senior ApartmentsEff KStudio ,1BA$1.42

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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Pet Friendly Lifestyle
Bywater, New Orleans, LA

Ranked #23

Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Bywater Apartments

What is a cheap apartment in Bywater?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Bywater is under $1,458.

What is the price of a cheap apartment in Bywater?

The cheapest apartment in Bywater is Arts Senior Apartments which is listed at $788, while the average apartment in Bywater costs $16,881.

What types of apartments are the cheapest in Bywater?

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 25 regular apartments in Bywater 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 Bywater?

Cheap apartments in Bywater have an average cost of $318 which is $16,563 cheaper than the average rent for all rentals in Bywater.

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.

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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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.