Cheap Apartments for Rent in the Bywater Neighborhood of New Orleans, LA from $700 (34 Rentals)

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

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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
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The BonVi Apartments
1 to 3 Bedroom Apartments

The BonVi Apartments

882 Montegut StNew Orleans, LA 70117
  • Utilities Included
Showing Results 1-34, Page 1 of 1

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 1 Bed unit found at Riverside Retreat at Federal City priced from $1,236. Elysian Courtyards Of Gentilly has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,362. Here are the most affordable Bywater apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
Riverside Retreat at Federal CityOne Bedroom - ADA (middle)1BR,1BA$1,236
Elysian Courtyards Of GentillyMagnolia2BR,2BA$1,362
Village at Federal City - MilitaryHousingActive Military/Civilian(UPSTAIRS)2BR,1BA$1,434
DH Holmes Apartments1 Bedroom1BR,1BA$1,462

Best Value Apartments for Rent in Bywater, LA

As of August 19, 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 $4,000 with a $2.30 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$2.30
Village at Federal City - MilitaryHousingActive Military/Civilian(UPSTAIRS)2BR,1BA$1.30
Elysian Courtyards Of GentillyMagnolia2BR,2BA$1.41
2003 Franklin Avenue, Unit A2003 Franklin Avenue2BR,1BA$1.39
2313 Dabadie St, Unit 2313 D'Abadie St2313 Dabadie St2BR,1BA$1.60
1016 Leboeuf St, Unit Leboeuf1016 Leboeuf St2BR,1BA$1.65
Riverside Retreat at Federal CityOne Bedroom - ADA (corner)1BR,1BA$1.77
1217 Touro St, Unit Upper1217 Touro St1BR,1BA$1.90
3400 Dauphine St, Unit 3402 Dauphine3400 Dauphine St2BR,1BA$2.41

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Bywater, New Orleans, LA

Ranked #31

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 $1,462.

What is the price of a cheap apartment in Bywater?

The cheapest apartment in Bywater is Riverside Retreat at Federal City which is listed at $1,236, while the average apartment in Bywater costs $21,670.

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 28 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 $392 which is $21,278 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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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.