Cheap Apartments for Rent in the Bywater Neighborhood of New Orleans, LA from $400 (40 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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property at 824 Royal St

$1,100 - $3,500

Studio To 2 Bedroom Rentals

Available Now

824 Royal St

New OrleansLA70116

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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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Merchant Lofts
1 Bedroom Apartments

Merchant Lofts

201 Magazine StNew Orleans, LA 70130
  • Utilities Included

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.

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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 200 Carondelet priced from $427. Arts Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $788. Here are the most affordable Bywater apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
200 Carondelet1x1-c1g-tc301BR,1BA$427
Arts Senior Apartments1a1t1BR,1BA$788
Elysian ApartmentsStudio1BR,1BA$975
Elysian Courtyards Of GentillyMagnolia2BR,2BA$1,008
Marais Street ApartmentsOne Bedroom1BR,1BA$1,059
Riverside Retreat at Federal CityOne Bedroom - ADA (corner)1BR,1BA$1,236
Aloysius Apartments1 Bedroom1BR,1BA$1,395

Best Value Apartments for Rent in Bywater, LA

As of March 12, 2026 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
920 Frenchmen St920 Frenchmen St3BR,2BA$1.90
DH Holmes Apartments3 Bedrooms3BR,2BA$1.98
Village at Federal City - MilitaryHousingActive Military/Civilian(UPSTAIRS)2BR,1BA$1.30
527 Bermuda St, Unit 527 Bermuda527 Bermuda St2BR,1BA$1.40
Elysian Courtyards Of GentillyMagnolia2BR,2BA$1.05
1225 Clouet St1225 Clouet St2BR,2BA$1.78
Riverside Retreat at Federal CityOne Bedroom - ADA (corner)1BR,1BA$1.77
Arts Senior Apartments1a1t1BR,1BA$1.21

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.

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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.

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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.

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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 $1,395.

What is the price of a cheap apartment in Bywater?

The cheapest apartment in Bywater is 200 Carondelet which is listed at $427, while the average apartment in Bywater costs $6,130.

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 17 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 $398 which is $5,732 cheaper than the average rent for all rentals in Bywater.

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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