Cheap Apartments for Rent in the CBD Neighborhood of New Orleans, LA from $400 (33 Rentals)

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

property at 508 Madison St

508 Madison St

New OrleansLA70116

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.

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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.

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property at 1014 Thalia St

1014 Thalia St

New OrleansLA70130

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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Saratoga Apartments
1 to 2 Bedroom Apartments

Saratoga Apartments

212 Loyola AveNew Orleans, LA 70112
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Moss-Bauer
1 to 2 Bedroom Apartments

Moss-Bauer

703 Carondelet StNew Orleans, LA 70130
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Merchant Lofts
1 Bedroom Apartments

Merchant Lofts

201 Magazine StNew Orleans, LA 70130
  • Utilities Included

New Orleans's Best Affordable Neighborhoods

Learn about New Orleans and the best places to live with original content written by our Minneapolis, MN Local Expert Melissa Maxwell

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The California Building
Studio to 1 Bedroom Apartments

The California Building

1111 Tulane AveNew Orleans, LA 70112
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Thirteen15
Studio to 2 Bedroom Apartments

Thirteen15

1315 Gravier StNew Orleans, LA 70112
Student Housing
Showing Results 1-33, Page 1 of 1

CBD, New Orleans, LA Local Guide

Cheapest Available CBD Apartments for Rent

 

The cheapest available apartment rental in the CBD area of New Orleans, LA is a 1 Bed unit found at Hibernia Tower Apartments priced from $1,268. The Residences at LSU Health has the second lowest priced unit, which is a Studio apartment currently listed from $1,275. Here are the most affordable CBD apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
Hibernia Tower Apartments1 Bedroom1BR,1BA$1,268
The Residences at LSU HealthStudio C ADA *Call for Availability*Studio,1BA$1,275
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1,288
2424 TULANEA11BR,1BA$1,305
DH Holmes Apartments1 Bedroom1BR,1BA$1,333
The Woodward Lofts1 Bedroom Apartments1BR,1BA$1,349
Moss-Bauer1x11BR,1BA$1,350
1201 Canal Apartments2181BR,1BA$1,395
The Strand Apartments1 Bedroom Apartment1BR,1BA$1,411
Four WindsAkronStudio,1BA$1,440

Best Value Apartments for Rent in CBD, LA

As of May 25, 2025 the best value apartment in the CBD 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 CBD apartment is the 2 Bedroom Model at Hibernia Tower Apartments starting at $2,486 with a $1.89 price per square foot in the Vieux Carre neighborhood. Here is today’s list of the best values for CBD apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Annex Luxury ApartmentsThree Bedroom Luxury Apartment3BR,3BA$1.78
Hibernia Tower Apartments2 Bedroom2BR,2BA$1.89
Moss-Bauer2x22BR,2BA$1.60
Gravier Place Apartments2 Bedroom Apartment2BR,2BA$1.53
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.22
901 Governor Nicholls St, Unit 901 Gov. Nicholls901 Governor Nicholls St1BR,1BA$1.85
727 Ursulines Ave, Unit 6727 Ursulines AveStudio ,1BA$1.50
The Saulet ApartmentsDauphine1BR,1BA$1.85
The Howard Luxury Apartments1BR/1.0BA1BR,1BA$2.00
2424 TULANEA11BR,1BA$1.97

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Cbd, New Orleans, LA

Ranked #3

Among neighborhoods in New Orleans, LA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States, including New Orleans. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap CBD Apartments

What is a cheap apartment in CBD?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in CBD is under $1,440.

What is the price of a cheap apartment in CBD?

The cheapest apartment in CBD is Hibernia Tower Apartments which is listed at $1,265, while the average apartment in CBD costs $10,500.

What types of apartments are the cheapest in CBD?

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 20 regular apartments in CBD 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 CBD?

Cheap apartments in CBD have an average cost of $806 which is $9,694 cheaper than the average rent for all rentals in CBD.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.