Cheap Apartments for Rent in the CBD Neighborhood of New Orleans, LA from $400 (60 Rentals)

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

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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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

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property at 632 Esplanade Ave

$1,500 - $3,200

1 To 2 Bedroom Rentals

Available Now

632 Esplanade Ave

New OrleansLA70116
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2013 S Liberty Rd
1 to 2 Bedroom Apartments

2013 S Liberty Rd

2013 S Liberty RdNew Orleans, LA 70113

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property at 807 Bourbon St

$1,000 - $1,100

1 Bedroom Rentals

Available Now

807 Bourbon St

New OrleansLA70116
property at 708 Orleans St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

Studio, 1 Bath Home for Rent

Available Now

708 Orleans St

New OrleansLA70116
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Marais Apartments
Studio to 1 Bedroom Apartments

Marais Apartments

1501 Canal StNew Orleans, LA 70112
Senior Living
property at 1205 St Charles Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

Studio, 1 Bath Condo for Rent

Available Now

1205 St Charles Ave, Unit 606

1205 St Charles Ave
New OrleansLA70130
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Moss-Bauer
1 to 2 Bedroom Apartments

Moss-Bauer

703 Carondelet StNew Orleans, LA 70130
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Saratoga Apartments
1 to 2 Bedroom Apartments

Saratoga Apartments

212 Loyola AveNew Orleans, LA 70112
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 Studio unit found at 200 Carondelet priced from $875. 2013 S Liberty Rd has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,075. Here are the most affordable CBD apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
200 CarondeletStudio-csc-mktStudio,1BA$875
2013 S Liberty Rd2 Beds, 1 Baths2BR,1BA$1,075
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1,095
The SauletBienville1BR,1BA$1,280
Hibernia Tower Apartments1 Bedroom1BR,1BA$1,292
The ResidencesStudioStudio,1BA$1,315
925 CommonSYMPHONYStudio,1BA$1,325
1201 Canal Apartments5151BR,1BA$1,427
DH Holmes Apartments1 Bedroom1BR,1BA$1,429
The Strand Apartments1 Bedroom Apartment1BR,1BA$1,434

Best Value Apartments for Rent in CBD, LA

As of June 10, 2026 the best value apartment in the CBD area is the $1.23 price per square foot 2213 Baronne St Model at 2213 Baronne St, Unit 2213 Baronne in the in the St Thomas neighborhood starting from $1,975. The second greatest value CBD apartment is the 2x2 Model at Moss-Bauer starting at $1,825 with a $1.50 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.
2213 Baronne St, Unit 2213 Baronne2213 Baronne St3BR,2BA$1.23
Moss-Bauer2x22BR,2BA$1.50
The Strand Apartments2 Bedroom Apartment2BR,2BA$1.81
Gravier Place Apartments2 Bedroom Apartment2BR,2BA$1.71
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.04
The Pythian Apartments2 Bedroom 1 Bath2BR,1BA$1.90
339 Carondelet Apartments1 Beds, 1 Baths1BR,1BA$1.80
2013 S Liberty Rd2 Beds, 1 Baths2BR,1BA$1.43
930 Poydras1 bedroom1BR,1BA$2.03
200 CarondeletStudio-csc-mktStudio ,1BA$2.08

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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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 $1,434.

What is the price of a cheap apartment in CBD?

The cheapest apartment in CBD is 200 Carondelet which is listed at $933, while the average apartment in CBD costs $11,323.

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 32 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 $315 which is $11,008 cheaper than the average rent for all rentals in CBD.

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.

Helpful Local Expert Guides

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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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From Campus to Cajun Cuisine: Finding Your Perfect Student Apartment in New Orleans

Written by: Melissa Maxwell

Congratulations on getting into college! The next four years are going to be pretty exciting. If you got into a college in The Big Easy, just remember that it isn't always Mardi Gras.

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Mardi Gras on the Weekends: The Best Neighborhoods to Rent Near New Orleans Top Employers

Written by: Melissa Maxwell

I'm Melissa, your ApartmentHomeLiving.com Local Expert for New Orleans and I'm here to tell you about the best places to live and work in The Big Easy. Not every day is Mardi Gras! We work too.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.