Cheap Apartments for Rent in the CBD Neighborhood of New Orleans, LA from $400 (46 Rentals)

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

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 1016 Canal St

$1,011 - $1,108

Studio Rentals

Available Now

1016 Canal St

New OrleansLA70112
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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The Saulet
Rent Specials
$1,115 - $3,630
Total Monthly Price

Total Monthly Price

Base Rent
$979 - $3,494
Required Monthly Fees
$136

Total Monthly Price
$1,115 - $3,630
1 to 3 Bedroom Apartments Available Now

The Saulet

1420 Annunciation StNew Orleans, LA 70130
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 925 Common St

$1,129 - $1,130

1 Bedroom Rentals

Available Now

925 Common St

New OrleansLA70112

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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930 Poydras
$1,495 - $3,125
Total Monthly Price

Total Monthly Price

Base Rent
$1,360 - $2,990
Required Monthly Fees
$135

Total Monthly Price
$1,495 - $3,125
1 to 2 Bedroom Apartments Available Now

930 Poydras

930 Poydras StNew Orleans, LA 70112
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
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Delaneaux
$1,540 - $3,148
Total Monthly Price

Total Monthly Price

Base Rent
$1,453 - $3,061
Required Monthly Fees
$87

Total Monthly Price
$1,540 - $3,148
1 to 2 Bedroom Apartments Available Now

Delaneaux

1325 Annunciation StNew Orleans, LA 70130
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
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1643 Josephine
Rent Specials
$1,575 - $2,980
Total Monthly Price

Total Monthly Price

Base Rent
$1,493 - $2,898
Required Monthly Fees
$82

Total Monthly Price
$1,575 - $2,980
1 to 3 Bedroom Apartments Available Now

1643 Josephine

1643 Josephine StNew Orleans, LA 70130
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 632 Esplanade Ave

$1,700 - $3,300

1 To 2 Bedroom Rentals

Available Now

632 Esplanade Ave

New OrleansLA70116
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Moss-Bauer
1 to 2 Bedroom Apartments

Moss-Bauer

703 Carondelet StNew Orleans, LA 70130
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Marais Apartments
Studio to 1 Bedroom Apartments

Marais Apartments

1501 Canal StNew Orleans, LA 70112
Senior Living
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Saratoga Apartments
1 to 2 Bedroom Apartments

Saratoga Apartments

212 Loyola AveNew Orleans, LA 70112
  • Utilities Included
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Merchant Lofts
1 Bedroom Apartments

Merchant Lofts

201 Magazine StNew Orleans, LA 70130
  • Utilities Included
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Thirteen15
Studio to 2 Bedroom Apartments

Thirteen15

1315 Gravier StNew Orleans, LA 70112
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The California Building
Studio to 2 Bedroom Apartments

The California Building

1111 Tulane AveNew Orleans, LA 70112
Corporate Housing
  • Utilities Included
  • Smoke Free

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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220 Decatur St
1 to 2 Bedroom Apartments

220 Decatur St

220 Decatur StNew Orleans, LA 70130
Furnished
  • Utilities Included
  • Smoke Free

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 200 Carondelet priced from $427. 1300 OCH at H3C Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $934. Here are the most affordable CBD apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
200 Carondelet1x1-c1g-tc301BR,1BA$427
1300 OCH at H3C ApartmentsA11BR,1BA$934
The Pythian Apartments1 Bedroom1BR,1BA$1,068
The SauletMarigny1BR,1BA$1,115
925 CommonThe HarmonyStudio,1BA$1,195
Moss-Bauer1x11BR,1BA$1,200
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1,200
Hibernia Tower Apartments1 Bedroom1BR,1BA$1,271
2424 TULANEA11BR,1BA$1,278

Best Value Apartments for Rent in CBD, LA

As of March 01, 2026 the best value apartment in the CBD area is the $0.65 price per square foot 124 N Galvez St Model at 124 N Galvez St, Unit 124 NORTH GALVEZ STREET in the in the CBD neighborhood starting from $1,600. The second greatest value CBD apartment is the Three Bedroom Luxury Apartment Model at The Annex Luxury Apartments starting at $3,800 with a $1.78 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.
124 N Galvez St, Unit 124 NORTH GALVEZ STREET124 N Galvez St3BR,2BA$0.65
The Annex Luxury ApartmentsThree Bedroom Luxury Apartment3BR,3BA$1.78
The Pythian Apartments2 Bedroom 2 Bath2BR,2BA$1.21
Gravier Place Apartments3 Bedroom Apartment3BR,3BA$1.59
2136 Saint Andrew St, Unit 12136 Saint Andrew St3BR,3BA$1.76
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
Hibernia Tower Apartments2 Bedroom2BR,2BA$1.78
The Muses Apartment HomesModel 2A2BR,2BA$1.85
Moss-Bauer1x11BR,1BA$1.60
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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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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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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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 $1,278.

What is the price of a cheap apartment in CBD?

The cheapest apartment in CBD is 200 Carondelet which is listed at $427, while the average apartment in CBD costs $18,376.

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 93 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 $540 which is $17,836 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.

Articles, How-To's, and Tips

decorative image for A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans article

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.