Cheap Apartments for Rent in the CBD Neighborhood of New Orleans, LA from $400 (76 Rentals)

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

property at 824 Royal St

$1,100 - $3,300

Studio To 2 Bedroom Rentals

Available Now

824 Royal St

New OrleansLA70116

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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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property at 925 Common St

$1,140 - $1,148

1 Bedroom Rentals

Available Now

925 Common St

New OrleansLA70112
property at 1016 Canal St

$1,142 - $1,198

Studio Rentals

Available Apr 25

1016 Canal St

New OrleansLA70112

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.

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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.

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property at 632 Esplanade Ave

$1,600 - $3,200

1 To 2 Bedroom Rentals

Available Now

632 Esplanade Ave

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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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

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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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
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$1,032
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1,200
Moss-Bauer1x11BR,1BA$1,200
The SauletMarigny1BR,1BA$1,230
Hibernia Tower Apartments1 Bedroom1BR,1BA$1,272
2424 TULANEA11BR,1BA$1,340
925 CommonThe HarmonyStudio,1BA$1,351
The Strand Apartments1 Bedroom Apartment1BR,1BA$1,436

Best Value Apartments for Rent in CBD, LA

As of April 24, 2026 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 2 Bath Model at The Pythian Apartments starting at $2,062 with a $1.21 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
The Pythian Apartments2 Bedroom 2 Bath2BR,2BA$1.21
2136 Saint Andrew St, Unit 12136 Saint Andrew St3BR,3BA$1.76
The Strand Apartments2 Bedroom Apartment2BR,2BA$1.50
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
Nine 27 Apartments2 Bedroom2BR,2BA$2.02
City Square 1622 Bedroom2BR,1BA$1.88
Moss-Bauer1x11BR,1BA$1.60
930 Poydras1 bedroom1BR,1BA$2.03
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$1.68

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 $1,436.

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 $12,813.

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 51 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 $419 which is $12,394 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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.