Cheap Apartments for Rent in the Downtown New Orleans Neighborhood of New Orleans, LA from $400 (218 Rentals)

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

property at 1620 Pauger St

1620 Pauger St

New OrleansLA70116

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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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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property at 1301 Napoleon Ave

1301 Napoleon Ave

New OrleansLA70115

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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Showing Results 1-50, Page 1 of 5

Downtown New Orleans, New Orleans, LA Local Guide

Cheapest Available Downtown New Orleans Apartments for Rent

 

The cheapest available apartment rental in the Downtown New Orleans area of New Orleans, LA is a Studio unit found at Arts Senior Apartments priced from $424. Marquis has the second lowest priced unit, which is a 2 Beds apartment currently listed from $717. Here are the most affordable Downtown New Orleans apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
Arts Senior ApartmentsEff FStudio,1BA$424
MarquisB32BR,2BA$717
Art Walk1 Bed, 1 bath1BR,1BA$725
1900 Esplanade AveStudioStudio,1BA$800
Whispering PalmsStudio 1 BathStudio,1BA$850
Gates of Oakwood1x1.51BR,1BA$876
Forest Park Apartments1 bedroom1BR,1BA$932
Marrero Commons Apartments1 Bedroom Tax Credit***1BR,1BA$932
Harmony Oaks Apartments1 Bedroom Tax Credit***1BR,1BA$933

Best Value Apartments for Rent in Downtown New Orleans, LA

As of November 08, 2025 the best value apartment in the Downtown New Orleans area is the $0.65 price per square foot 3316 Touro St Model at 3316 Touro St, Unit 3314 touro in the in the City Park neighborhood starting from $1,100. The second greatest value Downtown New Orleans apartment is the 3 Bedrooms, 2 Baths Model at Wilshire Heights starting at $1,706 with a $1.12 price per square foot in the Navarre neighborhood. Here is today’s list of the best values for Downtown New Orleans apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3316 Touro St, Unit 3314 touro3316 Touro St2BR,1BA$0.65
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.12
209 Pine St, Unit 7209 Pine St2BR,1.5BA$1.24
2115 Marengo St, Unit C2115 Marengo St1BR,1BA$1.20
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
2300 Dante St, Unit 2302 B2300 Dante St2BR,2BA$1.10
6230 Pasteur Blvd, Unit 6230 upper6230 Pasteur Blvd2BR,1BA$1.22
Art Walk1 Bed, 1 bath1BR,1BA$0.91
Gates of Oakwood1x11BR,1BA$1.16
Arts Senior Apartments1a1t1BR,1BA$1.21

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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Pet Friendly Lifestyle
Downtown New Orleans, New Orleans, LA

Ranked #4

Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers is happy to bring you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Louisiana including Downtown New Orleans, New Orleans, and the greater New Orleans area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown New Orleans Apartments

What is a cheap apartment in Downtown New Orleans?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown New Orleans is under $933.

What is the price of a cheap apartment in Downtown New Orleans?

The cheapest apartment in Downtown New Orleans is Art Walk which is listed at $725, while the average apartment in Downtown New Orleans costs $14,270.

What types of apartments are the cheapest in Downtown New Orleans?

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 145 regular apartments in Downtown New Orleans 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 Downtown New Orleans?

Cheap apartments in Downtown New Orleans have an average cost of $480 which is $13,790 cheaper than the average rent for all rentals in Downtown New Orleans.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.