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.

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Celeste Landing
Rent Specials
$716 - $932
Total Monthly Price

Total Monthly Price

Base Rent
$716 - $932

Total Monthly Price
$716 - $932
Studio to 1 Bedroom Apartments Contact Us For Availability

Celeste Landing

1717 Religious StNew Orleans, LA 70130
Affordability
  • Verified
  • Utilities Included
  • Low Income
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3031 Mistletoe St, Unit D
$795
Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795
1 Bedroom Apartment Available Now

3031 Mistletoe St, Unit D

3031 Mistletoe StNew Orleans, LA 70118
Affordability
  • Smoke Free

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property at 3216 Deers St

$950

2 Bedroom Rentals

Available Now

3216 Deers St

New OrleansLA70122

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 824 Royal St

$1,100 - $3,300

Studio To 2 Bedroom Rentals

Available Now

824 Royal 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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The Saulet
$1,145 - $3,555
Total Monthly Price

Total Monthly Price

Base Rent
$1,009 - $3,419
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Contact Us For Availability

The Saulet

1420 Annunciation StNew Orleans, LA 70130
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Georgian
Rent Specials
$1,165 - $2,293
Total Monthly Price

Total Monthly Price

Base Rent
$1,090 - $2,218
Required Monthly Fees
$75

Total Monthly Price
$1,165 - $2,293
Studio to 2 Bedroom Apartments Available Now

The Georgian

2233 St. Charles AveNew Orleans, LA 70130
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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 1 Bed unit found at 200 Carondelet priced from $427. The Meridian has the second lowest priced unit, which is a 2 Beds apartment currently listed from $744. Here are the most affordable Downtown New Orleans apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
200 Carondelet1x1-c1g-tc301BR,1BA$427
The MeridianTwo Bedroom2BR,2BA$744
Lake VillaStudioStudio,1BA$765
Arts Senior Apartments1a1t1BR,1BA$788
Skyview TerraceStudioStudio,1BA$795
1900 Esplanade AveStudioStudio,1BA$800
Gates of Oakwood1x1 B1BR,1BA$825
Whispering PalmsStudio 1 BathStudio,1BA$850
Forest Park Apartments1 bedroom1BR,1BA$933

Best Value Apartments for Rent in Downtown New Orleans, LA

As of March 31, 2026 the best value apartment in the Downtown New Orleans area is the $1.17 price per square foot 117 28th St Model at 117 28th St, Unit 117 28th St in the in the City Park neighborhood starting from $2,100. The second greatest value Downtown New Orleans 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 Downtown New Orleans apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
117 28th St, Unit 117 28th St117 28th St3BR,2.5BA$1.17
The Pythian Apartments2 Bedroom 2 Bath2BR,2BA$1.21
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
8537 Forshey St, Unit 85398537 Forshey St3BR,2BA$1.20
The MeridianTwo Bedroom2BR,2BA$0.64
Village at Federal City - MilitaryHousingActive Military/Civilian(UPSTAIRS)2BR,1BA$1.30
2017 Lowerline St2017 Lowerline St2BR,1BA$1.21
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
Arts Senior Apartments1a1t1BR,1BA$1.21
3031 Mistletoe St, Unit D3031 Mistletoe St1BR,1BA$1.22

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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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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Pet Friendly Lifestyle
Downtown New Orleans, New Orleans, LA

Ranked #1

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 200 Carondelet which is listed at $427, while the average apartment in Downtown New Orleans costs $13,540.

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 156 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 $460 which is $13,080 cheaper than the average rent for all rentals in Downtown New Orleans.

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

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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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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.