
Cheap Apartments for Rent in the Downtown New Orleans Neighborhood of New Orleans, LA from $400 (218 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown New Orleans area of New Orleans.


200 Carondelet

Total Monthly Price
Celeste Landing

Marquis

1107 Odeon St

Total Monthly Price
3031 Mistletoe St, Unit D

Skyview Terrace

1900 Esplanade Ave

King Rampart Senior Living (Ages 55+ ONLY)

Elysian Courtyards Of Gentilly
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.

Whispering Palms

3251 St Ferdinand St

3025-3027 Laussat Pl

Belle Reve at H3C -Senior 55+

Forest Park Apartments

1300 OCH at H3C Apartments

924 Valmont St

3216 Deers St

3300 Garden Oaks Dr

Elysian Apartments
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.

2909 Hollygrove St

5502 Loyola Ave, Unit 5502

2824 Pauger St

1520 Arts St

6564 Fleur De Lis Dr

3026 Short St, Unit C

807 Bourbon St

3507 Royal St

929 Dumaine St

River Garden on Felicity
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.

9309 Belfast St

Marais Street Apartments

Total Monthly Price
1311 General Ogden St, Unit 1311

Total Monthly Price
Centennial Place Apartments

2416 Dante St

2418-2418 Annette St

Total Monthly Price
3012 Castiglione St, Unit 1B

130 S Hennessey St

1509 St Ann St.

824 Royal St
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.

925 Common St

925 Common St

Total Monthly Price
The Saulet

Zurqui at Cypress

9309 Belfast St

Total Monthly Price
The Georgian

Chateau Lake Terrace

925 Common

1501-1503 Desire St

Esplanade at City Park
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

How much does it cost to rent an apartment in Downtown New Orleans?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown New Orleans Studio Apartments | $1,296 | $267 | $2,500 |
| Downtown New Orleans 1 Bedroom Apartments | $1,698 | $427 | $4,221 |
| Downtown New Orleans 2 Bedroom Apartments | $2,244 | $899 | $10,000+ |
| Downtown New Orleans 3 Bedroom Apartments | $2,296 | $1,155 | $7,586 |
| Downtown New Orleans 4 Bedroom Apartments | $3,733 | $1,370 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 218 rentals with your search options within a 2 mile radius of the Downtown New Orleans Neighborhood of New Orleans, LA.
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Downtown New Orleans, New Orleans, LA Local Guide
- Nearby New Orleans neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 200 Carondelet | 1x1-c1g-tc30 | 1BR,1BA | $427 |
| The Meridian | Two Bedroom | 2BR,2BA | $744 |
| Lake Villa | Studio | Studio,1BA | $765 |
| Arts Senior Apartments | 1a1t | 1BR,1BA | $788 |
| Skyview Terrace | Studio | Studio,1BA | $795 |
| 1900 Esplanade Ave | Studio | Studio,1BA | $800 |
| Gates of Oakwood | 1x1 B | 1BR,1BA | $825 |
| Whispering Palms | Studio 1 Bath | Studio,1BA | $850 |
| Forest Park Apartments | 1 bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 117 28th St, Unit 117 28th St | 117 28th St | 3BR,2.5BA | $1.17 |
| The Pythian Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.21 |
| Wilshire Heights | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.09 |
| 8537 Forshey St, Unit 8539 | 8537 Forshey St | 3BR,2BA | $1.20 |
| The Meridian | Two Bedroom | 2BR,2BA | $0.64 |
| Village at Federal City - MilitaryHousing | Active Military/Civilian(UPSTAIRS) | 2BR,1BA | $1.30 |
| 2017 Lowerline St | 2017 Lowerline St | 2BR,1BA | $1.21 |
| Bienville Basin Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.14 |
| Arts Senior Apartments | 1a1t | 1BR,1BA | $1.21 |
| 3031 Mistletoe St, Unit D | 3031 Mistletoe St | 1BR,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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown New Orleans, New Orleans, LA
Ranked #1
Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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

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.

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.

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.

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.