Cheap Apartments for Rent in the Downtown New Orleans Neighborhood of New Orleans, LA from $400 (160 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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Marquis
$726 - $2,545
Total Monthly Price

Total Monthly Price

Base Rent
$726 - $2,545
Total Monthly Price
$726 - $2,545
1 to 4 Bedroom Apartments Available Now

Marquis

2651 Poydras StNew Orleans, LA 70119
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Forest Park Apartments
Rent Specials
$933 - $1,881
Total Monthly Price

Total Monthly Price

Base Rent
$933 - $1,881
Total Monthly Price
$933 - $1,881
1 to 3 Bedroom Apartments Available Now

Forest Park Apartments

3708 Garden Oaks DrNew Orleans, LA 70114
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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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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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Zurqui at Cypress
$1,150 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,350
Total Monthly Price
$1,150 - $1,350
2 Bedroom Apartments Available Jul 6

Zurqui at Cypress

2020 Cypress Acres DrNew Orleans, LA 70114
Affordability
  • Verified
  • Customer Reviewed
  • Smoke Free

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 2 Beds unit found at Marquis priced from $726. Lake Villa has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Downtown New Orleans apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
MarquisB32BR,2BA$726
Lake VillaStudioStudio,1BA$765
Skyview TerraceStudioStudio,1BA$795
Whispering PalmsStudio 1 BathStudio,1BA$850
200 CarondeletStudio-csc-mktStudio,1BA$875
Gates of Oakwood1x1.5TH1BR,1BA$875
Forest Park Apartments1 bedroom1BR,1BA$933
Elysian ApartmentsStudio1BR,1BA$975
6564 Fleur De Lis Dr1 Bed / 1 Bath1BR,1BA$1,000

Best Value Apartments for Rent in Downtown New Orleans, LA

As of June 29, 2026 the best value apartment in the Downtown New Orleans area is the $0.95 price per square foot 1912 General Pershing St Model at 1912 General Pershing St, Unit Upstairs unit in the in the Irish Channel neighborhood starting from $1,900. The second greatest value Downtown New Orleans apartment is the 700 Florida Blvd Model at 700 Florida Blvd, Unit 700 Florida Blvd. starting at $1,950 with a $1.05 price per square foot in the City Park 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.
1912 General Pershing St, Unit Upstairs unit1912 General Pershing St3BR,1BA$0.95
700 Florida Blvd, Unit 700 Florida Blvd.700 Florida Blvd3BR,2.5BA$1.05
3314 Touro St, Unit 3314 touro3314 Touro St2BR,1BA$0.71
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
1980 Hope St, Unit 19801980 Hope St3BR,1BA$0.93
3000 Saint Roch Ave3000 Saint Roch Ave3BR,2BA$1.20
7817 Birch St7817 Birch St2BR,1BA$1.15
2019 Lowerline St, Unit 20192019 Lowerline St2BR,1BA$1.23
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
315 Ash St, Unit 15315 Ash St1BR,1BA$1.03

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $1,000.

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

The cheapest apartment in Downtown New Orleans is Skyview Terrace which is listed at $850, while the average apartment in Downtown New Orleans costs $9,000.

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 46 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 $332 which is $8,668 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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.