Cheap Homes for Rent in Downtown New Orleans Neighborhood of New Orleans, LA from $700 (147 Rentals)

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

property at 1621 Crete St

1621 Crete St

New OrleansLA70119

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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property at 1109 Teche St

1109 Teche St

New OrleansLA70114
property at 9022 Palm St

9022 Palm St

New OrleansLA70118
property at 1500 Clouet St

1500 Clouet St

New OrleansLA70117

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 1353 Annette St

1353 Annette St

New OrleansLA70116

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 8810 Oleander St

8810 Oleander St

New OrleansLA70118
property at 8812 Oleander St

8812 Oleander St

New OrleansLA70118

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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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. Lumina has the second lowest priced unit, which is a Studio apartment currently listed from $456. 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
LuminaPerseus (Income Restricted)Studio,1BA$456
MarquisB32BR,2BA$717
Gates of Oakwood1x1.51BR,1BA$799
1900 Esplanade AveStudioStudio,1BA$800
Whispering PalmsStudio 1 BathStudio,1BA$850
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 October 31, 2025 the best value apartment in the Downtown New Orleans area is the $1.25 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 $2,250. The second greatest value Downtown New Orleans apartment is the 3316 Touro St Model at 3316 Touro St, Unit 3314 touro starting at $1,100 with a $0.65 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.
117 28th St, Unit 117 28th St117 28th St3BR,2.5BA$1.25
3316 Touro St, Unit 3314 touro3316 Touro St2BR,1BA$0.65
2203 Louisiana Ave, Unit 22032203 Louisiana Ave3BR,1BA$1.05
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.18
3927 Baudin St, Unit A3927 Baudin St3BR,2BA$1.25
2019 Lowerline St, Unit 20192019 Lowerline St2BR,1BA$1.25
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
Gates of Oakwood1x11BR,1BA$1.18

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 #10

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown New Orleans

What type of rentals are currently available in Downtown New Orleans?

There are currently 1546 Apartments for Rent in Downtown New Orleans, LA with pricing that ranges from $456 to $60,000. There are also 497 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Orleans ranging from $750 to $10,800.

What is the current price range for Rental Homes in Downtown New Orleans?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown New Orleans ranges from $750 to $10,800 with an average monthly rent of $4,813.

How much are larger Three and Four Bedroom Rentals in Downtown New Orleans?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown New Orleans range from $1,155 to $8,770, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $929.

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.