Cheap Homes for Rent in Downtown New Orleans Neighborhood of New Orleans, LA from $500 (94 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 213 Rosebud St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Home for Rent

Available Now

213 Rosebud St

MetairieLA70005
property at 2442 Pauger St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2442 Pauger St

New OrleansLA70116

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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property at 1332 Frenchmen St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1332 Frenchmen St

New OrleansLA70116
property at 213 Rosebud St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

213 Rosebud St, Unit F

213 Rosebud St
MetairieLA70005
property at 622 Hagan Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

1 Bedroom, 1 Bath Home for Rent

Available Now

622 Hagan Ave

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 807 Bourbon St

$1,000 - $1,100

1 Bedroom Rentals

Available Now

807 Bourbon St

New OrleansLA70116
property at 1706 Cambronne St

$1,080

Total Monthly Price

Total Monthly Price

Base Rent
$1,080
Total Monthly Price
$1,080

1 Bedroom, 1 Bath Home for Rent

Available Jun 2

1706 Cambronne St

New OrleansLA70118
property at 209 N Bernadotte St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

1 Bedroom, 1 Bath Home for Rent

Available Now

209 N Bernadotte St

New OrleansLA70119
property at 2427 Peniston St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

2427 Peniston St

New OrleansLA70115
property at 708 Orleans St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

Studio, 1 Bath Home for Rent

Available Now

708 Orleans St

New OrleansLA70116
property at 2427 S Robertson St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2427 S Robertson St, Unit 2427

2427 S Robertson St
New OrleansLA70113

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 7522 Benjamin St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

1 Bedroom, 1 Bath Condo for Rent

Available Now

7522 Benjamin St, Unit 203

7522 Benjamin St
New OrleansLA70118
property at 4224 Walmsley Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

4224 Walmsley Ave

New OrleansLA70125
property at 844 1/2 Roosevelt Pl

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175
Total Monthly Price
$1,175

2 Bedroom, 1 Bath Home for Rent

Available Now

844 1/2 Roosevelt Place Unit

844 1/2 Roosevelt Pl
New OrleansLA70119

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 1703 Clouet St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

1703 Clouet St

New OrleansLA70117
property at 1205 St Charles Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

Studio, 1 Bath Condo for Rent

Available Now

1205 St Charles Ave, Unit 606

1205 St Charles Ave
New OrleansLA70130
property at 1100 Hendee St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1100 Hendee St

New OrleansLA70114
property at 1313 France St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1313 France St

New OrleansLA70117

From Campus to Cajun Cuisine: Finding Your Perfect Student Apartment in New Orleans

Moving to New Orleans for college? Find your off-campus rental near Tulane, Loyola, Dillard, and more. This guide covers nearby neighborhoods, culture, and starting your student life in the Big Easy.

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Showing Results 1-50, Page 1 of 2

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 Lake Villa priced from $765. Skyview Terrace has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Downtown New Orleans apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
Lake VillaStudioStudio,1BA$765
Skyview TerraceStudioStudio,1BA$795
1900 Esplanade AveStudioStudio,1BA$800
Whispering PalmsStudio 1 BathStudio,1BA$850
200 CarondeletStudio-csc-mktStudio,1BA$875
Gates of Oakwood1x1.5TH1BR,1BA$875

Best Value Apartments for Rent in Downtown New Orleans, LA

As of June 01, 2026 the best value apartment in the Downtown New Orleans area is the $1.08 price per square foot 700 Florida Blvd Model at 700 Florida Blvd, Unit 700 Florida Blvd. in the in the City Park neighborhood starting from $2,000. The second greatest value Downtown New Orleans apartment is the 2116 Adams St Model at 2116 Adams St, Unit Middle Floor starting at $1,950 with a $1.08 price per square foot in the West Carrollton 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.
700 Florida Blvd, Unit 700 Florida Blvd.700 Florida Blvd3BR,2.5BA$1.08
2116 Adams St, Unit Middle Floor2116 Adams St3BR,1BA$1.08
3314 Touro St, Unit 3314 touro3314 Touro St2BR,1BA$0.71
8329 Pritchard Pl, Unit B8329 Pritchard Pl1BR,1.5BA$1.00
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
8537 Forshey St, Unit 85398537 Forshey St3BR,2BA$1.20
1127 S Dupre St, Unit Student Apartment1127 S Dupre St1BR,1BA$0.64
Bienville Basin Apartments2 Bedroom Apartment2BR,2BA$1.09
216 Cherokee St, Unit 216216 Cherokee St1BR,1BA$1.11
4101 S Galvez St, Unit lower unit4101 S Galvez St2BR,1BA$1.06

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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Frequently Asked Questions about Downtown New Orleans

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

There are currently 1545 Apartments for Rent in Downtown New Orleans, LA with pricing that ranges from $246 to $15,000. There are also 389 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Orleans ranging from $595 to $9,000.

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 $595 to $9,000 with an average monthly rent of $3,188.

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 $1,140 to $11,083, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $4,800. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,370.

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

decorative image for A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.