Cheap Homes for Rent in Downtown New Orleans Neighborhood of New Orleans, LA from $700 (140 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

$900 - $1,075

1 To 2 Bedroom Rentals

Available Now

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

$975

2 Bedroom, 1 Bath Home for Rent

Available Now

1109 Teche St

New OrleansLA70114
property at 8322 Cohn St

$975

1 Bedroom, 1 Bath Home for Rent

Available Now

8322 Cohn St

New OrleansLA70118
property at 1016 Canal St

$987 - $1,090

Studio Rentals

Available Now

1016 Canal St

New OrleansLA70112
property at 1500 Clouet St

$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

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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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

$1,125

2 Bedroom, 1 Bath Home for Rent

Available Now

8810 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 1900 Esplanade Ave priced from $800. Lake Villa has the second lowest priced unit, which is a Studio apartment currently listed from $817. Here are the most affordable Downtown New Orleans apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
1900 Esplanade AveStudioStudio,1BA$800
Lake VillaStudioStudio,1BA$817
MarquisC13BR,2BA$833
Whispering PalmsStudio 1 BathStudio,1BA$850
200 CarondeletStudio-csh-tc60Studio,1BA$873
Gates of Oakwood1x1.51BR,1BA$875
Forest Park Apartments1 bedroom1BR,1BA$932
Marrero Commons Apartments1 Bedroom Tax Credit***1BR,1BA$932

Best Value Apartments for Rent in Downtown New Orleans, LA

As of December 17, 2025 the best value apartment in the Downtown New Orleans area is the $0.88 price per square foot 7010 Milne Blvd Model at 7010 Milne Blvd, Unit 7010 in the in the City Park neighborhood starting from $1,900. The second greatest value Downtown New Orleans apartment is the 614 Fourth St Model at 614 Fourth St, Unit 614 starting at $1,495 with a $0.75 price per square foot in the Irish Channel 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.
7010 Milne Blvd, Unit 70107010 Milne Blvd3BR,2BA$0.88
614 Fourth St, Unit 614614 Fourth St3BR,1BA$0.75
The Pythian Apartments2 Bedroom 2 Bath2BR,2BA$1.21
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.12
1127 S Dupre St, Unit Student Apartment1127 S Dupre St1BR,1BA$0.66
3927 Baudin St, Unit A3927 Baudin St3BR,2BA$1.17
2115 Marengo St, Unit C2115 Marengo St1BR,1BA$1.20
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
9031 Palm St, Unit 90319031 Palm St2BR,1BA$1.06
Gates of Oakwood1x11BR,1BA$1.14

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 #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 1559 Apartments for Rent in Downtown New Orleans, LA with pricing that ranges from $244 to $28,678. There are also 482 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Orleans ranging from $250 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 $250 to $10,800 with an average monthly rent of $4,874.

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 $1,050 to $14,292, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $5,200. Four Bedroom Single-Family rentals are also available starting from $818 and Four Bedroom Apartments start at $929.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!