
Cheap Homes for Rent in Downtown New Orleans Neighborhood of New Orleans, LA from $700 (135 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown New Orleans area of New Orleans.


1710 N Robertson St

1566 Annunciation St

8428 Oleander St

2320 Annette St

2035 Arts St, Unit C

2507 Jonquil St

516 S Genois St

3216 Deers St

213 Rosebud St
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.

1566 Annunciation St

3300 Garden Oaks Dr

213 Rosebud St

3219 Fern St

4524 N Rampart St

3135 Eads St

9309 Belfast St, Unit Room C

3343 Esplanade Ave

3030 Palmyra St

1631 Esplanade Ave
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.

708 Orleans St

840 Ursulines Ave, Unit 2

2523 Law St

1868 Benefit St

2100 Philip St

1832 Painters St, Unit Studio, Unit Studio

3528 Audubon St

925 Common St, Unit GO ID1272335P

925 Common St, Unit SI ID1272333P

4615 Iberville St
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.

2016 Spain St

4224 Walmsley Ave

1232 Saint Andrew St

7522 Benjamin St, Unit 203, Unit 203

9309 Belfast St, Unit Room B

1501 Desire St

4072 State St Dr, Unit State Street Drive

1819 St Roch Ave

6068 Beechcraft St

1205 St Charles Ave, Unit 606, Unit 606
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.

2520 Leonidas St

2223 Washington Ave

623 Alvar St

3508 Cleveland Ave

4119 N Derbigny St, Unit 4119 N Derbigny Street

2502 Monroe St

1161 Lake Ave, Unit 222, Unit 222

1731 Amelia St

844 Roosevelt Pl

9309 Belfast St, Unit Room A
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.
Downtown New Orleans, New Orleans, LA Local Guide

How much does it cost to rent a home in Downtown New Orleans?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown New Orleans 2 Bedroom Homes for Rent | $1,715 | $950 | $4,300 |
| Downtown New Orleans 3 Bedroom Homes for Rent | $2,275 | $1,200 | $9,500 |
| Downtown New Orleans 4 Bedroom Homes for Rent | $3,198 | $1,600 | $8,000 |
| Downtown New Orleans 5 Bedroom Homes for Rent | $4,718 | $2,900 | $6,500 |
| Downtown New Orleans 6 Bedroom Homes for Rent | $8,250 | $7,500 | $9,000 |
Browse Homes for Rent in this Neighborhood
There are currently 135 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
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 200 Carondelet | 1x1-c1g-tc30 | 1BR,1BA | $427 |
| 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 |
| Whispering Palms | Studio 1 Bath | Studio,1BA | $850 |
| Forest Park Apartments | 1 bedroom | 1BR,1BA | $933 |
| 1300 OCH at H3C Apartments | A1 | 1BR,1BA | $934 |
| Elysian Apartments | Studio | 1BR,1BA | $975 |
Best Value Apartments for Rent in Downtown New Orleans, LA
As of April 16, 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 |
| 3314 Touro St, Unit 3314 touro | 3314 Touro St | 2BR,1BA | $0.71 |
| Wilshire Heights | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.09 |
| 1127 S Dupre St, Unit Student Apartment | 1127 S Dupre St | 1BR,1BA | $0.66 |
| 7620 Freret St, Unit 7620 FRERET | 7620 Freret St | 1BR,1BA | $1.06 |
| 2017 Lowerline St | 2017 Lowerline St | 2BR,1BA | $1.21 |
| Bienville Basin Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.14 |
| Gates of Oakwood | 2x1.5 | 2BR,1.5BA | $1.04 |
| Arts Senior Apartments | 1a1t | 1BR,1BA | $1.21 |
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
Frequently Asked Questions about Downtown New Orleans
What type of rentals are currently available in Downtown New Orleans?
There are currently 1532 Apartments for Rent in Downtown New Orleans, LA with pricing that ranges from $246 to $20,677. There are also 398 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Orleans ranging from $750 to $9,500.
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 $9,500 with an average monthly rent of $3,263.
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 $1,247 to $9,169, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $9,500. Four Bedroom Single-Family rentals are also available starting from $1,600 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

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.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.