
Cheap Homes for Rent in the Downtown New Orleans Neighborhood of New Orleans, LA from $500 (122 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown New Orleans area of New Orleans.


1101 Odeon Ave

1107 Odeon St

1418 Jourdan Ave

3608 Eagle St

1022 N Broad St

5504 Canal Blvd

2702 Felicity St, Unit #4

1332 Frenchmen St

9107 Fig 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.

4417 Chestnut St

1941 Independence St

505 Andry St

2109 Mandeville St, Unit 2109 Mandeville St.

2824 Pauger St, Unit 2830

132 S Broad St

1543 Murl St

213 Rosebud St, Unit F

2115 Danneel St, Unit 102

3216 Deers St
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.

3300 Garden Oaks Dr

906 N White St

8205 Nelson St, Unit A

1844 Pauline St, Unit 1844 Pauline Street

4520 N Rampart St, Unit 10

221 Hillary St

1840 Painters St, Unit 1840

1619 Laharpe St, Unit A

3022 Toulouse St

2015 Coliseum St, Unit D
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.

4523 Baudin St

4118 Iberville St

2013 S Liberty St

1921 General Taylor St

1215 Josephine St, Unit 4

1868 Benefit St

8810 Oleander St

421 Burgundy St, Unit 4

2300 Jena St, Unit B

708 Orleans 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.

2427 Peniston St

1832 Painters St, Unit Studio

625 N Scott St

2522 N Tonti St

4011 Iberville St

1812 Dante St

9311 Belfast St, Unit Suite D

840 Ursulines Ave, Unit 2

2421 Monroe St

2703 3rd St
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.
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 | $1,733 | $950 | $5,500 |
| Downtown New Orleans 3 Bedroom Homes for Rent | $2,092 | $1,200 | $5,000 |
| Downtown New Orleans 4 Bedroom Homes for Rent | $3,009 | $1,450 | $5,000 |
| Downtown New Orleans 5 Bedroom Homes for Rent | $4,377 | $2,100 | $5,500 |
| Downtown New Orleans 6 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Homes for Rent in this Neighborhood
There are currently 122 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 Studio unit found at Brixen on Lake Ave 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brixen on Lake Ave | Studio | Studio,1BA | $765 |
| Skyview Terrace | Studio | Studio,1BA | $795 |
| Whispering Palms | Studio 1 Bath | Studio,1BA | $850 |
| Gates of Oakwood | 1x1.5TH | 1BR,1BA | $875 |
| Forest Park Apartments | 1 bedroom | 1BR,1BA | $933 |
| Harmony Oaks | 1 Bdrm Garden, 696 SqFt, Tax Credit, 60% AMI | 1BR,1BA | $933 |
| 200 Carondelet | Studio-csc-mkt | Studio,1BA | $950 |
| Elysian Apartments | Studio | 1BR,1BA | $975 |
| 6564 Fleur De Lis Dr | 1 Bed / 1 Bath | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Downtown New Orleans, LA
As of July 16, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1912 General Pershing St, Unit Upstairs unit | 1912 General Pershing St | 3BR,1BA | $0.95 |
| 700 Florida Blvd, Unit 700 Florida Blvd. | 700 Florida Blvd | 3BR,2.5BA | $1.05 |
| 3314 Touro St, Unit 3314 touro | 3314 Touro St | 2BR,1BA | $0.71 |
| Wilshire Heights | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.09 |
| 1980 Hope St, Unit 1980 | 1980 Hope St | 3BR,1BA | $0.93 |
| 1127 S Dupre St, Unit Student Apartment | 1127 S Dupre St | 1BR,1BA | $0.66 |
| 5412 York St, Unit B | 5412 York St | 2BR,1BA | $1.29 |
| 7817 Birch St | 7817 Birch St | 2BR,1BA | $1.12 |
| 7815 Birch St, Unit 7815 | 7815 Birch St | 2BR,1BA | $1.21 |
| Bienville Basin Apartments | 1 Bedroom Apartment | 1BR,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.
Read ArticleReal 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.
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 1537 Apartments for Rent in Downtown New Orleans, LA with pricing that ranges from $246 to $15,125. There are also 401 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown New Orleans ranging from $595 to $6,000.
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 $6,000 with an average monthly rent of $2,818.
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 $9,058, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,450 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.
Helpful Local Expert Guides

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.

From Campus to Cajun Cuisine: Finding Your Perfect Student Apartment in New Orleans
Written by: Melissa Maxwell
Congratulations on getting into college! The next four years are going to be pretty exciting. If you got into a college in The Big Easy, just remember that it isn't always Mardi Gras.

Mardi Gras on the Weekends: The Best Neighborhoods to Rent Near New Orleans Top Employers
Written by: Melissa Maxwell
I'm Melissa, your ApartmentHomeLiving.com Local Expert for New Orleans and I'm here to tell you about the best places to live and work in The Big Easy. Not every day is Mardi Gras! We work too.

Welcome to the Big Easy: A Local Insider's Guide to New Orleans
Written by: Melissa Maxwell
For many people, the closest they come to New Orleans is watching The Princess and the Frog or that episode of The Simpsons where Marge stars in a musical based on A Streetcar Named Desire.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
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.