Cheap Homes for Rent in the Downtown New Orleans Neighborhood of New Orleans, LA from $500 (122 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 5504 Canal Blvd

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

5504 Canal Blvd

New OrleansLA70124
property at 1332 Frenchmen St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1332 Frenchmen 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.

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

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.

property at 906 N White St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

906 N White St

New OrleansLA70119
property at 8205 Nelson St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

8205 Nelson St, Unit A

8205 Nelson St
New OrleansLA70118

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.

property at 8810 Oleander St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

8810 Oleander St

New OrleansLA70118
property at 2300 Jena 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

2300 Jena St, Unit B

2300 Jena 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

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.

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 625 N Scott St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Townhome for Rent

Available Now

625 N Scott St

New OrleansLA70119
property at 2421 Monroe St

$1,199

Total Monthly Price

Total Monthly Price

Base Rent
$1,199

Total Monthly Price
$1,199

2 Bedroom, 1 Bath Home for Rent

Available Now

2421 Monroe St

New OrleansLA70118
property at 2703 3rd St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2703 3rd St

New OrleansLA70113

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

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 ListingModel NameBed/BathPriced From
Brixen on Lake AveStudioStudio,1BA$765
Skyview TerraceStudioStudio,1BA$795
Whispering PalmsStudio 1 BathStudio,1BA$850
Gates of Oakwood1x1.5TH1BR,1BA$875
Forest Park Apartments1 bedroom1BR,1BA$933
Harmony Oaks1 Bdrm Garden, 696 SqFt, Tax Credit, 60% AMI1BR,1BA$933
200 CarondeletStudio-csc-mktStudio,1BA$950
Elysian ApartmentsStudio1BR,1BA$975
6564 Fleur De Lis Dr1 Bed / 1 Bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1912 General Pershing St, Unit Upstairs unit1912 General Pershing St3BR,1BA$0.95
700 Florida Blvd, Unit 700 Florida Blvd.700 Florida Blvd3BR,2.5BA$1.05
3314 Touro St, Unit 3314 touro3314 Touro St2BR,1BA$0.71
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
1980 Hope St, Unit 19801980 Hope St3BR,1BA$0.93
1127 S Dupre St, Unit Student Apartment1127 S Dupre St1BR,1BA$0.66
5412 York St, Unit B5412 York St2BR,1BA$1.29
7817 Birch St7817 Birch St2BR,1BA$1.12
7815 Birch St, Unit 78157815 Birch St2BR,1BA$1.21
Bienville Basin Apartments1 Bedroom Apartment1BR,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 Article
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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.

Read Article
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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 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

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.

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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.

decorative image for Mardi Gras on the Weekends: The Best Neighborhoods to Rent Near New Orleans Top Employers article

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.

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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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.