Cheap Homes for Rent in New Orleans, LA from $500 (224 Rentals)

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Search the lowest-cost Homes available for rent right now in New Orleans.

property at 6219 3rd Ave

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

Studio, 1 Bath Home for Rent

Available Now

6219 3rd Ave

MarreroLA70072

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 525 Emile Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

3 Bedroom, 2 Bath Home for Rent

Available Now

525 Emile Ave

Bridge CityLA70094
property at 3100 Rue Parc Fontaine

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Condo for Rent

Available Now

3100 Rue Parc Fontaine, Unit 2303

3100 Rue Parc Fontaine
New OrleansLA70131
property at 8428 Oleander St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

8428 Oleander St

New OrleansLA70118
property at 1332 Frenchmen St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1332 Frenchmen St

New OrleansLA70116
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

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 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
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

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 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
property at 209 N Bernadotte St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

209 N Bernadotte St

New OrleansLA70119
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 135 6th 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

135 6th St

Bridge CityLA70094

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 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
property at 2425 Oxford Pl

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Condo for Rent

Available Now

2425 Oxford Pl, Unit 136

2425 Oxford Pl
GretnaLA70056

Welcome to the Big Easy: A Local Insider's Guide to New Orleans

Ready to explore the real New Orleans? Our local insider breaks down the best places to eat, drink, shop, learn, and play in one of America's most unique and vibrant cities.

New Orleans, LA Local Guide

Cheapest Neighborhoods for Apartments in New Orleans, LA

Pricing Updated: 06/22/2026

Current apartment rentals in the New Orleans, LA area range in price from $246 to $15,700 with an overall median price of $5,117. The three New Orleans neighborhoods with the lowest median rent pricing are Village De LEst at $950, English Turn at $950, and Ponchartrain Park at $660. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New Orleans Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Village De LEst$950$9501
English Turn$1,075$9502
Ponchartrain Park$1,080$6604
Sherwood Forest$1,324$700317
Edgelake$1,335$700311
Lake Forest East$1,441$74045
Little Woods$1,441$660352
Pines$1,441$66053
Pines Village$1,441$66043
Plum Orchard$1,441$66054

Cheapest Available New Orleans Apartments for Rent

 

The cheapest available apartment rental in New Orleans, LA is a 1 Bed unit found at Parc Fontaine in the Old Aurora neighborhood priced from $710. Peppertree in the St Charles Parish neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $735. Here is today’s list of the most affordable New Orleans apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parc FontaineBienville1BR,1BA$710
PeppertreeStudioStudio,1BA$735
Azalea BelleA11BR,1BA$740
Lake VillaStudioStudio,1BA$765
Chateau CarmelA11BR,1BA$785
Chateau NapoleonClassic StudioStudio,1BA$785
Riviere Royale1 Bedroom1BR,1BA$790
Skyview TerraceStudioStudio,1BA$795
Whitney Manor1 Bed 1 Bath1BR,1BA$799

Best Value Apartments for Rent in New Orleans, LA

As of June 23, 2026 the best value apartment in the New Orleans area is the $1.05 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 $1,950. The second greatest value New Orleans apartment is the 3314 Touro St Model at 3314 Touro St, Unit 3314 touro starting at $1,200 with a $0.71 price per square foot in the City Park neighborhood. Here is today’s list of the best values for 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$1.05
3314 Touro St, Unit 3314 touro3314 Touro St2BR,1BA$0.71
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
1127 S Dupre St, Unit Student Apartment1127 S Dupre St1BR,1BA$0.64
937 E Monterey Ct, Unit B937 E Monterey Ct3BR,2BA$0.87
8703 Dinkins St, Unit 2 Bedroom8703 Dinkins St2BR,1BA$1.12
Lakeside V2 Bedrooms w/Den, 2 Baths2BR,2BA$1.13
Marrero Commons3 Bdrm Garden, 1168 SqFt, Tax Credit, 60% AMI3BR,2BA$1.09
315 Ash St, Unit 15315 Ash St1BR,1BA$1.03
Parc FontaineBienville1BR,1BA$1.09

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about New Orleans

What type of rentals are currently available in New Orleans?

There are currently 2721 Apartments for Rent in New Orleans, LA with pricing that ranges from $246 to $15,700. There are also 556 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Orleans ranging from $595 to $7,500.

What is the current price range for Rental Homes in New Orleans?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Orleans ranges from $595 to $7,500 with an average monthly rent of $2,758.

How much are larger Three and Four Bedroom Rentals in New Orleans?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New Orleans range from $1,030 to $9,770, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $5,000. 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.

Helpful Local Expert Guides

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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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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.

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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 Insiders 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

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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.