
Cheap Homes for Rent in New Orleans, LA from $500 (134 Rentals)
Search the lowest-cost Homes available for rent right now in New Orleans.


54417 LA-433

6219 3rd Ave

54417 LA-433

1107 Odeon St

1418 Jourdan Ave

8009 Downman Rd

638 Ave F

3100 17th St

1101 Odeon 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.

2341 Caddy Dr

2785 Colony Ct

718 Lamanche St

8428 Oleander St

918 Mehle St

7019 Huntington Park Dr

7019 Crowder Blvd

7019 Crowder Blvd

505 Andry St

2534 Marengo 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.

1113 Odeon Ave

2216 Glasgow Dr

1916 Claire Ave, Unit D

1564 Annunciation St

2420 Martin Luther King Jr Blvd

508 Julius Ave

4218 Hessmer Ave

7019 Crowder Blvd

7019 Crowder Blvd

7019 Huntington Park Dr
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.

2824 Pauger St

2719 S Liberty St

2717 S Liberty St

616 Garden Road

4524 N Rampart St

2427 Peniston St

213 Rosebud St

213 Rosebud St

1526 Spain St

2427 Peniston St
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.

1520 Arts St

2139 Cadiz St

917 N Rocheblave St

321 Robinson Ave

3343 Esplanade Ave

3135 Eads St

929 Dumaine St

2330 Edenborn Ave, Unit 120

1910 Ree St

2325 Florida Ave
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
New Orleans, LA Local Guide

How much does it cost to rent a home in New Orleans?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Orleans 2 Bedroom Homes for Rent | $1,583 | $792 | $3,600 |
| New Orleans 3 Bedroom Homes for Rent | $2,083 | $1,200 | $4,650 |
| New Orleans 4 Bedroom Homes for Rent | $2,756 | $1,600 | $8,000 |
| New Orleans 5 Bedroom Homes for Rent | $4,916 | $2,448 | $6,500 |
| New Orleans 6 Bedroom Homes for Rent | $7,925 | $6,300 | $9,000 |
Browse Top Homes for Rent in New Orleans
Explore New Orleans
New Orleans, LA Local Guide
- New Orleans Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in New Orleans, LA
Pricing Updated: 03/23/2026Current apartment rentals in the New Orleans, LA area range in price from $267 to $23,394 with an overall median price of $6,465. The three New Orleans neighborhoods with the lowest median rent pricing are Gentilly Woods at $660, Ponchartrain Park at $660, and Sherwood Forest at $700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New Orleans Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Gentilly Woods | $1,250 | $660 | 15 |
| Ponchartrain Park | $1,275 | $660 | 7 |
| Sherwood Forest | $1,275 | $700 | 198 |
| Lake Forest East | $1,441 | $781 | 21 |
| Little Woods | $1,441 | $660 | 214 |
| Pines | $1,441 | $660 | 32 |
| Pines Village | $1,441 | $660 | 24 |
| Plum Orchard | $1,441 | $660 | 27 |
| Read Boulevard East | $1,441 | $700 | 198 |
| Read Boulevard West | $1,441 | $700 | 217 |
Cheapest Available New Orleans Apartments for Rent
 The cheapest available apartment rental in New Orleans, LA is a 1 Bed unit found at 200 Carondelet in the Vieux Carre neighborhood priced from $427. 940 Avenue F in the West Riverside neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $670. Here is today’s list of the most affordable New Orleans apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 200 Carondelet | 1x1-c1g-tc30 | 1BR,1BA | $427 |
| 940 Avenue F | 4 | Studio,1BA | $670 |
| Parc Fontaine | Bienville | 1BR,1BA | $710 |
| Patio Villa | Studio | Studio,1BA | $735 |
| The Meridian | Two Bedroom | 2BR,2BA | $744 |
| Lake Villa | Studio | Studio,1BA | $765 |
| Laguna Creek | 1 Bedroom | 1BR,1BA | $781 |
| Peppertree | Studio | Studio,1BA | $785 |
| Chateau Napoleon | Classic Studio | Studio,1BA | $785 |
| Arts Senior Apartments | 1a1t | 1BR,1BA | $788 |
Best Value Apartments for Rent in New Orleans, LA
As of March 23, 2026 the best value apartment in the New Orleans area is the $0.65 price per square foot 124 N Galvez St Model at 124 N Galvez St, Unit 124 NORTH GALVEZ STREET in the in the CBD neighborhood starting from $1,600. The second greatest value New Orleans apartment is the Active Duty = BAH Model at Naval Air Station Joint Reserve Base starting at $1,900 with a $1.05 price per square foot in the Outlying Jefferson Parish neighborhood. Here is today’s list of the best values for New Orleans apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 124 N Galvez St, Unit 124 NORTH GALVEZ STREET | 124 N Galvez St | 3BR,2BA | $0.65 |
| Naval Air Station Joint Reserve Base | Active Duty = BAH | 4BR,2.5BA | $1.05 |
| Wilshire Heights | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.09 |
| 2553 Saint Ann St, Unit 810N.DorgenoisSt.Down | 2553 Saint Ann St | 2BR,1BA | $0.94 |
| The Meridian | Two Bedroom | 2BR,2BA | $0.64 |
| Laguna Reserve | 2 Bedroom | 2BR,2BA | $0.83 |
| 8020 Haney Dr, Unit Demetria | 8020 Haney Dr | 2BR,1BA | $1.10 |
| Elysian Courtyards Of Gentilly | Magnolia | 2BR,2BA | $1.05 |
| 176 Rosalie Dr, Unit 148 | 176 Rosalie Dr | 2BR,1BA | $1.05 |
| Parc Fontaine | Bienville | 1BR,1BA | $1.09 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New Orleans, LA Rentals by Map
See the most popular apartments and homes in New Orleans, LA
Frequently Asked Questions about New Orleans
What type of rentals are currently available in New Orleans?
There are currently 2687 Apartments for Rent in New Orleans, LA with pricing that ranges from $267 to $23,359. There are also 481 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Orleans ranging from $549 to $9,000.
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 $549 to $9,000 with an average monthly rent of $3,124.
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 $8,572, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $4,650. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,275.
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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.