Cheap Homes for Rent in New Orleans, LA from $500 (148 Rentals)

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property at 1621 Crete St

1621 Crete St

New OrleansLA70119
property at 1109 Teche St

1109 Teche St

New OrleansLA70114
property at 9022 Palm St

9022 Palm St

New OrleansLA70118
property at 1109 Teche St

1109 Teche St

New OrleansLA70114
property at 9022 Palm St

9022 Palm St

New OrleansLA70118
property at 1500 Clouet St

1500 Clouet St

New OrleansLA70117
property at 616 Garden Road

616 Garden Road

MarreroLA70072
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New Orleans, LA Local Guide

Cheapest Neighborhoods for Apartments in New Orleans, LA

Pricing Updated: 10/27/2025

Current apartment rentals in the New Orleans, LA area range in price from $600 to $8,925 with an overall median price of $4,425. The three New Orleans neighborhoods with the lowest median rent pricing are Lake Forest East at $1,150, Pines at $1,050, and Edgelake at $1,150. 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
Lake Forest East$1,497$1,15010
Pines$1,512$1,0505
Edgelake$2,100$1,1508
Little Woods$2,100$1,05011
Behrman$2,150$80014
Gert Town$2,150$85030
Tulane Gravier$2,200$1,00013
Brechtel$2,250$1,19526
Old Aurora$2,250$80020
St Charles Parish$2,250$65058

Cheapest Available New Orleans Apartments for Rent

 

The cheapest available apartment rental in New Orleans, LA is a Studio unit found at Arts Senior Apartments in the Dillard neighborhood priced from $424. Lumina in the Mid-City neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $456. Here is today’s list of the most affordable New Orleans apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arts Senior ApartmentsEff FStudio,1BA$424
LuminaPerseus (Income Restricted)Studio,1BA$456
MarquisB32BR,2BA$717
Patio VillaStudioStudio,1BA$747
Carmel BrookBasin1BR,1BA$760
Chateau NapoleonClassic StudioStudio,1BA$785
Laguna Reserve1 Bedroom1BR,1BA$785
Laguna Creek1 Bedroom1BR,1BA$785
Westchase ApartmentsStudio BStudio,1BA$786

Best Value Apartments for Rent in New Orleans, LA

As of October 27, 2025 the best value apartment in the New Orleans area is the $0.65 price per square foot 3316 Touro St Model at 3316 Touro St, Unit 3314 touro in the in the City Park neighborhood starting from $1,100. The second greatest value New Orleans apartment is the 2203 Louisiana Ave Model at 2203 Louisiana Ave, Unit 2203 starting at $1,675 with a $1.05 price per square foot in the West Riverside 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.
3316 Touro St, Unit 3314 touro3316 Touro St2BR,1BA$0.65
2203 Louisiana Ave, Unit 22032203 Louisiana Ave3BR,1BA$1.05
4300 S Johnson St, Unit Upstairs Apartment4300 S Johnson St3BR,2BA$1.09
2137 Pasadena Ave, Unit D2137 Pasadena Ave3BR,2BA$0.98
1036 Eli Ct1036 Eli Ct2BR,1.5BA$1.00
2300 Dante St, Unit 2302 B2300 Dante St2BR,2BA$1.10
Carol SueCall Now to Confirm Availability*3BR,1.5BA$1.04
Lakeland Manor2 Bed / 1.5 Bath2BR,1.5BA$1.00
176 Rosalie Dr, Unit C176 Rosalie Dr2BR,1BA$1.05
Laguna Reserve1 Bedroom1BR,1BA$1.05

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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 2756 Apartments for Rent in New Orleans, LA with pricing that ranges from $456 to $31,751. There are also 709 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Orleans ranging from $549 to $8,925.

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 $8,925 with an average monthly rent of $3,206.

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 $1,035 to $13,506, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $6,200. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,325.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.