Cheap Homes for Rent in New Orleans, LA from $500 (134 Rentals)

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

property at 8009 Downman Rd

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

8009 Downman Rd

New OrleansLA70126

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 7019 Crowder Blvd

$892

Total Monthly Price

Total Monthly Price

Base Rent
$892

Total Monthly Price
$892

1 Bedroom, 1 Bath Home for Rent

Available Now

7019 Crowder Blvd

New OrleansLA70127
property at 7019 Crowder Blvd

$892

Total Monthly Price

Total Monthly Price

Base Rent
$892

Total Monthly Price
$892

1 Bedroom, 1 Bath Home for Rent

Available Now

7019 Crowder Blvd

New OrleansLA70127

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 1564 Annunciation St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

1564 Annunciation St

New OrleansLA70130
property at 7019 Crowder Blvd

$982

Total Monthly Price

Total Monthly Price

Base Rent
$982

Total Monthly Price
$982

2 Bedroom, 2 Bath Home for Rent

Available Now

7019 Crowder Blvd

New OrleansLA70127
property at 7019 Crowder Blvd

$982

Total Monthly Price

Total Monthly Price

Base Rent
$982

Total Monthly Price
$982

2 Bedroom, 2 Bath Home for Rent

Available Now

7019 Crowder Blvd

New OrleansLA70127

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.

property at 2717 S Liberty St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

2717 S Liberty St

New OrleansLA70113
property at 616 Garden Road

$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

616 Garden Road

MarreroLA70072
property at 2427 Peniston 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

2427 Peniston St

New OrleansLA70115
property at 213 Rosebud St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Condo for Rent

Available Now

213 Rosebud St

MetairieLA70005
property at 213 Rosebud St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Condo for Rent

Available Now

213 Rosebud St

MetairieLA70005
property at 1526 Spain St

$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

1526 Spain St

New OrleansLA70117
property at 2427 Peniston 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

2427 Peniston St

New OrleansLA70115

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.

property at 2330 Edenborn Ave

$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 Apr 13

2330 Edenborn Ave, Unit 120

2330 Edenborn Ave
MetairieLA70001

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

Cheapest Neighborhoods for Apartments in New Orleans, LA

Pricing Updated: 03/23/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Gentilly Woods$1,250$66015
Ponchartrain Park$1,275$6607
Sherwood Forest$1,275$700198
Lake Forest East$1,441$78121
Little Woods$1,441$660214
Pines$1,441$66032
Pines Village$1,441$66024
Plum Orchard$1,441$66027
Read Boulevard East$1,441$700198
Read Boulevard West$1,441$700217

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 ListingModel NameBed/BathPriced From
200 Carondelet1x1-c1g-tc301BR,1BA$427
940 Avenue F4Studio,1BA$670
Parc FontaineBienville1BR,1BA$710
Patio VillaStudioStudio,1BA$735
The MeridianTwo Bedroom2BR,2BA$744
Lake VillaStudioStudio,1BA$765
Laguna Creek1 Bedroom1BR,1BA$781
PeppertreeStudioStudio,1BA$785
Chateau NapoleonClassic StudioStudio,1BA$785
Arts Senior Apartments1a1t1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
124 N Galvez St, Unit 124 NORTH GALVEZ STREET124 N Galvez St3BR,2BA$0.65
Naval Air Station Joint Reserve BaseActive Duty = BAH4BR,2.5BA$1.05
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
2553 Saint Ann St, Unit 810N.DorgenoisSt.Down2553 Saint Ann St2BR,1BA$0.94
The MeridianTwo Bedroom2BR,2BA$0.64
Laguna Reserve2 Bedroom2BR,2BA$0.83
8020 Haney Dr, Unit Demetria8020 Haney Dr2BR,1BA$1.10
Elysian Courtyards Of GentillyMagnolia2BR,2BA$1.05
176 Rosalie Dr, Unit 148176 Rosalie Dr2BR,1BA$1.05
Parc FontaineBienville1BR,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.

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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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The 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.

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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.

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How much rent can you afford?

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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 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

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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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.