
Cheap Homes for Rent in New Orleans, LA from $500 (224 Rentals)
Search the lowest-cost Homes available for rent right now in New Orleans.


6219 3rd Ave

8019 Trout Rd

600 Garden Rd

1418 Jourdan Ave

1107 Odeon St

3600 Eagle St

1101 Odeon Ave

525 Emile Ave

1022 N Broad St
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.

525 Emile Ave

3100 Rue Parc Fontaine, Unit 2303

3608 Eagle St

2702 Felicity St, Unit #4

8428 Oleander St

1332 Frenchmen St

213 Rosebud St

7019 Huntington Park Dr, Unit Huntington Park - 1 Bedroom

204 Division Street, Unit 208 Division Street

920 Conti St, Unit 4
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.

204 Division Street, Unit 204 Division Street

505 Andry St

2442 Pauger St

7409 4th St

4218 Hessmer Ave

3216 Deers St

213 Rosebud St, Unit F

3300 Garden Oaks Dr

1543 Murl St

2216 Glasgow Dr
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.

4870 Alsace St

4101 Hessmer Ave

451 Oak Ave

622 Hagan Ave

7019 Huntington Park Dr, Unit Huntington Park - 2 Bedroom

132 S Broad St

209 N Bernadotte St

3016 Jean Lafitte Pkwy

906 N White St

135 6th 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.

8205 Nelson St, Unit A

4520 N Rampart St, Unit 10

1844 Pauline St, Unit 1844 Pauline Street

2325 Florida Ave

1941 Independence St

2425 Oxford Pl, Unit 136

209 Transcontinental Dr

9309 Belfast St, Unit Room C

3343 Esplanade Ave

3135 Eads St
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

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 | $1,666 | $792 | $5,500 |
| New Orleans 3 Bedroom Homes for Rent | $2,004 | $800 | $5,000 |
| New Orleans 4 Bedroom Homes for Rent | $2,832 | $1,600 | $5,500 |
| New Orleans 5 Bedroom Homes for Rent | $4,618 | $3,000 | $5,500 |
| New Orleans 6 Bedroom Homes for Rent | $5,525 | $2,600 | $7,500 |
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: 06/22/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Village De LEst | $950 | $950 | 1 |
| English Turn | $1,075 | $950 | 2 |
| Ponchartrain Park | $1,080 | $660 | 4 |
| Sherwood Forest | $1,324 | $700 | 317 |
| Edgelake | $1,335 | $700 | 311 |
| Lake Forest East | $1,441 | $740 | 45 |
| Little Woods | $1,441 | $660 | 352 |
| Pines | $1,441 | $660 | 53 |
| Pines Village | $1,441 | $660 | 43 |
| Plum Orchard | $1,441 | $660 | 54 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parc Fontaine | Bienville | 1BR,1BA | $710 |
| Peppertree | Studio | Studio,1BA | $735 |
| Azalea Belle | A1 | 1BR,1BA | $740 |
| Lake Villa | Studio | Studio,1BA | $765 |
| Chateau Carmel | A1 | 1BR,1BA | $785 |
| Chateau Napoleon | Classic Studio | Studio,1BA | $785 |
| Riviere Royale | 1 Bedroom | 1BR,1BA | $790 |
| Skyview Terrace | Studio | Studio,1BA | $795 |
| Whitney Manor | 1 Bed 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 700 Florida Blvd, Unit 700 Florida Blvd. | 700 Florida Blvd | 3BR,2.5BA | $1.05 |
| 3314 Touro St, Unit 3314 touro | 3314 Touro St | 2BR,1BA | $0.71 |
| Wilshire Heights | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.09 |
| 1127 S Dupre St, Unit Student Apartment | 1127 S Dupre St | 1BR,1BA | $0.64 |
| 937 E Monterey Ct, Unit B | 937 E Monterey Ct | 3BR,2BA | $0.87 |
| 8703 Dinkins St, Unit 2 Bedroom | 8703 Dinkins St | 2BR,1BA | $1.12 |
| Lakeside V | 2 Bedrooms w/Den, 2 Baths | 2BR,2BA | $1.13 |
| Marrero Commons | 3 Bdrm Garden, 1168 SqFt, Tax Credit, 60% AMI | 3BR,2BA | $1.09 |
| 315 Ash St, Unit 15 | 315 Ash St | 1BR,1BA | $1.03 |
| Parc Fontaine | Bienville | 1BR,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.
Read ArticleReal 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 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 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

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.

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.

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.

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

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.

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.

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.

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.