Cheap Homes for Rent in New Orleans, LA from $500 (196 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
property at 1332 Frenchmen St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1332 Frenchmen St

New OrleansLA70116

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.

property at 705 Central Ave

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Home for Rent

Available Now

705 Central Ave

JeffersonLA70121

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 705 Central Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

705 Central Ave, Unit 103

705 Central Ave
JeffersonLA70121
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
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

Mardi Gras on the Weekends: The Best Neighborhoods to Rent Near New Orleans' Top Employers

'Laissez les bons temps rouler' and get to work! Explore New Orleans' major industries, best places to live, and iconic culture spots in The Big Easy.

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 2300 Jena St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

Studio, 1 Bath Home for Rent

Available Now

2300 Jena St

New OrleansLA70115

From Campus to Cajun Cuisine: Finding Your Perfect Student Apartment in New Orleans

Moving to New Orleans for college? Find your off-campus rental near Tulane, Loyola, Dillard, and more. This guide covers nearby neighborhoods, culture, and starting your student life in the Big Easy.

property at 1715 Gallier St

$1,099

Total Monthly Price

Total Monthly Price

Base Rent
$1,099

Total Monthly Price
$1,099

2 Bedroom, 1 Bath Home for Rent

Available Now

1715 Gallier St, Unit B

1715 Gallier St
New OrleansLA70117
property at 1713 Gallier St

$1,099

Total Monthly Price

Total Monthly Price

Base Rent
$1,099

Total Monthly Price
$1,099

2 Bedroom, 1 Bath Home for Rent

Available Now

1713 Gallier St, Unit B

1713 Gallier St
New OrleansLA70117
property at 9002 Morrison Rd

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 2 Bath Home for Rent

Available Now

9002 Morrison Rd

New OrleansLA70127
property at 5504 Canal Blvd

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

5504 Canal Blvd, Unit B

5504 Canal Blvd
New OrleansLA70124

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

New Orleans, LA Local Guide

Cheapest Neighborhoods for Apartments in New Orleans, LA

Pricing Updated: 08/13/2026

Current apartment rentals in the New Orleans, LA area range in price from $246 to $16,493 with an overall median price of $1,431. The three New Orleans neighborhoods with the lowest median rent pricing are Edgelake at $885, Little Woods at $885, and West Lake Forest at $886. 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
Edgelake$885$725294
Little Woods$885$660336
West Lake Forest$886$66042
Read Boulevard East$898$725305
Read Boulevard West$898$725339
Sherwood Forest$898$725304
Venetian Isles$898$725308
Viavant Venetian Isles$898$660340
Lake Forest East$915$74043
Pines$915$66047

Cheapest Available New Orleans Apartments for Rent

 

The cheapest available apartment rental in New Orleans, LA is a 4 Beds unit found at Harmony Oaks in the West Riverside neighborhood priced from $335. 200 Carondelet in the Vieux Carre neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $427. Here is today’s list of the most affordable New Orleans apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Harmony Oaks4 Bdrm Townhome, 1360 SqFt, Tax Credit, 20% AMI4BR,2BA$335
200 Carondelet1x1-c1i-tc301BR,1BA$427
PeppertreeStudioStudio,1BA$701
Parc FontaineBienville1BR,1BA$710
Patio VillaStudioStudio,1BA$715
Azalea BelleA11BR,1BA$740
Riviere RoyaleA11BR,1BA$780
Chateau CarmelA11BR,1BA$785
Skyview TerraceStudioStudio,1BA$795

Best Value Apartments for Rent in New Orleans, LA

As of August 13, 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 3 Bedrooms, 2 Baths Model at Wilshire Heights starting at $1,659 with a $1.09 price per square foot in the Metairie 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
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
917 W Monterey Ct3 Beds, 2 Baths3BR,2BA$0.87
Lakeside V2 Bedrooms w/Den, 2 Baths2BR,2BA$1.08
Riverside Court IRC II - 2 BD 1 BTH2BR,1BA$1.05
3409 Golden Dr, Unit Apt B3409 Golden Dr2BR,1.5BA$1.05
1161 Lake Ave, Unit 119c1161 Lake AveStudio ,1BA$1.11
176 Rosalie Dr, Unit 148176 Rosalie Dr2BR,1BA$1.05
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:
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Frequently Asked Questions about New Orleans

What type of rentals are currently available in New Orleans?

There are currently 2757 Apartments for Rent in New Orleans, LA with pricing that ranges from $246 to $16,493. There are also 558 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Orleans ranging from $595 to $6,750.

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 $6,750 with an average monthly rent of $1,845.

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 $9,723, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $6,495. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $335.

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

decorative image for Welcome to the Big Easy: A Local Insider's Guide to New Orleans article

Welcome to the Big Easy: A Local Insider's 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.

decorative image for Mardi Gras on the Weekends: The Best Neighborhoods to Rent Near New Orleans Top Employers article

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.

decorative image for From Campus to Cajun Cuisine: Finding Your Perfect Student Apartment in New Orleans article

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.

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.