
Cheap Homes for Rent in New Orleans, LA from $500 (152 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

1566 Annunciation St

1101 Odeon Ave

3608 Eagle St
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.

718 Lamanche St

2785 Colony Ct

8428 Oleander St

7019 Huntington Park Dr

7019 Crowder Blvd

7019 Crowder Blvd

1526 Spain St, Unit B

505 Andry St

7409 4th St

1113 Odeon Ave
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.

2035 Arts St

539 Ave A

2320 Annette St

2216 Glasgow Dr

516 S Genois St

213 Rosebud St

1566 Annunciation St

4101 Hessmer Ave

2420 Martin Luther King Jr Blvd

3300 Garden Oaks 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.

4218 Hessmer Ave

8625 Nelson St

213 Rosebud St

508 Julius Ave

7019 Crowder Blvd

7019 Crowder Blvd

671 Central Ave

718 Central Ave

7019 Huntington Park Dr

2824 Pauger 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.

616 Garden Road

4524 N Rampart St

3219 Fern St

1112 Kent Ave

602 5th Ave

321 Robinson Ave

3135 Eads St

2330 Edenborn Ave, Unit 120

9309 Belfast St

929 Dumaine St
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 | $1,622 | $950 | $4,300 |
| New Orleans 3 Bedroom Homes for Rent | $2,065 | $1,200 | $4,800 |
| New Orleans 4 Bedroom Homes for Rent | $2,942 | $1,600 | $8,000 |
| New Orleans 5 Bedroom Homes for Rent | $4,695 | $2,300 | $6,500 |
| New Orleans 6 Bedroom Homes for Rent | $8,466 | $7,500 | $9,000 |
Browse Top Homes for Rent in New Orleans
Explore New Orleans
New Orleans, LA Local Guide
- New Orleans Neighborhoods
- Nearby Cities
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- Local Counties
Cheapest Neighborhoods for Apartments in New Orleans, LA
Pricing Updated: 04/04/2026Current apartment rentals in the New Orleans, LA area range in price from $246 to $15,000 with an overall median price of $5,180. The three New Orleans neighborhoods with the lowest median rent pricing are Ponchartrain Park at $660, Village De LEst at $800, 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 |
|---|---|---|---|
| Ponchartrain Park | $1,275 | $660 | 7 |
| Village De LEst | $1,275 | $800 | 1 |
| Sherwood Forest | $1,298 | $700 | 192 |
| Edgelake | $1,335 | $700 | 194 |
| Lake Forest East | $1,441 | $740 | 17 |
| Little Woods | $1,441 | $660 | 209 |
| Pines | $1,441 | $660 | 28 |
| Pines Village | $1,441 | $660 | 22 |
| Plum Orchard | $1,441 | $660 | 22 |
| Read Boulevard East | $1,441 | $700 | 193 |
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 |
| Laguna Creek | 1 Bedroom | 1BR,1BA | $740 |
| Lake Villa | Studio | Studio,1BA | $765 |
| Carmel Brook | Basin | 1BR,1BA | $785 |
| Chateau Napoleon | Classic Studio | Studio,1BA | $785 |
| Arts Senior Apartments | 1a1t | 1BR,1BA | $788 |
| Skyview Terrace | Studio | Studio,1BA | $795 |
Best Value Apartments for Rent in New Orleans, LA
As of April 04, 2026 the best value apartment in the New Orleans area is the $0.71 price per square foot 3314 Touro St Model at 3314 Touro St, Unit 3314 touro in the in the City Park neighborhood starting from $1,200. 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 Navarre 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. |
|---|---|---|---|
| 3314 Touro St, Unit 3314 touro | 3314 Touro St | 2BR,1BA | $0.71 |
| Wilshire Heights | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.09 |
| Daytona | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.13 |
| Bienville Basin Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.14 |
| Gates of Oakwood | 2x1.5 | 2BR,1.5BA | $1.04 |
| 8020 Haney Dr, Unit Demetria | 8020 Haney Dr | 2BR,1BA | $1.10 |
| Courtland Park | 2 Bedroom | 2BR,1BA | $1.12 |
| 176 Rosalie Dr, Unit 148 | 176 Rosalie Dr | 2BR,1BA | $1.05 |
| Whitney Manor | 1 Bed 1 Bath | 1BR,1BA | $1.14 |
| 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 2695 Apartments for Rent in New Orleans, LA with pricing that ranges from $246 to $15,000. There are also 502 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 $3,196.
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 $8,751, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $4,800. 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.