Cheap Apartments for Rent in the Magnolia Neighborhood of New Orleans, LA from $309 (63 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Magnolia area of New Orleans.

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3820 3rd St, Unit 1B
$1,000

Total Monthly Price

Base Rent$1,000

Total Monthly Price$1,000
2 Bedroom Apartment Available Now

3820 3rd St, Unit 1B

3820 3rd StNew Orleans, LA 70125
Affordability

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property at 3314 Carondelet St
$1,100 - $1,400
1 Bedroom Rentals
Available Now
Affordability

3314 Carondelet St

New OrleansLA70115

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property at 1127 Saint Andrew St
$1,300

Total Monthly Price

Base Rent$1,300

Total Monthly Price$1,300
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1127 Saint Andrew St

New OrleansLA70130
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property at 2723 2nd St
$1,400

Total Monthly Price

Base Rent$1,400

Total Monthly Price$1,400
2 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

2723 2nd St

New OrleansLA70113
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200 Carondelet
Studio to 1 Bedroom Apartments

200 Carondelet

200 Carondelet StNew Orleans, LA 70130
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Flint Goodridge
Studio to 2 Bedroom Apartments

Flint Goodridge

2425 Louisiana AveNew Orleans, LA 70115
Senior Living
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3615 St Charles Ave
1 Bedroom Apartments

3615 St Charles Ave

3615 St Charles AveNew Orleans, LA 70115
  • Utilities Included

New Orleans's Best Affordable Neighborhoods

Learn about New Orleans and the best places to live with original content written by our Minneapolis, MN Local Expert Melissa Maxwell

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Forest Park
1 Bedroom Apartments

Forest Park

2309-2311 6th StNew Orleans, LA 70113
  • Utilities Included
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River Garden Elderly
1 Bedroom Apartments

River Garden Elderly

2017 Laurel St ParkNew Orleans, LA 70130
Senior Living
  • Utilities Included
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2013 S Liberty Rd
1 to 2 Bedroom Apartments

2013 S Liberty Rd

2013 S Liberty RdNew Orleans, LA 70113
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1711 Second St
Studio to 1 Bedroom Apartments

1711 Second St

1711 Second StNew Orleans, LA 70113

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Magnolia, New Orleans, LA Local Guide

Cheapest Available Magnolia Apartments for Rent

 

The cheapest available apartment rental in the Magnolia area of New Orleans, LA is a 4 Beds unit found at Harmony Oaks priced from $309. 200 Carondelet has the second lowest priced unit, which is a 1 Bed apartment currently listed from $427. Here are the most affordable Magnolia apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
Harmony Oaks4 Bdrm Townhome, 1360 SqFt, Tax Credit, 20% AMI4BR,2BA$309
200 Carondelet1x1-c1i-tc301BR,1BA$427
Marrero Commons2 Bdrm Townhome, 984 SqFt, Tax Credit, 60% AMI2BR,1BA$1,063
The GeorgianStudioStudio,1BA$1,104
Moss-Bauer1x11BR,1BA$1,350
The Strand Apartments1 Bedroom Apartment1BR,1BA$1,394

Best Value Apartments for Rent in Magnolia, LA

As of September 11, 2026 the best value apartment in the Magnolia area is the $1.27 price per square foot 3 Bedroom Apartment Model at Gravier Place Apartments in the in the Vieux Carre neighborhood starting from $1,910. The second greatest value Magnolia apartment is the 2526 Martin Luther King Jr Blvd Model at 2526 Martin Luther King Jr Blvd, Unit 3 bedroom and 2 bath. starting at $2,000 with a $1.54 price per square foot in the St Thomas neighborhood. Here is today’s list of the best values for Magnolia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gravier Place Apartments3 Bedroom Apartment3BR,3BA$1.27
2526 Martin Luther King Jr Blvd, Unit 3 bedroom and 2 bath.2526 Martin Luther King Jr Blvd3BR,2BA$1.54
4200 S Derbigny St, Unit 42004200 S Derbigny St3BR,2BA$1.31
Marrero Commons3 Bdrm Townhome, 1126 SqFt, Market,3BR,1.5BA$1.39
The Pythian Apartments2 Bedroom 1 Bath2BR,1BA$1.90
Hibernia Tower Apartments1 Bedroom1BR,1BA$1.68
Moss-Bauer1x11BR,1BA$1.80
3820 3rd St, Unit 1B3820 3rd St2BR,1BA$1.43
4122 S Johnson St, Unit 4120 S. Johnson st.apt1014122 S Johnson St2BR,1BA$1.32
2719 S Liberty St, Unit 2719 S Liberty St2719 S Liberty St1BR,1BA$1.53

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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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.

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Pet Friendly Lifestyle
Magnolia, New Orleans, LA

Ranked #17

Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Magnolia, New Orleans, and the greater New Orleans area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Magnolia Apartments

What is a cheap apartment in Magnolia?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Magnolia is under $1,394.

What is the price of a cheap apartment in Magnolia?

The cheapest apartment in Magnolia is 200 Carondelet which is listed at $427, while the average apartment in Magnolia costs $1,720.

What types of apartments are the cheapest in Magnolia?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 22 regular apartments in Magnolia that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Magnolia?

Cheap apartments in Magnolia have an average cost of $569 which is $1,151 cheaper than the average rent for all rentals in Magnolia.

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.

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