
Cheap Homes for Rent in Magnolia Neighborhood of New Orleans, LA from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Magnolia area of New Orleans.


2534 Marengo St

1564 Annunciation St

2719 S Liberty St

2717 S Liberty St

2427 Peniston St

2618 Josephine 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.

2427 Peniston St

2100 Philip St

925 Common St

925 Common St

1232 Saint Andrew St

2223 Washington Ave

1205 St Charles 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.
Magnolia, New Orleans, LA Local Guide

How much does it cost to rent a home in Magnolia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnolia 2 Bedroom Homes for Rent | $1,817 | $792 | $3,500 |
| Magnolia 3 Bedroom Homes for Rent | $2,014 | $1,550 | $2,600 |
| Magnolia 4 Bedroom Homes for Rent | $2,909 | $2,128 | $4,400 |
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 1 mile radius of the Magnolia Neighborhood of New Orleans, LA.
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Magnolia, New Orleans, LA Local Guide
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Cheapest Available Magnolia Apartments for Rent
 The cheapest available apartment rental in the Magnolia area of New Orleans, LA is a 1 Bed unit found at 200 Carondelet priced from $427. Marrero Commons Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $932. Here are the most affordable Magnolia apartments for rent in New Orleans, LA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 200 Carondelet | 1x1-c1g-tc30 | 1BR,1BA | $427 |
| Marrero Commons Apartments | 1 Bedroom Tax Credit*** | 1BR,1BA | $932 |
| Harmony Oaks Apartments | 1 Bedroom Tax Credit*** | 1BR,1BA | $933 |
| 1300 OCH at H3C Apartments | A1 | 1BR,1BA | $934 |
| Gravier Place Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,118 |
Best Value Apartments for Rent in Magnolia, LA
As of March 23, 2026 the best value apartment in the Magnolia area is the $1.21 price per square foot 2 Bedroom 2 Bath Model at The Pythian Apartments in the in the Vieux Carre neighborhood starting from $2,062. The second greatest value Magnolia apartment is the 4 Bedroom Townhome Model at Marrero Commons Apartments starting at $2,337 with a $1.73 price per square foot in the Dixon neighborhood. Here is today’s list of the best values for Magnolia apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Pythian Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.21 |
| Marrero Commons Apartments | 4 Bedroom Townhome | 4BR,3BA | $1.73 |
| Moss-Bauer | 1x1 | 1BR,1BA | $1.60 |
| 2024 Delachaise St | 2024 Delachaise St | 2BR,1BA | $1.86 |
| 930 Poydras | 1 bedroom | 1BR,1BA | $2.03 |
| Jackson Avenue Building | 1/1 | 1BR,1BA | $1.79 |
| 4122 S Johnson St, Unit 4122 -A S. Johnson st. | 4122 S Johnson St | 2BR,1BA | $1.43 |
| Harmony Oaks Apartments | One Bedroom Garden | 1BR,1BA | $2.06 |
| Gravier Place Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.81 |
| 200 Carondelet | Studio-csc-mkt | Studio ,1BA | $2.08 |
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
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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.
Pet Friendly LifestyleMagnolia, New Orleans, LA
Ranked #16
Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Magnolia
What type of rentals are currently available in Magnolia?
There are currently 537 Apartments for Rent in Magnolia, LA with pricing that ranges from $427 to $15,000. There are also 88 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $792 to $4,400.
What is the current price range for Rental Homes in Magnolia?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Magnolia ranges from $792 to $4,400 with an average monthly rent of $1,863.
How much are larger Three and Four Bedroom Rentals in Magnolia?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Magnolia range from $1,242 to $5,243, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,128 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.
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.