Cheap Apartments for Rent in the New Orleans CBD Neighborhood of New Orleans, LA from $400 (30 Rentals)

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

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 807 Bourbon St

$1,000 - $1,100

1 Bedroom Rentals

Available Now

807 Bourbon St

New OrleansLA70116
property at 708 Orleans St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

Studio, 1 Bath Home for Rent

Available Now

708 Orleans St

New OrleansLA70116
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Marais Apartments
Studio to 1 Bedroom Apartments

Marais Apartments

1501 Canal StNew Orleans, LA 70112
Senior Living
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Moss-Bauer
1 to 2 Bedroom Apartments

Moss-Bauer

703 Carondelet StNew Orleans, LA 70130

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.

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Saratoga Apartments
1 to 2 Bedroom Apartments

Saratoga Apartments

212 Loyola AveNew Orleans, LA 70112
  • Utilities Included
property at 1112 N Rampart St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

Studio, 1 Bath Home for Rent

Available Now

1112 N Rampart St

New OrleansLA70116
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Merchant Lofts
1 Bedroom Apartments

Merchant Lofts

201 Magazine StNew Orleans, LA 70130
  • Utilities Included
property at 1112 Royal St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Now

1112 Royal St

New OrleansLA70116
property at 525 Dumaine St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

1 Bedroom, 1 Bath Home for Rent

Available Now

525 Dumaine St

New OrleansLA70116
property at 1323 Dauphine St

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

1 Bedroom, 1 Bath Condo for Rent

Available Now

1323 Dauphine St, Unit 3

1323 Dauphine St
New OrleansLA70116

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.

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The California Building
Studio to 2 Bedroom Apartments

The California Building

1111 Tulane AveNew Orleans, LA 70112
Corporate Housing
  • Utilities Included
  • Smoke Free
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Thirteen15
Studio to 2 Bedroom Apartments

Thirteen15

1315 Gravier StNew Orleans, LA 70112

Cheapest Available New Orleans CBD Apartments for Rent

 

The cheapest available apartment rental in the New Orleans CBD area of New Orleans, LA is a Studio unit found at 200 Carondelet priced from $875. Bienville Basin Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable New Orleans CBD apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
200 CarondeletStudio-csc-mktStudio,1BA$875
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1,200
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$1,253
The ResidencesStudioStudio,1BA$1,315
Hibernia Tower Apartments1 Bedroom1BR,1BA$1,320
925 CommonSYMPHONYStudio,1BA$1,325
1201 Canal Apartments5151BR,1BA$1,427
DH Holmes Apartments1 Bedroom1BR,1BA$1,429
The Strand Apartments1 Bedroom Apartment1BR,1BA$1,434
930 Poydras1 bedroom1BR,1BA$1,495

Best Value Apartments for Rent in New Orleans CBD, LA

As of June 11, 2026 the best value apartment in the New Orleans CBD area is the $1.50 price per square foot 2x2 Model at Moss-Bauer in the in the Vieux Carre neighborhood starting from $1,825. The second greatest value New Orleans CBD apartment is the 2 Bedroom Apartment Model at The Strand Apartments starting at $2,050 with a $1.72 price per square foot in the Vieux Carre neighborhood. Here is today’s list of the best values for New Orleans CBD apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Moss-Bauer2x22BR,2BA$1.50
The Strand Apartments2 Bedroom Apartment2BR,2BA$1.72
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
The Pythian Apartments2 Bedroom 1 Bath2BR,1BA$1.90
The HowardThe Point1BR,1BA$2.30
339 Carondelet Apartments1 Beds, 1 Baths1BR,1BA$1.80
930 Poydras1 bedroom1BR,1BA$2.03
1201 Canal Apartments5151BR,1BA$2.13
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$2.03
200 CarondeletStudio-csc-mktStudio ,1BA$2.08

Frequently Asked Questions about Cheap New Orleans CBD Apartments

What is a cheap apartment in New Orleans CBD?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New Orleans CBD is under $1,495.

What is the price of a cheap apartment in New Orleans CBD?

The cheapest apartment in New Orleans CBD is 200 Carondelet which is listed at $933, while the average apartment in New Orleans CBD costs $11,282.

What types of apartments are the cheapest in New Orleans CBD?

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 37 regular apartments in New Orleans CBD 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 New Orleans CBD?

Cheap apartments in New Orleans CBD have an average cost of $379 which is $10,903 cheaper than the average rent for all rentals in New Orleans CBD.

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

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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.

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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.

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

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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.

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Welcome to the Big Easy: A Local Insiders Guide to New Orleans

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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

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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.

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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.

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.