Cheap Apartments for Rent in the New Orleans CBD Neighborhood of New Orleans, LA from $400 (31 Rentals)

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

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.

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.

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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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Saratoga Apartments
1 to 2 Bedroom Apartments

Saratoga Apartments

212 Loyola AveNew Orleans, LA 70112
  • Utilities Included
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Moss-Bauer
1 to 2 Bedroom Apartments

Moss-Bauer

703 Carondelet StNew Orleans, LA 70130
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Merchant Lofts
1 Bedroom Apartments

Merchant Lofts

201 Magazine StNew Orleans, LA 70130
  • Utilities Included

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 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
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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
property at 523 Dumaine St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

1 Bedroom, 1 Bath Home for Rent

Available Now

523 Dumaine St

New OrleansLA70116
property at 622 Dauphine St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

2 Bedroom, 1 Bath Home for Rent

Available Now

622 Dauphine St

New OrleansLA70112
property at 523 Dumaine St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 2 Bath Home for Rent

Available Now

523 Dumaine St

New OrleansLA70116

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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220 Decatur St
1 to 2 Bedroom Apartments

220 Decatur St

220 Decatur StNew Orleans, LA 70130
Furnished
  • Utilities Included
  • Smoke Free

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. Gravier Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,043. Here are the most affordable New Orleans CBD apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
200 CarondeletStudio-csd-tc60Studio,1BA$875
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$1,043
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1,200
Hibernia Tower Apartments1 Bedroom1BR,1BA$1,289
925 CommonSYMPHONYStudio,1BA$1,325
Moss-Bauer1x11BR,1BA$1,350
1201 Canal Apartments5151BR,1BA$1,427
DH Holmes Apartments1 Bedroom1BR,1BA$1,446
Four WindsAphrodite1BR,1BA$1,458
The Strand Apartments1 Bedroom Apartment1BR,1BA$1,469

Best Value Apartments for Rent in New Orleans CBD, LA

As of July 30, 2026 the best value apartment in the New Orleans CBD area is the $2.19 price per square foot Townhouse Model at 930 Poydras in the in the Vieux Carre neighborhood starting from $2,995. The second greatest value New Orleans CBD apartment is the 1 Bedroom Apartment Model at Bienville Basin Apartments starting at $1,200 with a $1.14 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.
930 PoydrasTownhouse2BR,2.5BA$2.19
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
The Pythian Apartments2 Bedroom 1 Bath2BR,1BA$1.90
Hibernia Tower Apartments1 Bedroom1BR,1BA$1.59
Moss-Bauer1x11BR,1BA$1.80
DH Holmes Apartments1 Bedroom1BR,1BA$2.06
1201 Canal Apartments5151BR,1BA$2.13
City Square 1621 Bdrm Garden, 638 SqFt, Market,1BR,1BA$2.36
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$1.69
200 CarondeletStudio-csc-mktStudio ,1BA$2.26

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 $1,469.

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 $15,878.

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 5 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 $273 which is $15,605 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.

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