
Cheap Apartments for Rent in the New Orleans CBD Neighborhood of New Orleans, LA from $400 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Orleans CBD area of New Orleans.


421 Burgundy St, Unit 4

840 Ursulines Ave, Unit 2

Bienville Basin Apartments

1027 Chartres St

Gravier Place Apartments

Hibernia Tower Apartments
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.

925 Common

The Julia at Saint Charles

1201 Canal Apartments

DH Holmes Apartments

The Strand Apartments

514 Madison St

930 Poydras
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.

Four Winds

Rosa F. Keller Building

807 Bourbon St

708 Orleans St

1527 Reverend John Raphael Jr Way

Marais Apartments

Moss-Bauer
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.

931 Royal St

Saratoga Apartments

1112 N Rampart St

Merchant Lofts

1112 Royal St

525 Dumaine St

1323 Dauphine St, Unit 3
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.

The California Building

Thirteen15
New Orleans CBD, New Orleans, LA Local Guide

How much does it cost to rent an apartment in New Orleans CBD?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Orleans CBD Studio Apartments | $1,105 | $246 | $1,960 |
| New Orleans CBD 1 Bedroom Apartments | $1,705 | $259 | $8,476 |
| New Orleans CBD 2 Bedroom Apartments | $3,025 | $1,255 | $10,000+ |
| New Orleans CBD 3 Bedroom Apartments | $4,829 | $1,140 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the New Orleans CBD Neighborhood of New Orleans, LA.
See all Apartments in New OrleansExplore New Orleans
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 200 Carondelet | Studio-csc-mkt | Studio,1BA | $875 |
| Bienville Basin Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,200 |
| Gravier Place Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,253 |
| The Residences | Studio | Studio,1BA | $1,315 |
| Hibernia Tower Apartments | 1 Bedroom | 1BR,1BA | $1,320 |
| 925 Common | SYMPHONY | Studio,1BA | $1,325 |
| 1201 Canal Apartments | 515 | 1BR,1BA | $1,427 |
| DH Holmes Apartments | 1 Bedroom | 1BR,1BA | $1,429 |
| The Strand Apartments | 1 Bedroom Apartment | 1BR,1BA | $1,434 |
| 930 Poydras | 1 bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Moss-Bauer | 2x2 | 2BR,2BA | $1.50 |
| The Strand Apartments | 2 Bedroom Apartment | 2BR,2BA | $1.72 |
| Bienville Basin Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.14 |
| The Pythian Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.90 |
| The Howard | The Point | 1BR,1BA | $2.30 |
| 339 Carondelet Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.80 |
| 930 Poydras | 1 bedroom | 1BR,1BA | $2.03 |
| 1201 Canal Apartments | 515 | 1BR,1BA | $2.13 |
| Gravier Place Apartments | 1 Bedroom Apartment | 1BR,1BA | $2.03 |
| 200 Carondelet | Studio-csc-mkt | Studio ,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

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.

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.

Mardi Gras on the Weekends: The Best Neighborhoods to Rent Near New Orleans Top Employers
Written by: Melissa Maxwell
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.

Welcome to the Big Easy: A Local Insiders Guide to New Orleans
Written by: Melissa Maxwell
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

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.

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.

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.

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.