Cheap Apartments for Rent in the New Orleans CBD Neighborhood of New Orleans, LA from $400 (35 Rentals)

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

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.

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property at 824 Royal St

$1,100 - $3,500

Studio To 2 Bedroom Rentals

Available Now

824 Royal St

New OrleansLA70116
property at 925 Common St

$1,129 - $3,743

1 To 3 Bedroom Rentals

Available Now

925 Common St

New OrleansLA70112

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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
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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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Thirteen15
Studio to 2 Bedroom Apartments

Thirteen15

1315 Gravier StNew Orleans, LA 70112
Student Housing
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The California Building
Studio to 2 Bedroom Apartments

The California Building

1111 Tulane AveNew Orleans, LA 70112
  • Utilities Included
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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
Showing Results 1-35, Page 1 of 1

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. The Pythian Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,068. 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
The Pythian Apartments1 Bedroom1BR,1BA$1,068
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$1,078
925 CommonThe HarmonyStudio,1BA$1,195
Moss-Bauer1x11BR,1BA$1,200
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1,200
The Residences at LSU HealthStudio C ADA *Call for Availability*Studio,1BA$1,275
Hibernia Tower Apartments1 Bedroom1BR,1BA$1,316
1201 Canal Apartments3121BR,1BA$1,400
Thirteen15CStudio,1BA$1,400

Best Value Apartments for Rent in New Orleans CBD, LA

As of January 23, 2026 the best value apartment in the New Orleans CBD area is the $1.78 price per square foot Three Bedroom Luxury Apartment Model at The Annex Luxury Apartments in the in the Vieux Carre neighborhood starting from $3,800. The second greatest value New Orleans CBD apartment is the Penthouse Model at The Strand Apartments starting at $4,025 with a $2.09 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.
The Annex Luxury ApartmentsThree Bedroom Luxury Apartment3BR,3BA$1.78
The Strand ApartmentsPenthouse2BR,2BA$2.09
The Pythian Apartments2 Bedroom 2 Bath2BR,2BA$1.21
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
Hibernia Tower Apartments2 Bedroom2BR,2BA$1.83
The Howard Luxury ApartmentsThe Point1BR,1BA$2.09
Four WindsChronos1BR,1BA$1.96
Moss-Bauer1x11BR,1BA$1.60
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$1.75
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 $1,400.

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

The cheapest apartment in New Orleans CBD is The Pythian Apartments which is listed at $1,068, while the average apartment in New Orleans CBD costs $14,476.

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 53 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 $751 which is $13,725 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.

Articles, How-To's, and Tips

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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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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.