Cheap Apartments for Rent in the New Orleans CBD Neighborhood of New Orleans, LA from $400 (37 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 824 Royal St

$1,100 - $3,500

Studio To 2 Bedroom Rentals

Available Now

824 Royal St

New OrleansLA70116

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.

Read Article

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.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
close
View Me
Moss-Bauer
1 to 2 Bedroom Apartments

Moss-Bauer

703 Carondelet StNew Orleans, LA 70130
close
View Me
Marais Apartments
Studio to 1 Bedroom Apartments

Marais Apartments

1501 Canal StNew Orleans, LA 70112
Senior Living
close
View Me
Saratoga Apartments
1 to 2 Bedroom Apartments

Saratoga Apartments

212 Loyola AveNew Orleans, LA 70112
  • Utilities Included
close
View Me
Merchant Lofts
1 Bedroom Apartments

Merchant Lofts

201 Magazine StNew Orleans, LA 70130
  • Utilities Included
close
View Me
Thirteen15
Studio to 2 Bedroom Apartments

Thirteen15

1315 Gravier StNew Orleans, LA 70112
close
View Me
The California Building
Studio to 2 Bedroom Apartments

The California Building

1111 Tulane AveNew Orleans, LA 70112
Corporate Housing
  • Utilities Included
  • Smoke Free
close
View Me
220 Decatur St
1 to 2 Bedroom Apartments

220 Decatur St

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-37, 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 1 Bed unit found at 200 Carondelet priced from $427. Gravier Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,053. Here are the most affordable New Orleans CBD apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
200 Carondelet1x1-c1g-tc301BR,1BA$427
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$1,053
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$1,315
Hibernia Tower Apartments1 Bedroom1BR,1BA$1,321
Thirteen15BStudio,1BA$1,395
1201 Canal Apartments4281BR,1BA$1,426

Best Value Apartments for Rent in New Orleans CBD, LA

As of March 12, 2026 the best value apartment in the New Orleans CBD area is the $0.65 price per square foot 124 N Galvez St Model at 124 N Galvez St, Unit 124 NORTH GALVEZ STREET in the in the CBD neighborhood starting from $1,600. The second greatest value New Orleans CBD apartment is the Three Bedroom Luxury Apartment Model at The Annex Luxury Apartments starting at $3,800 with a $1.78 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.
124 N Galvez St, Unit 124 NORTH GALVEZ STREET124 N Galvez St3BR,2BA$0.65
The Annex Luxury ApartmentsThree Bedroom Luxury Apartment3BR,3BA$1.78
The Pythian Apartments2 Bedroom 2 Bath2BR,2BA$1.21
Gravier Place Apartments3 Bedroom Apartment3BR,3BA$1.59
DH Holmes Apartments3 Bedrooms3BR,2BA$1.98
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
Hibernia Tower Apartments2 Bedroom2BR,2BA$1.78
Moss-Bauer1x11BR,1BA$1.60
930 Poydras1 bedroom1BR,1BA$2.03
The Strand Apartments1 Bedroom Apartment1BR,1BA$2.00

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 $1,426.

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 $427, while the average apartment in New Orleans CBD costs $9,760.

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 29 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 $597 which is $9,163 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

decorative image for A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.