Cheap Homes for Rent in New Orleans CBD Neighborhood of New Orleans, LA from $1,200 (14 Rentals)

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

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property at 1201 Canal St

$1,675 - $2,850

1 To 2 Bedroom Rentals

Available Now

1201 Canal St

New OrleansLA70112

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.

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-csh-tc60Studio,1BA$875
The Pythian Apartments1 Bedroom1BR,1BA$1,068
925 CommonThe HarmonyStudio,1BA$1,195
Moss-Bauer1x11BR,1BA$1,200
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1,200

Best Value Apartments for Rent in New Orleans CBD, LA

As of January 03, 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 $4,238 with a $2.20 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$2.20
The Pythian Apartments2 Bedroom 2 Bath2BR,2BA$1.21
930 PoydrasTownhouse2BR,2.5BA$2.19
Hibernia Tower Apartments2 Bedroom2BR,2BA$1.45
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
Four Winds1 Bed, 1 Bath - View of Common St.1BR,1BA$2.32
Moss-Bauer1x11BR,1BA$1.77
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$2.19
200 CarondeletStudio-csc-mktStudio ,1BA$2.08

Frequently Asked Questions about New Orleans CBD

What type of rentals are currently available in New Orleans CBD?

There are currently 245 Apartments for Rent in New Orleans CBD, LA with pricing that ranges from $246 to $15,000. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Orleans CBD ranging from $1,200 to $6,000.

What is the current price range for Rental Homes in New Orleans CBD?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Orleans CBD ranges from $1,200 to $6,000 with an average monthly rent of $3,352.

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.

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.