Cheap Apartments for Rent in New Orleans, LA from $300 (236 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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 New Orleans.

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

Read Article
property at 7114 Freret St

7114 Freret St

New OrleansLA70118
Showing Results 1-50, Page 1 of 5

New Orleans, LA Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in New Orleans, LA

Pricing Updated: 04/12/2025

Current apartment rentals in the New Orleans, LA area range in price from $386 to $14,398 with an overall median price of $2,495. The three New Orleans neighborhoods with the lowest median rent pricing are Holly Grove at $1,000, Village De LEst at $735, and Pines at $1,300. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for New Orleans Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Holly Grove$1,247$1,0004
Village De LEst$1,250$7354
Pines$1,300$1,3001
Read Boulevard East$1,317$685110
Edgelake$1,335$700100
Ponchartrain Park$1,356$9258
Milneburg$1,400$9254
Lake Forest East$1,441$685121
Little Woods$1,441$685113
Pines Village$1,441$685119

Cheapest Available New Orleans Apartments for Rent

 

The cheapest available apartment rental in New Orleans, LA is a 1 Bed unit found at Laguna Creek in the Lake Forest East neighborhood priced from $685. Chateau d'Orleans in the Venetian Isles neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here is today’s list of the most affordable New Orleans apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Laguna Creek1 Bedroom1BR,1BA$685
Chateau d'Orleans1BR/1BA1BR,1BA$735
Laguna Reserve1 Bedroom1BR,1BA$754
Chateau NapoleonClassic StudioStudio,1BA$785
Orwood Creek2 Bedroom Garden2BR,2BA$805
AlmondtreeStudioStudio,1BA$805
St. Germaine1x11BR,1BA$814
Carmel BrookBasin1BR,1BA$814
Bern-Mas (Patriot Point of New Orleans)1 Bed 1 Bath1BR,1BA$835
Polo Run Apartments1 Bedroom1BR,1BA$840

Best Value Apartments for Rent in New Orleans, LA

As of April 13, 2025 the best value apartment in the New Orleans area is the $1.03 price per square foot 700 Florida Blvd Model at 700 Florida Blvd, Unit 700 Florida Blvdd. in the in the City Park neighborhood starting from $1,900. The second greatest value New Orleans apartment is the 4005 Franklin Ave Model at 4005 Franklin Ave, Unit 4005 Franklin Ave starting at $1,500 with a $0.86 price per square foot in the Lake Terrace neighborhood. Here is today’s list of the best values for New Orleans apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
700 Florida Blvd, Unit 700 Florida Blvdd.700 Florida Blvd3BR,2.5BA$1.03
4005 Franklin Ave, Unit 4005 Franklin Ave4005 Franklin Ave2BR,2BA$0.86
7711 Spruce Street, Unit 7711 Spruce St7711 Spruce Street4BR,3BA$1.14
244 14th St, Unit 244 14th downstairs244 14th St2BR,1BA$1.02
Chateau Lake TerraceC23BR,2BA$1.13
2323 Leonidas St, Unit Beautiful Shared Living2323 Leonidas StStudio ,1BA$0.77
Courtland Park2 Bedroom2BR,1BA$1.12
Orwood Creek2 Bedroom Garden2BR,2BA$0.94
Laguna Reserve1 Bedroom1BR,1BA$1.01
Laguna Creek1 Bedroom1BR,1BA$1.11

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

New Orleans Overview

The largest metro area in all of Louisiana and a truly unique city known the world over for its cuisine, culture and oh-so-famous Mardi Gras, New Orleans is a destination that simply must be experienced to be believed. Combining French and Creole-inspired architecture, open-faced balcony terraces and omnipresent jazz music filling the air, New Orleans' particular brand of magic has been charming residents for centuries making living in apartments in New Orleans the bees knees.

Why live in New Orleans, LA?

Louisiana boasts a truly unique charm, and there is no denying that New Orleans is its central hub. From the amazing cuisine to the rarely-shy populace, New Orleans has a distinct character that simply cannot be replicated. Flush with romantic ambiance, eye-popping architecture, historic pubs, world-class eateries and more crawfish than you can shake a stick at, New Orleans is a unique treasure known coast-to-coast. With a plethora of available New Orleans apartments ready and waiting for you, this city is a prime locale.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore New Orleans, LA Rentals by Map

Decorative image of map

See the most popular apartments and homes in New Orleans, LA

View MapNew Orleans, LA Apartments MapView MapNew Orleans, LA Rental Homes Map

Getting Around New Orleans, LA

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

74 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

49 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap New Orleans Apartments

What is a cheap apartment in New Orleans?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New Orleans is under $840.

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

The cheapest apartment in New Orleans is Laguna Creek which is listed at $685, while the average apartment in New Orleans costs $2,495.

What types of apartments are the cheapest in New Orleans?

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 5,501 regular apartments in New Orleans 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?

Cheap apartments in New Orleans have an average cost of $716 which is $1,779 cheaper than the average rent for all rentals in New Orleans.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.