Cheap Apartments for Rent in the CBD Neighborhood of New Orleans, LA from $400 (45 Rentals)

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

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King Rampart Senior Living
1 to 2 Bedroom Apartments

King Rampart Senior Living

1931 Martin Luther King Jr BlvdNew Orleans, LA 70113
Senior Living
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Saratoga Apartments
1 to 2 Bedroom Apartments

Saratoga Apartments

212 Loyola AveNew Orleans, LA 70112
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Moss-Bauer
1 to 2 Bedroom Apartments

Moss-Bauer

703 Carondelet StNew Orleans, LA 70130
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Merchant Lofts
1 Bedroom Apartments

Merchant Lofts

201 Magazine StNew Orleans, LA 70130
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The California Building
Studio to 1 Bedroom Apartments

The California Building

1111 Tulane AveNew Orleans, LA 70112
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Thirteen15
Studio to 2 Bedroom Apartments

Thirteen15

1315 Gravier StNew Orleans, LA 70112
Student Housing
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220 Decatur St
1 to 2 Bedroom Apartments

220 Decatur St

220 Decatur StNew Orleans, LA 70130
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1041 Constance St
2 Bedroom Apartments

1041 Constance St

1041 Constance StNew Orleans, LA 70130
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  • Smoke Free
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516 Bienville St
1 to 2 Bedroom Apartments

516 Bienville St

516 Bienville StNew Orleans, LA 70130
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St. Joe Lofts
1 to 2 Bedroom Apartments

St. Joe Lofts

923 Constance StNew Orleans, LA 70130
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Showing Results 1-45, Page 1 of 1

CBD, New Orleans, LA Local Guide

Cheapest Available CBD Apartments for Rent

 

The cheapest available apartment rental in the CBD area of New Orleans, LA is a 1 Bed unit found at Gravier Place Apartments priced from $1,185. The Residences at LSU Health has the second lowest priced unit, which is a Studio apartment currently listed from $1,275. Here are the most affordable CBD apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$1,185
The Residences at LSU HealthStudio C ADA *Call for Availability*Studio,1BA$1,275
Moss-Bauer1x11BR,1BA$1,350
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1,350
The Woodward Lofts1 Bedroom Apartments1BR,1BA$1,380
1201 Canal Apartments5041BR,1BA$1,395
DH Holmes Apartments1 Bedroom1BR,1BA$1,399
The Saulet ApartmentsMarigny1BR,1BA$1,420
Hibernia Tower Apartments1 Bedroom1BR,1BA$1,444
City Square 1621 Bedroom1BR,1BA$1,450

Best Value Apartments for Rent in CBD, LA

As of April 10, 2025 the best value apartment in the 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 CBD apartment is the 2 Bedroom Model at Hibernia Tower Apartments starting at $2,469 with a $1.87 price per square foot in the Vieux Carre neighborhood. Here is today’s list of the best values for 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
Hibernia Tower Apartments2 Bedroom2BR,2BA$1.87
2526 Martin Luther King Jr Blvd, Unit 3 bedroom and 2 bath.2526 Martin Luther King Jr Blvd3BR,2BA$2.15
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.28
511 Toulouse St, Unit 201511 Toulouse St1BR,1BA$2.20
930 Poydras1 bedroom1BR,1BA$2.03
The Woodward Lofts1 Bedroom Apartments1BR,1BA$2.01
2424 TULANEA11BR,1BA$2.22
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$1.92
Moss-Bauer1x11BR,1BA$2.21

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Cbd, New Orleans, LA

Ranked #5

Among neighborhoods in New Orleans, LA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States, including New Orleans. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap CBD Apartments

What is the price of a cheap apartment in CBD?

The cheapest apartment in CBD is Gravier Place Apartments which is listed at $1,257, while the average apartment in CBD costs $2,350.

What types of apartments are the cheapest in 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 24 regular apartments in 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 CBD?

Cheap apartments in CBD have an average cost of $1,099 which is $1,251 cheaper than the average rent for all rentals in CBD.

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.

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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.

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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.

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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.