Cheap Apartments for Rent in the Downtown New Orleans Neighborhood of New Orleans, LA from $300 (100 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 the Downtown New Orleans 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

Read Article
Showing Results 1-50, Page 1 of 2

Downtown New Orleans, New Orleans, LA Local Guide

Cheapest Available Downtown New Orleans Apartments for Rent

 

The cheapest available apartment rental in the Downtown New Orleans area of New Orleans, LA is a Studio unit found at Whispering Palms priced from $850. Lake Villa has the second lowest priced unit, which is a Studio apartment currently listed from $887. Here are the most affordable Downtown New Orleans apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
Whispering PalmsStudioStudio,1BA$850
Lake VillaStudioStudio,1BA$887
Forest Park Apartments1 bedroom1BR,1BA$898
6564 Fleur De Lis DrOne Bedroom1BR,1BA$1,000
Harmony Oaks Apartments2 Bedroom Tax Credit***2BR,1BA$1,055
Esplanade at City ParkNAPOLEONStudio,1BA$1,055

Best Value Apartments for Rent in Downtown New Orleans, LA

As of March 31, 2025 the best value apartment in the Downtown 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 Downtown New Orleans apartment is the 7711 Spruce Street Model at 7711 Spruce Street, Unit 7711 Spruce St starting at $1,995 with a $1.14 price per square foot in the West Carrollton neighborhood. Here is today’s list of the best values for Downtown 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
7711 Spruce Street, Unit 7711 Spruce St7711 Spruce Street4BR,3BA$1.14
244 14th St, Unit 244 14th downstairs244 14th St2BR,1BA$1.02
2237 S Salcedo St, Unit 22372237 S Salcedo St3BR,2BA$1.27
Wilshire HeightsLuxury 3 Bedrooms, 2 Baths3BR,2BA$1.22
6823 Louis Xiv St, Unit 6823 Louis XIV St.6823 Louis Xiv St3BR,2BA$1.16
Chateau Lake TerraceC23BR,2BA$1.17
2323 Leonidas St, Unit Beautiful Shared Living2323 Leonidas St1BR,1BA$0.92
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.28
2003 Franklin Avenue, Unit B2003 Franklin Avenue2BR,1BA$1.21

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

Pet Friendly Lifestyle
Downtown New Orleans, New Orleans, LA

Ranked #8

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Louisiana including Downtown New Orleans, New Orleans, and the greater New Orleans area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown New Orleans Apartments

What is a cheap apartment in Downtown New Orleans?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown New Orleans is under $1,055.

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

The cheapest apartment in Downtown New Orleans is Forest Park Apartments which is listed at $898, while the average apartment in Downtown New Orleans costs $2,150.

What types of apartments are the cheapest in Downtown 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 213 regular apartments in Downtown 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 Downtown New Orleans?

Cheap apartments in Downtown New Orleans have an average cost of $636 which is $1,514 cheaper than the average rent for all rentals in Downtown 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.