Cheap Homes for Rent in New Orleans, LA from $500 (66 Rentals)

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 1823 Clouet St

1823 Clouet St

New OrleansLA70117
property at 8812 Oleander St

8812 Oleander St

New OrleansLA70118

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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property at 8326 Cohn St

8326 Cohn St

New OrleansLA70118
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New Orleans, LA Local Guide

Cheapest Neighborhoods for Apartments in New Orleans, LA

Pricing Updated: 05/06/2025

Current apartment rentals in the New Orleans, LA area range in price from $400 to $12,182 with an overall median price of $2,684. The three New Orleans neighborhoods with the lowest median rent pricing are Holly Grove at $950, Pines at $1,200, and Village De LEst at $735. 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$1,125$9502
Pines$1,250$1,2002
Village De LEst$1,250$7354
Gentilly Woods$1,300$92513
Read Boulevard East$1,300$685108
Milneburg$1,312$9253
Ponchartrain Park$1,313$9258
Edgelake$1,335$70099
Lake Forest East$1,441$685114
Little Woods$1,441$685111

Cheapest Available New Orleans Apartments for Rent

 

The cheapest available apartment rental in New Orleans, LA is a 2 Beds unit found at North Shore Apartments in the Outlying St Tammany Parish neighborhood priced from $533. Laguna Creek in the Lake Forest East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $685. Here is today’s list of the most affordable New Orleans apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Shore ApartmentsNSA 2BR2B POVNorth Shore Apartments2BR,2BA$533
Laguna Creek1 Bedroom1BR,1BA$685
MarquisB22BR,2BA$690
Chateau d'Orleans1BR/1BA1BR,1BA$735
Laguna Reserve1 Bedroom1BR,1BA$754
Westchase ApartmentsStudio AStudio,1BA$764
Patio VillaStudioStudio,1BA$765
PeppertreeStudioStudio,1BA$795
Orwood Creek2 Bedroom Garden2BR,2BA$805

Best Value Apartments for Rent in New Orleans, LA

As of May 06, 2025 the best value apartment in the New Orleans area is the $1.11 price per square foot 1131 Touro St Model at 1131 Touro St, Unit 1131 Touro St in the in the Vieux Carre neighborhood starting from $2,000. 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.
1131 Touro St, Unit 1131 Touro St1131 Touro St2BR,2BA$1.11
4005 Franklin Ave, Unit 4005 Franklin Ave4005 Franklin Ave2BR,2BA$0.86
244 14th St, Unit 244 14th downstairs244 14th St2BR,1BA$1.02
2323 Leonidas St, Unit Beautiful Shared Living2323 Leonidas StStudio ,1BA$0.77
1029 Dimarco Dr, Unit B1029 Dimarco Dr2BR,1.5BA$1.14
Courtland Park2 Bedroom2BR,1BA$1.12
North Shore Apartments2BR2B- 60%North Shore Apartments2BR,2BA$1.17
Orwood Creek2 Bedroom Garden2BR,2BA$0.94
Laguna Reserve1 Bedroom1BR,1BA$1.01
Laguna Creek1 Bedroom1BR,1BA$1.11

Quick Rent Budget Calculator

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Frequently Asked Questions about New Orleans

What type of rentals are currently available in New Orleans?

There are currently 2729 Apartments for Rent in New Orleans, LA with pricing that ranges from $400 to $12,182. There are also 290 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Orleans ranging from $595 to $7,900.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Orleans ranges from $595 to $7,900 with an average monthly rent of $2,942.

How much are larger Three and Four Bedroom Rentals in New Orleans?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New Orleans range from $792 to $6,296, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $7,900. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $894.

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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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.