Cheap Homes for Rent in New Orleans, LA from $400 (60 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 4018 Banks St

4018 Banks St

New OrleansLA70119

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 1823 Clouet St

1823 Clouet St

New OrleansLA70117
property at 2502 Monroe St

2502 Monroe St

New OrleansLA70118
property at 1431 St Andrew St

1431 St Andrew St

New OrleansLA70130
property at 8710 Oak St

8710 Oak St

New OrleansLA70118
property at 8812 Oleander St

8812 Oleander St

New OrleansLA70118
Showing Results 1-50, Page 1 of 2

New Orleans, LA Local Guide

Cheapest Neighborhoods for Apartments in New Orleans, LA

Pricing Updated: 04/16/2025

Current apartment rentals in the New Orleans, LA area range in price from $400 to $14,210 with an overall median price of $2,544. The three New Orleans neighborhoods with the lowest median rent pricing are Holly Grove at $1,000, Pines at $1,300, and Read Boulevard East at $685. 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$1,300$1,0003
Pines$1,300$1,3001
Read Boulevard East$1,317$685109
Edgelake$1,336$700100
Ponchartrain Park$1,362$9258
Gentilly Woods$1,381$92510
Milneburg$1,400$9254
Lake Forest East$1,441$685116
Little Woods$1,441$685112
Pines Village$1,441$685114

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. Marquis in the Mid-City neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $690. Here is today’s list of the most affordable New Orleans apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Laguna Creek1 Bedroom1BR,1BA$685
MarquisB22BR,2BA$690
Chateau d'Orleans1BR/1BA1BR,1BA$735
Laguna Reserve1 Bedroom1BR,1BA$754
St. Germaine1x11BR,1BA$780
Chateau NapoleonClassic StudioStudio,1BA$785
PeppertreeStudioStudio,1BA$795
Orwood Creek2 Bedroom Garden2BR,2BA$805
AlmondtreeStudioStudio,1BA$805

Best Value Apartments for Rent in New Orleans, LA

As of April 16, 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
244 14th St, Unit 244 14th downstairs244 14th St2BR,1BA$1.02
1813 Miro N St, Unit 18131813 Miro N St2BR,1BA$0.93
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

Frequently Asked Questions about New Orleans

What type of rentals are currently available in New Orleans?

There are currently 2703 Apartments for Rent in New Orleans, LA with pricing that ranges from $400 to $14,210. There are also 302 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Orleans ranging from $495 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 $495 to $7,900 with an average monthly rent of $2,822.

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 $6,354, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $7,900. Four Bedroom Single-Family rentals are also available starting from $1,800 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.

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 Know Your Rights - How Discrimination Laws Impact Landlords & Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.