Cheap Apartments for Rent in the New Orleans CBD Neighborhood of New Orleans, LA from $400 (39 Rentals)

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

property at 824 Royal St

$1,100 - $3,500

Studio To 2 Bedroom Rentals

Available Now

824 Royal St

New OrleansLA70116

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Marais Apartments
Studio to 1 Bedroom Apartments

Marais Apartments

1501 Canal StNew Orleans, LA 70112
Senior Living
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Moss-Bauer
1 to 2 Bedroom Apartments

Moss-Bauer

703 Carondelet StNew Orleans, LA 70130
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Saratoga Apartments
1 to 2 Bedroom Apartments

Saratoga Apartments

212 Loyola AveNew Orleans, LA 70112
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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The California Building
Studio to 2 Bedroom Apartments

The California Building

1111 Tulane AveNew Orleans, LA 70112
  • Utilities Included
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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
Furnished
  • Utilities Included
  • Smoke Free
Showing Results 1-39, Page 1 of 1

New Orleans CBD, New Orleans, LA Local Guide

Cheapest Available New Orleans CBD Apartments for Rent

 

The cheapest available apartment rental in the New Orleans CBD area of New Orleans, LA is a Studio unit found at 200 Carondelet priced from $246. The Pythian Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,068. Here are the most affordable New Orleans CBD apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
200 CarondeletStudio-cse-tc20Studio,1BA$246
The Pythian Apartments1 Bedroom1BR,1BA$1,068
925 CommonThe HarmonyStudio,1BA$1,195
Moss-Bauer1x11BR,1BA$1,200
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1,200
The Residences at LSU HealthStudio C ADA *Call for Availability*Studio,1BA$1,275
1201 Canal Apartments3241BR,1BA$1,295
Hibernia Tower Apartments1 Bedroom1BR,1BA$1,311
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$1,343
The Howard Luxury ApartmentsThe Saint1BR,1BA$1,395

Best Value Apartments for Rent in New Orleans CBD, LA

As of January 01, 2026 the best value apartment in the New Orleans 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 New Orleans CBD apartment is the Penthouse Model at The Strand Apartments starting at $4,238 with a $2.20 price per square foot in the Vieux Carre neighborhood. Here is today’s list of the best values for New Orleans 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
The Strand ApartmentsPenthouse2BR,2BA$2.20
The Pythian Apartments2 Bedroom 2 Bath2BR,2BA$1.21
Hibernia Tower Apartments2 Bedroom2BR,2BA$1.45
Bienville Basin Apartments1 Bedroom Apartment1BR,1BA$1.14
Four WindsDemeter2BR,1BA$2.22
930 Poydras1 bedroom1BR,1BA$2.03
Moss-Bauer1x11BR,1BA$1.77
Gravier Place Apartments1 Bedroom Apartment1BR,1BA$2.18
200 CarondeletStudio-csc-mktStudio ,1BA$2.08

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Pet Friendly Lifestyle
New Orleans Cbd, New Orleans, LA

Ranked #16

Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap New Orleans CBD Apartments

What is a cheap apartment in New Orleans CBD?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New Orleans CBD is under $1,395.

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

The cheapest apartment in New Orleans CBD is The Pythian Apartments which is listed at $1,068, while the average apartment in New Orleans CBD costs $14,037.

What types of apartments are the cheapest in New Orleans 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 64 regular apartments in New Orleans 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 New Orleans CBD?

Cheap apartments in New Orleans CBD have an average cost of $782 which is $13,255 cheaper than the average rent for all rentals in New Orleans CBD.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.