Apartments under $500 in New Orleans, LA

Grove Place I bedroom with a bed and a ceiling fan

Grove Place I living room with a kitchen and a ceiling fan

Grove Olace I large apartment building with a driveway and a parking lot

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Grove Place

8635 Earhart Blvd, New Orleans, LA 70118

Hardwood Floors • Public Transportation

Frequently asked questions

When were prices and availability in New Orleans, LA last updated?

Prices and availability in New Orleans, LA were last updated on 6 Nov 2026.

What are the best apartments in New Orleans, LA?

The best apartments in New Orleans, LA are: Esplanade at City Park, The Odeon at South Market, The Paramount at South Market, The Julia at Saint Charles and The Saulet.

What type of rental buildings are in New Orleans, LA?

In New Orleans, 49% of the residents are renting compared to 51% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 13% of New Orleans's rentals, 66% are small-scale complexes with under 50 units, and 20% are single-family rentals.

Renting apartments in New Orleans, LA under $500

Searching for apartments for rent in New Orleans, LA under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in New Orleans, LA. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition.