Apartments for Rent in New Orleans, LA under $700 – 9 Rentals available
4002 S. Carrollton Ave, New Orleans, LA 70119$700
- 1 Bed
- 1 Bath
8801 Lake Forest Blvd., New Orleans, LA 70127$600
- 1 Bed
- 1 Bath
3708 Garden Oaks, New Orleans, LA 70114$633 - $697
- 1 Bed
- 1 Bath
The average rent in New Orleans reached $1,165 in October
The average rent in New Orleans reached $1,165 in October, after a 1.5% decrease since last year. A renter-majority city (53%), New Orleans is a diverse and vibrant place to live in, with apartment rents below the national average of $1,464. [View Full Report]
The average rent in New Orleans was $1,165 in October
The average rent in New Orleans reached $1,165 in October, after a 1.5% decrease since last year. A renter-majority city (53%), New Orleans is a diverse and vibrant place to live in, with apartment rents below the national average of $1,464.
New Orleans rent compared to other surrounding cities
This October, the average rent for an apartment in New Orleans has decreased compared to other surrounding cities such as Kenner ($879, up 2.4%), or Metairie, where rent went up 3.7%, reaching $989.
The priciest and cheapest cities for renters in the New Orleans area
Excluding New Orleans, River Ridge is the priciest city for renters in the area, with apartments going for $1,122 per month. Mandeville is next, with an average rate of $1,118, followed by Covington, where monthly apartment rates go for $1,085.
Rents in Kenner ($879), Gretna ($913) and Harvey ($958) are joined by Metairie ($989) as the most budget-friendly in the New Orleans area, all of them under the $1,000 mark.
RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States.
The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.
New Orleans, LA Demographics
- Total Population389,648
Female 185,377Male 204,271
- Median Age36.3
New Orleans, LA Households
- Total Number of Households154,036
Family 73,443Non-family 80,593
Children 34,027No Children 120,009
- Average People Per Household2.44
- Median Household Income$39,576
- Median Housing Costs Per Month$995
New Orleans, LA Education Statistics
- No High School4%
- Some High School34%
- Some College24%
- Associate Degree4%
- Bachelor Degree20%
- Graduate Degree14%
Renting apartments in New Orleans, LA under $700
Searching for apartments for rent in New Orleans, LA under $700 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, RENTCafé 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. In New Orleans, LA, where the average rent is $675 per month, there are 9 units available for less than $700. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
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 $700” 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. With the cheapest apartments in New Orleans, LA going for $600 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.