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Cheap Apartments for Rent in New Orleans, LA - 88 Rentals available

Apartments Under $800

Apartments Under $900

  • (5)
    10500 Hayne Blvd, New Orleans, LA 70127
    $894 - $1,020
    • 1-2 Beds
    • 1-2 Baths
    Providence Investments, LLC
    Available Today! Last updated 5 Dec 2020
    (504) 245-2525

Apartments Under $1,000

Apartments Under $1,100

Apartments Under $1,200


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]

New Orleans apartment rent 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.

Methodology

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.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Renting a Cheap Apartment in New Orleans

New Orleans was founded by the French Mississippi Company in 1718, and saw periods of French and Spanish imperial control before it was sold to the U.S. as part of the Louisiana Purchase. At the terminus of the Mississippi River, New Orleans has always been an important port city for supplying the Eastern and Southern United States with products unloaded at the port of New Orleans and transported to points beyond. Devastated by Hurricane Katrina in 2005, New Orleans has worked hard to recover from the flooding caused by this natural disaster, which killed 1,500 people and left thousands more homeless. But this is still the home of Mardi Gras (Carnival), the annual celebration of revelry that attracts thousands of visitors from around the world for drink, beads and songs on the Tuesday before Lent. New Orleans is still considered one of the most culturally rich and diverse cities in the U.S.

New Orleans, LA Demographics

  • Total Population389,648
  • Female 185,377
    Male 204,271
  • Median Age36.3

Average Rent in New Orleans, LA

  • New Orleans, LA Average Rental Price, February 2020 $1,166 /mo

New Orleans, LA Apartment Rent Ranges

  • $501-$70012%
  • $701-$1,00040%
  • $1,001-$1,50027%
  • $1,501-$2,00014%
  • > $2,0007%

New Orleans, LA Rent Trends

Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Feb / 2020 Feb / 2020 Feb / 2020
New Orleans, LA $1,090 $1,087 $1,106 $1,110 $1,134 $1,154 $1,189 $1,193 $1,186 $1,169 $1,166
National $1,377 $1,380 $1,417 $1,426 $1,430 $1,466 $1,466 $1,473 $1,474 $1,474 $1,474
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New Orleans, LA Households

  • Total Number of Households154,036
  • Family 73,443
    Non-family 80,593
  • Children 34,027
    No 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%

Looking for a cheap apartment for rent in New Orleans, LA? With RENTCafé, finding an affordable apartment in New Orleans, LA has never been easier. We feature 87 low-priced rentals directly from property managers, with rents lower than the New Orleans, LA average. What is a cheap rent in New Orleans, LA? The average apartment rent in New Orleans is $1,166 per month so any rental south of $933 would be considered cheap here. On RENTCafé, New Orleans, LA rents go as low as $700/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!