20 Cheap Apartments for rent in New Orleans, LA

Last updated November 24 at 2:59am UTC
3300 Garden Oaks Dr
Tall Timbers - Brechtel
New Orleans, LA
Updated November 24 at 1:28am UTC
3 Bedrooms
$795
2331 Somerset Dr
Old Aurora
New Orleans, LA
Updated November 22 at 12:11pm UTC
3 Bedrooms
$550
2250 North Galvez
St. Roch
New Orleans, LA
Updated November 16 at 12:09pm UTC
1 Bedroom
$700
310 N Rocheblave St
Tulane - Gravier
New Orleans, LA
Updated September 19 at 9:52am UTC
2 Bedrooms
$800
3300 Garden Oaks Dr
Tall Timbers - Brechtel
New Orleans, LA
Updated November 16 at 12:33pm UTC
2 Bedrooms
$695
938 Thalia St.
Lower Garden District
New Orleans, LA
Updated October 21 at 11:25am UTC
Studio
$125
3300 Garden Oaks Dr
Tall Timbers - Brechtel
New Orleans, LA
Updated November 16 at 12:33pm UTC
2 Bedrooms
$750
Results within 5 miles of New Orleans, LA
320 Pontchartrain Dr A
Slidell
Slidell, LA
Updated October 5 at 10:49am UTC
Studio
$550
Results within 20 miles of New Orleans, LA
6128 E Quitman St
, MS
Updated November 16 at 12:34pm UTC
3 Bedrooms
$695
6158 E Quitman St
, MS
Updated November 24 at 1:28am UTC
3 Bedrooms
$795
6102 E Quitman St
, MS
Updated November 3 at 7:05pm UTC
3 Bedrooms
$695
6115 E Pike St
, MS
Updated November 16 at 12:28pm UTC
3 Bedrooms
$695
6110 E Quitman St
, MS
Updated October 31 at 1:38am UTC
3 Bedrooms
$695
2320 Coliseum #3
Garden District
New Orleans, LA
Updated November 11 at 10:46am UTC
Studio
$700
6099 E Pike St
, MS
Updated November 19 at 10:20am UTC
3 Bedrooms
$695
6098 E Quitman St
, MS
Updated November 19 at 10:20am UTC
3 Bedrooms
$695
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November 2017 New Orleans Rent Report

Welcome to the November 2017 New Orleans Rent Report. New Orleans rents declined over the past month. In this report, we'll evaluate trends in the New Orleans rental market, including comparisons to similar cities nationwide.

View full New Orleans Rent Report
Rent Report
New Orleans

November 2017 New Orleans Rent Report

Welcome to the November 2017 New Orleans Rent Report. New Orleans rents declined over the past month. In this report, we'll evaluate trends in the New Orleans rental market, including comparisons to similar cities nationwide.

New Orleans rents declined over the past month

New Orleans rents have declined 0.7% over the past month, but are up slightly by 1.5% in comparison to the same time last year. Currently, median rents in New Orleans stand at $810 for a one-bedroom apartment and $980 for a two-bedroom. New Orleans' year-over-year rent growth lags the state average of 2.3%, as well as the national average of 2.7%.

New Orleans rents more affordable than many large cities nationwide

As rents have increased slightly in New Orleans, large cities nationwide have seen rents grow more quickly. New Orleans is still more affordable than most large cities across the country.

  • New Orleans' median two-bedroom rent of $980 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.5% rise in New Orleans.
  • While New Orleans' rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • Renters will find more reasonable prices in New Orleans than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three times the price in New Orleans.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.