You already know that rent prices are skyrocketed across the nation. In New Orleans, Louisiana, rent prices are no different.
Louisiana has some affordable cities for renters, particularly in the northern and central parts of the state.
Are Rents Going Down In New Orleans?
New Orleans rents are rising but not as much as other metropolitan areas. June 2022 figures from Realtor.com show that New Orleans rents rose just 6.6% over the previous year, which is among the lowest increases in the nation.
These New Orleans Apartments Are Affordable
To determine the apartments with the cheapest rent in New Orleans, we studied the average rental rates for studios, one-bedrooms and two-bedrooms.
Willowbrook Apartments
7001 Bundy Rd, New Orleans, LA 70127
Willowbrook Apartments has on-site laundry facilities as well as all kitchen appliances including a dishwasher, all electric and energy efficient central heat and air, ceiling fans, and large private porches.
| Beds | Baths | Average SF | Monthly Rent |
|---|---|---|---|
| 1 Bed | 1 Bath | 658 SF | $700 |
| 2 Beds | 2 Baths | 958 SF | $820 |
Leasing Office: (504) 777-3172
Pontchartrain Oaks Apartments
9696 Hayne Blvd, New Orleans, LA 70127
Located on Lake Pontchartrain in New Orleans East, Pontchartrain Oaks offers one and two bedroom apartments.
| Beds | Baths | Average SF | Monthly Rent |
|---|---|---|---|
| 1 Bed | 1 Bath | 560 SF | $685 |
| 2 Beds | 1 Bath | 1,120 SF | $950 |
Leasing Office: (504) 576-9613
Forest Isle Apartments
5000 Woodland Dr, New Orleans, LA 70131
Forest Isle is a gated apartment community located on the Westbank of New Orleans. It has a swimming pool, work out in our 24 hour fitness center, or stroll with your dog on the levee overlooking the Intracoastal Waterway. Forest Isle offers studio, one and two bedroom apartment homes.
| Beds | Baths | Average SF | Monthly Rent |
|---|---|---|---|
| Studio | 1 Bath | 536 SF | $690 |
| 1 Bed | 1 Bath | 636 SF | Not Available |
| 1 Bed | 1½ Baths | 825 SF | Not Available |
| 2 Beds | 1 Bath | 995 SF | Not Available |
| 2 Beds | 1½ Baths | 1,233 SF | Not Available |
| 2 Beds | 2½ Baths | 1,350 SF | $1,350 |
Leasing Office: (504) 285-5298
Parc Fontaine
3101 Rue Parc Fontaine, New Orleans, LA 70131
Leasing Office: (504) 688-7385
Located on the West Bank, Parc Fontaine Apartments is a gated community that offers one, two and three-bedroom floorplans.
| Beds | Baths | Average SF | Monthly Rent |
|---|---|---|---|
| 1 Bed | 1 Bath | 750 SF | $610 |
| 2 Beds | 1 Bath | 1,000 SF | Not Available |
| 2 Beds | 2 Baths | 1,300 SF | Not Available |
| 3 Beds | 2 Baths | 1,683 SF | $1,200 |
Laguna Creek Apartments
6881 Parc Brittany Blvd, New Orleans, LA 70126
Laguna Creek offers one- and two-bedroom apartments in Eastern New Orleans.
| Beds | Baths | Average SF | Monthly Rent |
|---|---|---|---|
| 1 Bed | 1 Bath | 617 SF | $685 |
| 2 Beds | 1 Bath | 866 SF | $910 |
Leasing Office: (844) 838-2986
Cypress Run Apartments
6101 Tullis Dr, New Orleans, LA 70131
Cypress Run Apartments offers one- and two-bedroom apartments with various features and amenities including, convenient on-site parking options and smoke-free options.
| Beds | Baths | Average SF | Monthly Rent |
|---|---|---|---|
| 1 Bed | 1 Bath | 731 SF | $700 |
| 2 Beds | 1 Bath | 920 SF | Not Available |
| 2 Beds | 2 Baths | 1,020 SF | $1,050 |
Leasing Office: (504) 392-8962
Final Word
While New Orleans is not one of the most expensive rental markets, (how you doing, New York?), the prices are such that you still need to do what you can to save if you’re not buying a home. Look for ways to reduce expenses and save more of the money you make.
Tired of renting? Here’s how to save for a home.
