Most Affordable Neighborhoods in New Orleans, LA
Some of the cheapest neighborhoods in New Orleans are Little Woods, Read Boulevard East, and New Orleans East. These neighborhoods offer some of the lowest rent prices in New Orleans, making them ideal for renters on a budget. As of February 18, 2025, the average rent in New Orleans is $1,300, which is 0.1% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Little Woods
Average Rent
$889/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
36/100
Units Available
169 Rentals
Little Woods is a suburban neighborhood located near Lake Pontchartrain, offering renters easy access to outdoor activities like fishing and boating. Renters will enjoy the quiet atmosphere and the proximity to schools and parks. The area’s serene environment provides a peaceful retreat from the bustling city.
Read Boulevard East
Average Rent
$889/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
37/100
Units Available
104 Rentals
Read Boulevard East is a residential neighborhood offering a mix of single-family homes and apartments, with convenient access to local schools and shopping centers. Renters will appreciate the suburban feel while being just a short drive from downtown New Orleans.
New Orleans East
Average Rent
$922/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
35/100
Units Available
199 Rentals
New Orleans East is a large, diverse area offering a mix of suburban and rural living with easy access to major highways and downtown New Orleans. Renters will appreciate the affordable housing options and proximity to shopping centers. The neighborhood is perfect for those seeking a quieter lifestyle while remaining close to the city.
Tulane-Gravier
Average Rent
$1,378/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
74/100
Units Available
19 Rentals
When you’re looking for a great New Orleans neighborhood on a budget, check out Tulane-Gravier. The average rent is $1,378, compared to the city average of $1,300. Rent prices have decreased by 0.5%. Tulane-Gravier is convenient to Louisiana Children's Museum, Canal And Tonti, and New Orleans Jazz National Historical Park. The community is walkable with a WalkScore® of 79.
City Park
Average Rent
$1,585/Month
TransitScore® Rating
57/100
Units Available
30 Rentals
City Park is a serene neighborhood nestled around one of the largest urban parks in the U.S., offering residents access to miles of walking trails, gardens, and museums. Renters will love the proximity to outdoor activities and the peaceful surroundings. The area is perfect for those seeking a balance between nature and city living.
Lakeview
Average Rent
$1,605/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
34/100
Units Available
56 Rentals
Lakeview is an affordable neighborhood in New Orleans with an average rent price of $1,605. Compare this to the city average of $1,300. In the past year, rent prices have increased by 1.1%. Lakeview provides easy access to Smith-Lupo Center, New Orleans Botanical Garden, and Dillard University. It’s a walkable neighborhood with a WalkScore® of 70.
Bywater
Average Rent
$1,647/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
48/100
Units Available
62 Rentals
If you’re looking for a great, affordable neighborhood in New Orleans, Bywater might be the perfect place! It has an average rent price of $1,647, while the city’s average stands at $1,300. In the last year, prices have decreased by 3.5%. Bywater is near Dumaine Street Station, Entergy IMAX Theatre, and Toulouse Street Station.
Gert Town
Average Rent
$1,677/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
49/100
Units Available
37 Rentals
Gert Town is a historic neighborhood near Mid-City that is famous for its history in music, especially jazz. Get Town is home to Xavier University and is near Tulane and Loyola universities, attracting a variety of students to the area. This ideal location is close to the shops, restaurants, and other businesses along Carrollton Avenue.
Mid-City
Average Rent
$1,683/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
62/100
Units Available
65 Rentals
Mid-City is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mid-City is $1,683 while the city average is $1,300. This is a 1.4% difference from last year. Residents enjoy convenient access to Canal And Scott, North Carrollton Avenue, and LSU Health Center, Downtown. The neighborhood is considered walkable with a WalkScore® of 88.
River Ridge/Jefferson
Average Rent
$1,723/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
1/100
Units Available
57 Rentals
When you’re looking for a great New Orleans neighborhood on a budget, check out River Ridge/Jefferson. The average rent is $1,723, compared to the city average of $1,300. Rent prices have decreased by 1.9%. River Ridge/Jefferson is convenient to Audubon Insectarium, Kenner Planetarium & MegaDome Cinema, and St Charles And Burdette. The community is somewhat walkable with a WalkScore® of 51.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.