Apartments Under $1,000 in New Orleans, LA: February Rental Information
Welcome to the February 2026 New Orleans Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2026 key findings and figures for the New Orleans rental landscape.
Our experts analyze the inventory trends for apartments under $1,000 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in New Orleans and surrounding areas. This summary also provides an insight into available features and amenities, as well as location options for apartments under $1,000 in New Orleans. Whether you're a student, young professional, or someone looking for an affordable rental option, this report will help you navigate the rental market and find the perfect apartment within your budget.
This month, the typical cost to rent a one-bedroom apartment in New Orleans stands at $1,520, with the majority falling between $840 and $2,140. Out of the 1,378 one-bedroom apartments currently on the market in New Orleans, 208 are priced below $1,000, accounting for 15% of the total available one-bedroom units in New Orleans.
Available Apartments Under $1,000: New Orleans vs. Surrounding Areas
New Orleans, LA
Metairie, LA
Gretna, LA
Harvey, LA
Slidell, LA
Kenner, LA
Marrero, LA
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In February 2026, Rentable's apartment search in New Orleans, LA and the surrounding cities revealed a number of available apartments under $1,000. New Orleans itself boasted the majority of the inventory, with a total of 86 apartments to choose from. The surrounding cities also offered a selection of affordable apartments, including Gretna, Kenner, Slidell, Westwego, Chalmette, Metairie, Lacombe, Bridge City, Marrero, Harvey, and Jefferson. Whether you're looking to live in the heart of New Orleans or in one of its neighboring cities, Rentable can help you find an apartment within your budget.
Apartments Under $1,000 Now vs. Last Month: New Orleans and Surrounding Areas