Apartments Under $1,200 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 $1,200 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in New Orleans and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $1,200 in New Orleans. Whether you're a student, young professional, or a small family, this report will help you navigate the rental market and find the best affordable options that suit your needs.
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, 259 are priced below $1,200, accounting for 19% of the total available one-bedroom units in New Orleans.
Available Apartments Under $1,200: New Orleans vs. Surrounding Areas
New Orleans, LA
Metairie, LA
Gretna, LA
Slidell, LA
Kenner, LA
Harvey, LA
Chalmette, LA
Marrero, LA
71
22
14
12
7
6
3
3
As of February 2026, there are several affordable apartments available for rent in New Orleans, LA and the surrounding cities. In New Orleans itself, there are 152 apartments under $1,200 to choose from. Additionally, in the nearby cities of Gretna, Kenner, Slidell, Westwego, Chalmette, Metairie, Lacombe, Bridge City, Marrero, Harvey, and Jefferson, there is a range of affordable options for renters on a budget. With a variety of rental properties to choose from, prospective tenants in the New Orleans metro area have plenty of choices when it comes to finding a great apartment at an affordable price.
Apartments Under $1,200 Now vs. Last Month: New Orleans and Surrounding Areas