Low Income Apartments and Affordable Housing For Rent in New Orleans, LA

Discover affordable housing in New Orleans where there are 117+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

St James A.M.E. Homes

201 N Roman St, New Orleans, Louisiana 70112

Josephine Apartments

1215 Josephine St, New Orleans, Louisiana 70130

Gulfway Terrace

14763 Chef Menteur Hwy, New Orleans, Louisiana 70129

St Louis Square

2400 Saint Louis St, New Orleans, Louisiana 70119

Haydel Heights Apartments

4421 Ray Ave, New Orleans, Louisiana 70126

Treme Cottages Rental Rehab Project

1312 Governor Nicholls St, New Orleans, Louisiana 70116

Oak Place Homes

2401 Conti St, New Orleans, Louisiana 70119

Cedar Square Apartments

10301 I 10 Service Rd, New Orleans, Louisiana 70127

Louisiana Avenue Apartments

2825 Louisiana Ave, New Orleans, Louisiana 70115

Shepard Court Apartments

2 Shepard Ct, New Orleans, Louisiana 70114

Toledano St Apartments

2114 Toledano St, New Orleans, Louisiana 70115

Kraft Place III

2332 Kraft Pl, New Orleans, Louisiana 70114

Philip St Apartments

2400 Philip St, New Orleans, Louisiana 70113

Kraft Place Apartments I

2347 Kraft Pl, New Orleans, Louisiana 70114

Kraft Place II

2324 Kraft Pl, New Orleans, Louisiana 70114

Delery St Apartments

826 Delery St, New Orleans, Louisiana 70117

Oakbrook Village

8500 I 10 Service Rd, New Orleans, Louisiana 70127

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Orleans, Louisiana
$25.80/hour
$18.55 (+256%) more than Louisiana minimum wage and $18.55 (+256%) more than the Federal minimum wage.
Learn More About New Orleans, Louisiana Affordable Housing ↓

What HUD offices serve New Orleans, Louisiana?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for New Orleans, Louisiana.

Go to the Louisiana Public Housing and Low-Income Apartments Waiting Lists page for openings near New Orleans.

How many renters live in New Orleans, Louisiana?

The City of New Orleans has 369,749 people living in 150,880 households.

There are 144,707 renters living in 67,819 renter households in this City. Renters make up 39.14 percent of the population living in New Orleans.

What is the rental market like in New Orleans, Louisiana?

There are an estimated 195,626 housing units in the New Orleans area. Of these, 77,618 units are rental homes, making up 40 percent of the housing market. For every renter household in New Orleans, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in New Orleans?

The rental vacancy rate in New Orleans is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in New Orleans for each bedroom size?

Occupied Rental Units by Size in New Orleans
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3,475 20,948 26,022 14,329 2,455
Occupied Rental Units by Size in New Orleans

A large number of apartments in New Orleans have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in New Orleans are overburdened by housing costs?

Among renter households in this market, 56 percent have housing cost burden. Further, 32 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in New Orleans

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $986 to $2,039. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $986
One BR $1,149
Two BR $1,362
Three BR $1,750
Four BR $2,039
2024 Fair Market Rents in New Orleans, Louisiana

How many units are rented at Fair Market Rent (FMR) in New Orleans?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 1,735 50 percent
One BR 13,171 63 percent
Two BR 15,125 58 percent
Rental Units Below FMR in New Orleans, Louisiana

How many affordable rental units are in New Orleans?

There are a variety of federal affordable housing programs serving households in New Orleans, Louisiana including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 13,127
Public Housing 2,191
Section 8 Project-Based Rental Assistance 2,189
Section 202 Supportive Housing for the Elderly 105
Section 811 Supportive Housing for Persons with Disabilities 12
Tracked Units by Federal Program in New Orleans, Louisiana

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in New Orleans, Louisiana

New Orleans features 5,611 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in New Orleans, Louisiana

There are 3,683 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Orleans.

Housing Choice Vouchers in New Orleans, Louisiana

On average, Section 8 Housing Choice vouchers pay New Orleans landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in New Orleans.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Orleans, Louisiana for a two-bedroom apartment is between $1,226 and $1,498.

Sourced from federal housing data and AffordableHousingOnline.com research.