1201 Canal Apartments
                                1201 Canal St,
New Orleans, LA 70112
                            
$1,445 - $1,950
1-2 Beds
 
		Life in Downtown New Orleans is pretty sweet, especially when you reside at the heart of its music culture and food scene. This historic city began in 1718 and went through French rule, Spanish rule, and then back to French rule until it became a U.S. territory from the Louisiana Purchase. These cultural influences can be seen today in French-style cooking or Spanish architecture throughout the French Quarter.
Just like its past, Downtown New Orleans is ever-changing with the resurgence of art galleries, jazz lounges, and restaurants. The community is comprised of many neighborhoods, like the Central Business District. Its business center is made up of large office spaces, the Superdome, and upscale shops at Canal Place.
The oldest, most historic neighborhood in Downtown New Orleans is the French Quarter. In addition to being incredibly haunted, its colorful buildings are home to some of the city’s best nightlife. Tourists and residents alike enjoy Jackson Park’s bustling atmosphere. In front of Saint Louis Cathedral, you’ll often see art for sale or fortune tellers doing a reading.
New Orleans is known for its Creole food. The diverse menu at Commander’s Place is enjoyed by all, or be sure to check out Antoine’s jazz brunch on Sundays. While food is a key player in city tourism, so is music. The Spotted Cat on Frenchman Street is a popular place for jazz, and locals enjoy the roaring nightlife along Bourbon Street.
Nightlife is a staple in Downtown New Orleans, but serenity is too and can be found at City Park. Residents look forward to Mardi Gras as well as fresh seafood at the French Market. Downtown New Orleans is bike-friendly, but the streetcar is another great option for commuting.
As of October 2025, the average apartment rent in Downtown New Orleans is $1,214 for a studio, $1,735 for one bedroom, $2,416 for two bedrooms, and $3,806 for three bedrooms. Apartment rent in Downtown New Orleans has decreased by -1.0% in the past year.
Studio
488 sq ft
Average Sq Ft
$1,214/month
Average Rent
1 BR
766 sq ft
Average Sq Ft
$1,735/month
Average Rent
2 BR
1,225 sq ft
Average Sq Ft
$2,416/month
Average Rent
3 BR
1,744 sq ft
Average Sq Ft
$3,806/month
Average Rent
 
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.