I believe it runs from San Antonio to New Orleans every 4 days. I have made a lot of money sitting waiting in amtrak to go by.
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Looks like 9 1/2 hour trip Houston to New Orleans and rates from $106 to $212 each way for 2 people.
http://tickets.amtrak.com/itd/amtrak
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It's a cool and different way to travel. There is a bar, cafe, restaurant, viewing areas, and sleeper rooms. You just can't be in a hurry though. Most of the tracks are owned by the freight lines and their trains take priority over AmTrak. AmTrak also runs late quite frequently. And there are some interesting people on the trains -- think Greyhound bus, but maybe not as bad.
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Took a 6 hour ride in Alaska a couple years ago and it was cool. Of course they were more tourist trains so any time something interesting was seen they would slow down or stop but it was pretty cool.
I can't see you saving a ton of money going by train over flying.
Southwest usually has dirt cheap airfare to places like that.
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