Average Rent in 70115, New Orleans, LA

Current Versus Historical 70115, New Orleans, LA Rents

70115 rentals average $1,500 for a 1-bedroom rental to $4,250 for a 4-bedroom rental. The median price of all currently available listings is $1,950, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $887 (-47.00%) year-over-year from $1,887 to $1,000. 1-bedroom rentals prices have decreased by $75 (-5.45%) year-over-year from $1,375 to $1,300. 2-bedroom rentals prices have decreased by $140 (-7.04%) year-over-year from $1,990 to $1,850. 3-bedroom rentals prices have decreased by $483 (-15.18%) year-over-year from $3,183 to $2,700. 4-bedroom rentals prices have decreased by $2,642 (-39.77%) year-over-year from $6,642 to $4,000. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 75.51% this month. 1-bedroom rents have gone down by 6.53% this month. 2-bedroom rents have gone up by 6.73% this month. 3-bedroom rents have gone down by 2.41% this month. 4-bedroom rents have gone down by 47.83% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.42	$1,300	$1,375 (-5.45%)	$1,204 (7.96%)
2 BR	$1.95	$1,850	$1,990 (-7.04%)	$1,467 (26.14%)
3 BR	$1.81	$2,700	$3,183 (-15.18%)	$2,235 (20.81%)
4+ BR	$1.76	$4,000	$6,642 (-39.77%)	$3,192 (25.33%)

Historical Rents in 70115, New Orleans, LA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 70115

There are a total of 1 cities nearby 70115. The average rent in 70115 is currently $1,900 per month. Only one city nearby has an average rent lower than that. Our records show that New Orleans, LA, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near 70115, New Orleans, LA is New Orleans, LA. Monthly rents here are on average $1,900 per month.

Let's compare 70115, New Orleans, LA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 70115, New Orleans, LA is inf% more affordable than other cities nearby. One bedrooms are about 6.67% more affordable. Two bedrooms in 70115, New Orleans, LA are about 5.56% more expensive. Finally, rent for three bedrooms are about 25.00% more expensive. Want more information? Check out the top 1 cities near 70115, New Orleans, LA in the following chart.

City	Studio	1 Bed	2 Bed	All
New Orleans, LA	$950	$1,600	$1,700	$1,900

Top Neighborhoods Near 70115

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 70115

Some of these counties include Jefferson, LA, Orleans, LA, and St. Tammany, LA. The average rent for rentals in these counties is $1,900. That's roughly around $1 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Jefferson, LA. It's average rent per month is $1,850. Vice versa, with an average rent of $1,900, St. Tammany, LA is the most expensive county by 70115, New Orleans, LA.

Typically, rent for studios in 70115, New Orleans, LA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 70115, New Orleans, LA is 26.67% more expensive than other counties nearby. Finally, rent for two bedrooms in 70115, New Orleans, LA is 15.69% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Jefferson, LA	N/A	$1,100	$1,518	$1,850
Orleans, LA	$950	$1,600	$1,700	$1,900
St. Tammany, LA	$5,188	$1,100	$1,388	$1,900

Top Zipcodes Near 70115

There are a total of 3 zipcodes in or near 70115, New Orleans, LA. The average rent for all of these zipcodes is $2,200.

The following chart includes the top 3 zipcodes in 70115, New Orleans, LA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
70119, New Orleans, LA	N/A	$1,200	$1,625	$1,700
70130, New Orleans, LA	N/A	$1,995	$2,250	$2,250
70118, New Orleans, LA	N/A	$1,500	$1,800	$2,200

Frequently Asked Questions - 70115 Average Rents

What is the average rent price in 70115, New Orleans, LA?

The average monthly rental price for 70115, New Orleans, LA apartments for rent is approximately $1,950. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 70115, New Orleans, LA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 70115, New Orleans, LA.

How much is a studio apartment in 70115, New Orleans, LA?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 70115.

How much is a one bedroom apartment in 70115, New Orleans, LA?

The average monthly rental price for one bedroom apartments is $1,500 and an average price per square feet of $2.42. There are a total of 16 one bedroom apartment listings currently available for rent in 70115.

How much is a two bedroom apartment in 70115, New Orleans, LA?

The average monthly rental price for two bedroom apartments is $1,800 and an average price per square feet of $1.95. There are a total of 33 two bedroom apartment listings currently available for rent in 70115.

How have rent prices in 70115, New Orleans, LA changed this year?

Rent prices for rentals in 70115, New Orleans, LA can fluctuate yearly. Specifically, studio rental prices have changed by -0.47%, one bedroom rental prices have changed by -0.05%, two bedroom rental prices have changed by -0.07%, and three bedroom rental prices have changed by -0.15% year-over-year.

What is a reasonable rent price in 70115, New Orleans, LA?

A reasonable rent price in 70115, New Orleans, LA is around $1,560/month. You can search for these reasonably priced rental listings on RentHop.