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Average Rent in 70119, New Orleans, LA

Home  »  LA  »  New Orleans  »  70119

Current Versus Historical 70119, New Orleans, LA Rents

70119 rentals average $1,270 for a 1-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,650, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $2,902 (-58.01%) year-over-year from $5,002 to $2,100. 1-bedroom rentals prices have increased by $63 (4.92%) year-over-year from $1,287 to $1,350. 2-bedroom rentals prices have decreased by $83 (-5.10%) year-over-year from $1,633 to $1,550. 3-bedroom rentals prices have increased by $381 (21.23%) year-over-year from $1,794 to $2,175. 4-bedroom rentals prices have decreased by $42 (-1.61%) year-over-year from $2,592 to $2,550. 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 up by 7.70% this month. 1-bedroom rents have gone up by 6.72% this month. 2-bedroom rents have gone down by 2.87% this month. 3-bedroom rents have gone up by 6.10% this month. 4-bedroom rents have gone down by 15.70% this month.
Beds
Price / Sqft
 May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.04 $1,350 $1,287 (4.92%) $1,213 (11.34%)
2 BR $1.69 $1,550 $1,633 (-5.10%) $1,398 (10.85%)
3 BR $1.68 $2,175 $1,794 (21.23%) $1,808 (20.28%)

Historical Rents in 70119, New Orleans, LA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 70119

There are a total of 1 cities nearby 70119. The average rent in 70119 is currently $1,880 per month. Our records show that New Orleans, LA, with an average rent of $1,880, is the most affordable city nearby. In contrast, the most expensive city near 70119, New Orleans, LA is New Orleans, LA. Monthly rents here are on average $1,880 per month.

Let's compare 70119, New Orleans, LA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 70119, New Orleans, LA is inf% more affordable than other cities nearby. One bedrooms are about 22.05% more affordable. Two bedrooms in 70119, New Orleans, LA are about 6.25% more affordable. Finally, rent for three bedrooms are about 14.29% more affordable. Want more information? Check out the top 1 cities near 70119, New Orleans, LA in the following chart.
City Studio 1 Bed 2 Bed All
New Orleans, LA $1,100 $1,550 $1,700 $1,880

Top Neighborhoods Near 70119



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near 70119

Some of these counties include Jefferson, LA, Orleans, LA, and St. Tammany, LA. The average rent for rentals in these counties is $1,880. That's roughly around $1 per sqft. The county that is the most affordable is Jefferson, LA. It's average rent per month is $1,838. Vice versa, with an average rent of $1,950, St. Tammany, LA is the most expensive county by 70119, New Orleans, LA.

Typically, rent for studios in 70119, New Orleans, LA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 70119, New Orleans, LA is 9.45% more expensive than other counties nearby. Finally, rent for two bedrooms in 70119, New Orleans, LA is 7.19% 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 $1,088 $1,485 $1,838
Orleans, LA $1,100 $1,550 $1,700 $1,880
St. Tammany, LA $5,188 $1,150 $1,475 $1,950

Top Zipcodes Near 70119

There are a total of 3 zipcodes in or near 70119, New Orleans, LA. The average rent for all of these zipcodes is $2,100.

The following chart includes the top 3 zipcodes in 70119, New Orleans, LA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
70115, New Orleans, LA N/A $1,575 $1,850 $2,000
70130, New Orleans, LA N/A $1,788 $2,100 $2,100
70118, New Orleans, LA N/A $1,500 $1,800 $2,200

Frequently Asked Questions - 70119 Average Rents

What is the average rent price in 70119, New Orleans, LA?
The average monthly rental price for 70119, New Orleans, LA apartments for rent is approximately $1,650. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 70119, 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 70119, New Orleans, LA.
How much is a studio apartment in 70119, 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 70119.
How much is a one bedroom apartment in 70119, New Orleans, LA?
The average monthly rental price for one bedroom apartments is $1,270 and an average price per square feet of $2.04. There are a total of 11 one bedroom apartment listings currently available for rent in 70119.
How much is a two bedroom apartment in 70119, New Orleans, LA?
The average monthly rental price for two bedroom apartments is $1,600 and an average price per square feet of $1.69. There are a total of 32 two bedroom apartment listings currently available for rent in 70119.
How have rent prices in 70119, New Orleans, LA changed this year?
Rent prices for rentals in 70119, New Orleans, LA can fluctuate yearly. Specifically, studio rental prices have changed by -0.58%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by 0.21% year-over-year.
What is a reasonable rent price in 70119, New Orleans, LA?
A reasonable rent price in 70119, New Orleans, LA is around $1,320/month. You can search for these reasonably priced rental listings on RentHop.
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