Average Rent in New Orleans, LA

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Current Versus Historical New Orleans, LA Rents

New Orleans rentals average $0 for a studio rental to $3,750 for a 4-bedroom rental. The median price of all currently available listings is $1,850, or roughly $2 per square feet.
For the apartment units and housing in February 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $584 (36.14%) year-over-year from $1,616 to $2,200. 1-bedroom rentals prices have decreased by $891 (-36.50%) year-over-year from $2,441 to $1,550. 2-bedroom rentals prices have decreased by $132 (-7.39%) year-over-year from $1,782 to $1,650. 3-bedroom rentals prices have increased by $350 (18.92%) year-over-year from $1,850 to $2,200. 4-bedroom rentals prices have increased by $2,042 (83.05%) year-over-year from $2,458 to $4,500. 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 4.09% this month. 1-bedroom rents have gone down by 27.71% this month. 2-bedroom rents have gone down by 1.98% this month. 3-bedroom rents have gone up by 5.64% this month. 4-bedroom rents have gone up by 39.90% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.32 $1,550 $2,441 (-36.50%) $1,703 (-8.97%)
2 BR $1.67 $1,650 $1,782 (-7.39%) $1,800 (-8.33%)
3 BR $1.61 $2,200 $1,850 (18.92%) $1,950 (12.82%)
4+ BR $1.46 $4,500 $2,458 (83.05%) $3,125 (44.00%)

Historical Rents in New Orleans, LA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near New Orleans



Let's compare New Orleans, LA's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near New Orleans



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

Top Counties Near New Orleans

Some of these counties include St. Tammany, LA, Orleans, LA, and Jefferson, LA. The average rent for rentals in these counties is $1,850. 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 St. Tammany, LA. It's average rent per month is $1,800. Vice versa, with an average rent of $1,850, Jefferson, LA is the most expensive county by New Orleans, LA.

In comparison, rent for one bedroom listings in New Orleans, LA is 22.56% more expensive than other counties nearby. Finally, rent for two bedrooms in New Orleans, LA is 8.82% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
St. Tammany, LA $5,400 $1,038 $1,250 $1,800
Orleans, LA N/A $1,485 $1,700 $1,850
Jefferson, LA N/A $1,150 $1,550 $1,850

Top Zipcodes Near New Orleans

There are a total of 4 zipcodes in or near New Orleans, LA. The average rent for all of these zipcodes is $2,075.

The following chart includes the top 4 zipcodes in 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 $1,400 $1,950 $2,200
70119, New Orleans, LA N/A $1,175 $1,650 $1,750
70130, New Orleans, LA N/A $1,895 $2,100 $2,100
70118, New Orleans, LA N/A $1,350 $1,700 $2,050

Frequently Asked Questions - New Orleans Average Rents

What is the average rent price in New Orleans, LA?
The average monthly rental price for New Orleans, LA apartments for rent is approximately $1,850. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 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 New Orleans, LA.
How much is a studio apartment in 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 1 studio apartment listings currently available for rent in New Orleans.
How much is a one bedroom apartment in New Orleans, LA?
The average monthly rental price for one bedroom apartments is $1,485 and an average price per square feet of $2.32. There are a total of 102 one bedroom apartment listings currently available for rent in New Orleans.
How much is a two bedroom apartment in New Orleans, LA?
The average monthly rental price for two bedroom apartments is $1,700 and an average price per square feet of $1.67. There are a total of 201 two bedroom apartment listings currently available for rent in New Orleans.
How have rent prices in New Orleans, LA changed this year?
Rent prices for rentals in New Orleans, LA can fluctuate yearly. Specifically, studio rental prices have changed by 0.36%, one bedroom rental prices have changed by -0.37%, two bedroom rental prices have changed by -0.07%, and three bedroom rental prices have changed by 0.19% year-over-year.
What is a reasonable rent price in New Orleans, LA?
A reasonable rent price in New Orleans, LA is around $1,480/month. You can search for these reasonably priced rental listings on RentHop.
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