Average Rent in New Orleans, LA

New Orleans rentals average $1,275 for a 1-bedroom rental to $0 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 July 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $380 (21.16%) year-over-year from $1,796 to $2,176. 1-bedroom rentals prices have increased by $523 (25.86%) year-over-year from $2,023 to $2,546. 2-bedroom rentals prices have increased by $1,706 (94.78%) year-over-year from $1,800 to $3,506. 3-bedroom rentals prices have increased by $6,921 (343.21%) year-over-year from $2,017 to $8,938. 4-bedroom rentals prices have decreased by $123 (-4.88%) year-over-year from $2,523 to $2,400. 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 3.66% this month. 1-bedroom rents have gone up by 13.80% this month. 2-bedroom rents have gone up by 42.02% this month. 3-bedroom rents have gone up by 98.06% this month. 4-bedroom rents have gone down by 22.16% this month.