Average Rent in New Orleans, LA

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Current Versus Historical New Orleans, LA Rents

New Orleans rentals average $1,325 for a 1-bedroom rental to $1,375 for a 3-bedroom rental. The median price of all currently available listings is $1,263, or roughly $15 per square feet.

For the apartment units and housing in August 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $876 (-40.26%) year-over-year from $2,176 to $1,300. 1-bedroom rentals prices have decreased by $1,214 (-47.81%) year-over-year from $2,539 to $1,325. 2-bedroom rentals prices have decreased by $1,801 (-61.55%) year-over-year from $2,926 to $1,125. 3-bedroom rentals prices have decreased by $3,100 (-69.47%) year-over-year from $4,463 to $1,363. 4-bedroom rentals prices have decreased by $189 (-9.74%) year-over-year from $1,939 to $1,750. 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 0.00% this month. 1-bedroom rents have gone down by 18.16% this month. 2-bedroom rents have gone down by 2.88% this month. 3-bedroom rents have gone down by 1.21% this month. 4-bedroom rents have gone up by 0.96% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$28.11	$1,325	$2,539 (-47.81%)	$2,120 (-37.50%)
2 BR	$14.98	$1,125	$2,926 (-61.55%)	$1,817 (-38.07%)
3 BR	$14.56	$1,363	$4,463 (-69.47%)	$2,065 (-34.02%)

Historical Rents in New Orleans, LA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near New Orleans

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near New Orleans

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near New Orleans

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near New Orleans

Zipcode	Studio	1 Bed	2 Bed	All

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 $1,263. 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 one bedroom apartment in New Orleans, LA?

The average monthly rental price for one bedroom apartments is $1,325 and an average price per square feet of $28.11. There are a total of 6 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 $1,225 and an average price per square feet of $14.98. There are a total of 5 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 -0.40%, one bedroom rental prices have changed by -0.48%, two bedroom rental prices have changed by -0.62%, three bedroom rental prices have changed by -0.69% year-over-year.

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

A reasonable rent price in New Orleans, LA is around $1,010/month. You can search for these reasonably priced rental listings on RentHop.