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Average Rent in New Orleans, LA

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Current Versus Historical New Orleans, LA Rents

New Orleans rentals average $995 for a studio rental to $4,000 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $22 per square feet.
For the apartment units and housing in March 2023, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $255 (-20.34%) year-over-year from $1,255 to $1,000. 1-bedroom rentals prices have decreased by $308 (-12.62%) year-over-year from $2,441 to $2,133. 2-bedroom rentals prices have decreased by $131 (-6.78%) year-over-year from $1,931 to $1,800. 3-bedroom rentals prices have increased by $378 (20.71%) year-over-year from $1,823 to $2,200. 4-bedroom rentals prices have increased by $692 (24.63%) year-over-year from $2,808 to $3,500. 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 down by 35.46% this month. 1-bedroom rents have gone down by 8.78% this month. 2-bedroom rents have gone up by 1.98% this month. 3-bedroom rents have gone up by 15.28% this month. 4-bedroom rents have gone up by 22.09% this month.
Beds
Price / Sqft
 Mar 2023 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $31 $1,000 $1,255 (-20.34%) $1,750 (-42.86%)
1 BR $27 $2,133 $2,441 (-12.62%) $1,004 (112.41%)
2 BR $21 $1,800 $1,931 (-6.78%) $1,043 (72.52%)
3 BR $18 $2,200 $1,823 (20.71%) $1,323 (66.25%)
4+ BR $19 $3,500 $2,808 (24.63%) $2,008 (74.35%)

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 Jefferson, LA, Orleans, New Orleans, LA, and St. Tammany, LA. The average rent for rentals in these counties is $1,800. That's roughly around $16 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Jefferson, LA. It's average rent per month is $1,775. Vice versa, with an average rent of $2,000, St. Tammany, LA is the most expensive county by New Orleans, LA.

Typically, rent for studios in New Orleans, LA is on par with the other counties nearby. In comparison, rent for one bedroom listings in New Orleans, LA is 23.21% more expensive than other counties nearby. Finally, rent for two bedrooms in New Orleans, LA is 9.60% 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 $950 $1,600 $1,775
Orleans, New Orleans, LA $995 $1,498 $1,770 $1,800
St. Tammany, LA $4,500 $1,150 $1,500 $2,000

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 $2,038.

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 $1,375 $2,200 $2,225
70119, New Orleans, LA $898 $1,173 $1,600 $1,600
70130, New Orleans, LA $1,150 $2,050 $2,625 $2,500
70118, New Orleans, LA N/A $1,338 $1,850 $1,850

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 $1,800. 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 $995 and an average price per square feet of $31.35. There are a total of 13 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 $1,498 and an average price per square feet of $27.47. There are a total of 136 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 $1,770 and an average price per square feet of $20.80. There are a total of 194 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 -0.20%, one bedroom rental prices have changed by -0.13%, two bedroom rental prices have changed by -0.07%, and three bedroom rental prices have changed by 0.21% year-over-year.
What is a reasonable rent price in New Orleans, LA?
A reasonable rent price in New Orleans, LA is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.
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