New Orleans, LA Rental Market Trends
Last updated: April 08, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in New Orleans is $1,379, a 3.3% decrease compared to the previous year, when the average rent was $1,427.
Studio Apartments at $1,288 offer the most budget-friendly option with 481 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 703 square feet for $1,250, balancing privacy and affordability.
Two-beedroom units at $1,456 offer 1,044 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,291 sq ft) for $1,679, suitable for larger households.
Average rent in New Orleans, LA
Last updated: April 08, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,379 | 899 sq. ft. |
| Studio | $1,288 | 481 sq. ft. |
| 1 Bed | $1,250 | 703 sq. ft. |
| 2 Beds | $1,456 | 1,044 sq. ft. |
| 3 Beds | $1,679 | 1,291 sq. ft. |
New Orleans, LA rent trends
What's the typical rent budget in New Orleans, LA?
The largest share of rentals in New Orleans, LA (39%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in New Orleans, LA?
76,684 or 49% of the households in New Orleans, LA are renter-occupied while 78,376 or 51% are owner-occupied.
Most affordable neighborhoods in New Orleans?
Little Woods $967/month
West Lake Forest $983/month
Old Aurora $986/month
All of these neighborhoods fall below the city wide average of $1,379/month.Most expensive neighborhoods in New Orleans?
New Orleans Central Business District $2,024/month
Bywater $2,188/month
French Quarter $2,477/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in New Orleans, LA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| French Quarter | $2,477 |
| Bywater | $2,188 |
| New Orleans Central Business District | $2,024 |
| Mid-City New Orleans | $1,696 |
| Lower Garden | $1,683 |
| Central City New Orleans | $1,637 |
| Treme - Lafitte | $1,475 |
| Tulane - Gravier | $1,410 |
| Gert Town | $1,302 |
| Pines Village | $1,046 |
| Tall Timbers - Brechtel | $1,042 |
| Old Aurora | $986 |
| West Lake Forest | $983 |
| Little Woods | $967 |
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New Orleans | Rent Comparison by Neighborhood
Rent in Bywater is 34% higher than in Central City New Orleans
$2,188
Bywater rent is 59% higher than New Orleans average
Average Rent
$2,188
$1,637
Central City New Orleans rent is 19% higher than New Orleans average
Average Rent
$1,637
How New Orleans Compares to Other Cities
| City | Average Rent |
|---|---|
| New Orleans | $1,379 |
| Baton Rouge | $1,259 |
| Lafayette | $1,161 |
| Ruston | $1,684 |
| Shreveport | $1,061 |
| Hammond | $1,282 |
| Lake Charles | $1,162 |
| Bossier City | $1,561 |
| Slidell | $1,339 |
| Youngsville | $1,419 |
| Alexandria | $1,031 |
| Chalmette, LA | $1,448 |
| Luling, LA | $1,015 |
| Covington | $1,471 |
| Mandeville | $1,373 |
| Gretna, LA | $1,023 |
| Kenner, LA | $1,083 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all New Orleans apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.