New Orleans, LA Rental Market Trends
Last updated: February 21, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in New Orleans is $1,416, a 1.59% decrease compared to the previous year, when the average rent was $1,439.
Studio Apartments at $1,267 offer the most budget-friendly option with 480 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 703 square feet for $1,259, balancing privacy and affordability.
Two-beedroom units at $1,513 offer 1,043 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,290 sq ft) for $1,772, suitable for larger households.
Average rent in New Orleans, LA
Last updated: February 21, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,416 | 900 sq. ft. |
| Studio | $1,267 | 480 sq. ft. |
| 1 Bed | $1,259 | 703 sq. ft. |
| 2 Beds | $1,513 | 1,043 sq. ft. |
| 3 Beds | $1,772 | 1,290 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 (36%) 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?
Pines Village $967/month
Little Woods $1,006/month
Old Aurora $1,011/month
All of these neighborhoods fall below the city wide average of $1,416/month.Most expensive neighborhoods in New Orleans?
New Orleans Central Business District $2,099/month
Bywater $2,289/month
French Quarter $2,665/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 | $2,665 |
| Bywater | $2,289 |
| New Orleans Central Business District | $2,099 |
| Mid-City New Orleans | $1,737 |
| Lower Garden | $1,688 |
| Central City New Orleans | $1,629 |
| Tulane - Gravier | $1,435 |
| Gert Town | $1,329 |
| Treme - Lafitte | $1,300 |
| Tall Timbers - Brechtel | $1,071 |
| West Lake Forest | $1,013 |
| Old Aurora | $1,011 |
| Little Woods | $1,006 |
| Pines Village | $967 |
/
/
New Orleans | Rent Comparison by Neighborhood
Rent in Bywater is 41% higher than in Central City New Orleans
$2,289
Bywater rent is 62% higher than New Orleans average
Average Rent
$2,289
$1,629
Central City New Orleans rent is 15% higher than New Orleans average
Average Rent
$1,629
How New Orleans Compares to Other Cities
| City | Average Rent |
|---|---|
| New Orleans | $1,416 |
| Baton Rouge | $1,259 |
| Lafayette | $1,143 |
| Ruston | $1,637 |
| Shreveport | $1,042 |
| Hammond | $1,300 |
| Lake Charles | $1,131 |
| Bossier City | $1,222 |
| Slidell | $1,309 |
| Youngsville | $1,431 |
| Alexandria | $1,082 |
| Chalmette, LA | $1,529 |
| Luling, LA | $1,027 |
| Covington | $1,422 |
| Mandeville | $1,362 |
| Gretna, LA | $1,009 |
| Kenner, LA | $1,072 |
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.