New Orleans, LA Rental Market Trends
What is the average rent in New Orleans?
The average rent for an apartment in New Orleans is $1,354. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in New Orleans, LA
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,354 | 897 sq. ft. |
What is the average apartment size in New Orleans?
The average size for a New Orleans, LA apartment is 897 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
New Orleans, LA apartment rent ranges
New Orleans, LA Occupied Housing Units
78,944 or 51% of the households in New Orleans, LA are renter-occupied while 76,725 or 49% are owner-occupied.
New Orleans, LA rent trends
Average Rent in New Orleans, LA By Neighborhood
| City | Average Rent |
|---|---|
| French Quarter | $1,895 |
| Central City New Orleans | $1,891 |
| Tulane - Gravier | $1,846 |
| Lower Garden | $1,747 |
| Mid-City New Orleans | $1,629 |
| Riverside | $1,571 |
| Gert Town | $1,438 |
| St. Roch | $1,409 |
| St. Bernard | $1,326 |
| Behrman | $987 |
| Whitney | $987 |
| Tall Timbers - Brechtel | $945 |
| Gentilly Woods | $941 |
| Pines Village | $941 |
| Little Woods | $924 |
| Read Boulevard | $915 |
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What are the most affordable neighborhoods in New Orleans?
The most affordable neighborhoods in New Orleans are Read Boulevard, where the average rent goes for $915/month, Little Woods, where renters pay $924/mo on average, and Gentilly Woods, where the average rent goes for $941/mo. If you’re looking for other great deals, check out the listings from Pines Village ($941), Tall Timbers - Brechtel ($945), and Behrman ($987), where the asking prices are below the average New Orleans rent of $1,354/mo.
What are the most expensive neighborhoods in New Orleans?
The most expensive neighborhoods in New Orleans are Tulane - Gravier ($1,846), Central City New Orleans ($1,891) and French Quarter ($1,895).
What are the most popular neighborhoods in New Orleans?
The most popular neighborhood in New Orleans is St. Bernard, where there are 2 listings with an average rent of $1,326. Next up is French Quarter, where apartments go for $1,895/month, followed by Behrman with $987 If you’re looking to rent in New Orleans’s most popular neighborhoods, make sure to also check out Central City New Orleans, where renters pay $1,891 on average, and Gentilly Woods, where the average monthly rent is $941.
New Orleans | Rent Comparison by Neighborhood
Rent in Behrman is 48% lower than in Central City New Orleans
$987
Behrman rent is 27% lower than New Orleans average
Average Rent
$987
$1,891
Central City New Orleans rent is 40% higher than New Orleans average
Average Rent
$1,891
How New Orleans Compares to Other Cities
| State | Average Rent |
|---|---|
| Baton Rouge | $1,229 |
| Shreveport | $1,345 |
| New Orleans | $1,354 |
| Baker | $1,213 |
| Crowley | $609 |
| Gonzales | $1,380 |
| Hammond | $1,238 |
What is the average price for a storage unit in New Orleans?
The average rent for a non-climate-controlled 10'x10' storage unit in New Orleans is $131.04. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in New Orleans
AD_Cf_H M3"sway
AD_Cf_H M3"Sway, New Orlean's, LA 70116| 1 BED | $200 |
1511 Caton Street
1511 Caton Street, New Orleans, LA 70122| 1 BED | $600 |
| 2 BEDS | $750 |
| 3 BEDS | $950 |
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Palm Villas
1511 Caton Street, New Orleans, LA 70122| 1 BED | $600 |
| 2 BEDS | $750 |
| 3 BEDS | N/A |