Average Rent in New Orleans, LA
New Orleans offers a one-of-a-kind culture with live music, world-class food, and historic architecture. The rental market is unique with many shotgun houses, raised homes, and historic apartment conversions.
+0.8%YoY
Studio
$1,000
1-Bedroom
$1,250
2-Bedroom
$1,500
3-Bedroom
$1,850
Market Overview
Year-over-Year Change+0.8%
Vacancy Rate7%
Renter Population53%
Median Income$41,604/yr
Rent-to-Income Ratio36.1%
Cost of Living Index95 (US avg: 100)
Market Condition
Renter-Friendly
Market conditions favor renters. Good time to negotiate.
Tenant Protections
- Louisiana lease law is based on Civil Code (different from most states)
- Security deposit return within 30 days
- No rent control statewide
- Landlord must maintain premises in condition fit for intended use
Rent by Neighborhood in New Orleans
French Quarter
Historic heart of the city with Bourbon Street, Jackson Square, and nightlife.
Walk Score: 92Safety: 5/10
1-Bed
$1,500
2-Bed
$1,850
3-Bed
$2,200
Garden District
Elegant mansions, oak trees, Magazine Street shopping, and streetcar access.
Walk Score: 72Safety: 7/10
1-Bed
$1,400
2-Bed
$1,700
3-Bed
$2,100
Marigny / Bywater
Colorful shotgun houses, Frenchmen Street live music, and local culture.
Walk Score: 78Safety: 6/10
1-Bed
$1,300
2-Bed
$1,600
3-Bed
$1,950
Mid-City
Near City Park and Bayou St. John with a neighborhood feel.
Walk Score: 60Safety: 6/10
1-Bed
$1,100
2-Bed
$1,350
3-Bed
$1,700
Tips for Renting in New Orleans
- 1Flood insurance is essential - check your zone on FEMA maps
- 2Hurricane season (June-November) can disrupt living - have an evacuation plan
- 3Street parking is challenging in the Quarter and Marigny - budget for parking
- 4AC costs are high year-round due to humidity - ask about utility averages
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