Last updated
Average Rent in New Orleans, LA & Rent Trends
Rent prices and market trends across 21 apartment communities in New Orleans, LA. Updated daily.
Market Average
$2,058/mo
▼ 14.8% from last month
Lowest Available
$965/mo
cheapest unit on market
Communities
21
tracked daily
Units Listed
224
available now
Price Cuts This Week in New Orleans, LA
40 listed units across 11 buildings in New Orleans, LA dropped their asking rent in the past 7 days, an average cut of $124/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| 925 Common Luxury Apartments | Unit 20 | $2,250 | $1,325 | $925 |
| 925 Common Luxury Apartments | Unit 8 | $2,450 | $1,665 | $785 |
| 925 Common Luxury Apartments | Unit 13 | $1,840 | $1,450 | $390 |
| Civic Lofts Apartments | Unit 1 | $2,225 | $1,875 | $350 |
| Thirteen15 Apartments | Unit 1005, C | $1,660 | $1,460 | $200 |
| 930 Poydras Apartments | Unit 6 | $1,895 | $1,695 | $200 |
| Thirteen15 Apartments | Unit 308, G | $1,950 | $1,800 | $150 |
| Thirteen15 Apartments | Unit 614, A | $1,650 | $1,500 | $150 |
Rent by Neighborhood in New Orleans, LA
Compare average rent across New Orleans, LA neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Lower Garden District | $2,343 | $1,382 | 5 | 26 |
| Central City | $2,337 | $1,497 | 5 | 66 |
| Tulane - Gravier | $1,931 | $965 | 7 | 88 |
| Marlyville - Fontainebleau | $1,836 | $1,195 | 2 | 18 |
| Bayou St. John | $1,659 | $1,456 | 1 | 23 |
| Uptown/Carrollton | $1,570 | $1,550 | 1 | 3 |
Is Rent Going Up or Down in New Orleans, LA?
As of July 2026, the average rent in New Orleans, LA is $2,058 per month across 21 apartment communities and 224 available units. Rents have decreased $343 (14.8%) over the past month.
The most affordable option is Canal 1535 starting at $965/mo. By unit type, a studio averages $1,944/mo, a 1-bedroom averages $1,935/mo, a 2-bedroom averages $2,509/mo, a 3-bedroom averages $1,862/mo, a 4-bedroom averages $1,575/mo.
Prices range from $965 to $6,000 per month. The most common price point is the $1,600 range, where 38 units are currently listed.
New Orleans, LA Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in New Orleans, LA
Rent Prices by Apartment in New Orleans, LA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Canal 1535 | $965/mo | $2,042/mo | 32 | 4.2 |
| Nola4Rent | $1,195/mo | $1,591/mo | 10 | 4.6 |
| Gravier Place Apartments | $1,203/mo | $1,935/mo | 3 | 3.2 |
| The Residences at LSU Health | $1,300/mo | $1,300/mo | 1 | 4.6 |
| Urban Vision Properties | $1,300/mo | $2,144/mo | 8 | 4.7 |
| 925 Common Luxury Apartments | $1,325/mo | $1,762/mo | 20 | 3.3 |
| The Woodward Loft Apartments | $1,382/mo | $1,382/mo | 1 | 3.9 |
Google Search Trends for New Orleans, LA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in New Orleans, LA
What is the average rent in New Orleans, LA?
Is rent going up or down in New Orleans, LA?
What is the cheapest apartment in New Orleans, LA?
How much is a 1-bedroom apartment in New Orleans, LA?
How many apartments are available in New Orleans, LA?
What salary do I need to live comfortably in New Orleans, LA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$82,000/year
Based on the 30 percent rule, using our tracked average rent of $2,058/mo.
Comfortable income
$99,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($965/mo), you need to earn at least $39,000/year.
Median household income in New Orleans, LA is $55,339 , about 44% below the comfortable-living threshold.
Cost of living in New Orleans, LA
Overall prices in New Orleans, LA runs below the national average by about 9% (BEA Regional Price Parity index 91.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by New Orleans, LA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,058 |
| Utilities | $334 |
| Groceries | $502 |
| Transportation | $797 |
| Healthcare | $389 |
| Other goods and services | $622 |
| Estimated total | $4,702/mo |
Population
376,035
Median household income
$55,339
Census median rent
$1,211/mo
Rent as % of income
35.4%
Median age
38.4
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore New Orleans, LA Apartments
Browse all 21 communities with daily-updated pricing and availability.