Last updated August 24, 2026

Average Rent in New Orleans, LA & Rent Trends

Rent prices and market trends across 21 apartment communities in New Orleans, LA. Updated daily.

Area All Areas Bayou St. John Central City Lower Garden District Marlyville - Fontainebleau Tulane - Gravier Uptown/Carrollton

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed 4 Bed

Market Average

$2,050/mo

▼ 12.7% from last month

Lowest Available

$990/mo

cheapest unit on market

Communities

tracked daily

Units Listed

168

available now

Price Cuts This Week in New Orleans, LA

61 listed units across 8 buildings in New Orleans, LA dropped their asking rent in the past 7 days, an average cut of $90/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
The Julia at Saint Charles	Unit 243	$2,955	$2,688	$267
The Julia at Saint Charles	Unit 442	$1,752	$1,536	$216
The Julia at Saint Charles	Unit 241	$1,723	$1,509	$214
The Julia at Saint Charles	Unit 317	$2,967	$2,754	$213
The Julia at Saint Charles	Unit 235	$3,028	$2,816	$212
930 Poydras Apartments	Unit 6	$1,725	$1,525	$200
The Julia at Saint Charles	Unit 448	$1,752	$1,573	$179
930 Poydras Apartments	Unit 5	$1,895	$1,725	$170

See today's prices on all 168 listed units

Rent by Neighborhood in New Orleans, LA

Compare average rent across New Orleans, LA neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map

Neighborhood	Avg Rent	30d Change	From	Properties	Units
Central City	$2,377	▲ $152	$1,525	5	57
Lower Garden District	$2,110	▼ $310	$1,378	4	30
Tulane - Gravier	$1,950	▲ $98	$990	9	54
Uptown/Carrollton	$1,570	$0	$1,550	1	3
Bayou St. John	$1,531	-	$1,385	1	15
Marlyville - Fontainebleau	$1,413	▼ $370	$1,125	1	9

Is Rent Going Up or Down in New Orleans, LA?

As of August 2026, the average rent in New Orleans, LA is $2,050 per month across 21 apartment communities and 168 available units. Rents have decreased $242 (12.7%) over the past month.

The most affordable option is The Residences at LSU Health starting at $990/mo. By unit type, a studio averages $1,500/mo, a 1-bedroom averages $1,886/mo, a 2-bedroom averages $2,572/mo, a 3-bedroom averages $2,109/mo, a 4-bedroom averages $1,575/mo.

Prices range from $990 to $6,000 per month. The most common price point is the $1,600 range, where 35 units are currently listed.

New Orleans, LA Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
May 2026	$2,248	-	12
June 2026	$2,109	-$139	18
July 2026	$1,955	-$154	22
August 2026	$2,001	+$46	22

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in New Orleans, LA

Studio

$1,500

from $1,125 · 8 units

1 Bed

$1,886

from $1,150 · 109 units

2 Bed

$2,572

from $997 · 44 units

3 Bed

$2,109

from $990 · 5 units

4 Bed

$1,575

from $1,550 · 2 units

Rent Prices by Apartment in New Orleans, LA

Property	Starting at	Average	Units	Rating
The Residences at LSU Health	$990/mo	$1,301/mo	5	4.6
City Square 162 Apartments	$997/mo	$1,253/mo	2	4.1
Gravier Place Apartments	$1,043/mo	$1,043/mo	1	3.2
Nola4Rent	$1,125/mo	$1,413/mo	9	4.6
Bienville Basin Apartments	$1,200/mo	$1,200/mo	1	3.8
925 Common Luxury Apartments	$1,325/mo	$1,804/mo	17	3.3
The Woodward Loft Apartments	$1,378/mo	$1,378/mo	1	3.9
2424 Tulane Apartments	$1,385/mo	$1,531/mo	15	4.4
The Strand	$1,394/mo	$1,680/mo	2	3.8
The Julia at Saint Charles	$1,509/mo	$1,960/mo	20	4.3
930 Poydras Apartments	$1,525/mo	$2,174/mo	6	4.5
The Paramount at South Market	$1,543/mo	$2,039/mo	23	4.9
Marrero Commons	$1,550/mo	$1,570/mo	3	3.7
Thirteen15 Apartments	$1,560/mo	$2,127/mo	10	4.8
Josephine Lofts	$1,650/mo	$2,224/mo	5	4.2
The Beacon at South Market	$1,976/mo	$2,321/mo	3	4.9
The Odeon at South Market	$1,983/mo	$2,724/mo	24	4.9
Canal 1535	$2,008/mo	$2,264/mo	13	4.2
The Garage	$2,150/mo	$2,894/mo	4	4.8
The Annex – French Quarter Apartments	$2,400/mo	$3,098/mo	3	4.2
Civic Lofts Apartments	$3,250/mo	$3,250/mo	1	5

Frequently Asked Questions About Rent in New Orleans, LA

What is the average rent in New Orleans, LA?

The average rent in New Orleans, LA is $2,050 per month as of August 2026, based on 168 units across 21 apartment communities.

Is rent going up or down in New Orleans, LA?

Rent in New Orleans, LA has decreased $242 (12.7%) over the past month. The current average is $2,050/mo.

What is the cheapest apartment in New Orleans, LA?

The most affordable apartment in New Orleans, LA is The Residences at LSU Health with units starting at $990/mo.

How much is a 1-bedroom apartment in New Orleans, LA?

A 1-bedroom apartment in New Orleans, LA averages $1,886/mo, with prices starting at $1,150/mo across 109 available units.

How many apartments are available in New Orleans, LA?

There are 168 units available across 21 apartment communities 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 $2,050/mo.

Comfortable income

$98,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($990/mo), you need to earn at least $40,000/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	Source
Rent (market average)	$2,050	daily refresh
Utilities	$334	BLS × BEA RPP
Groceries	$502	BLS × BEA RPP
Transportation	$797	BLS × BEA RPP
Healthcare	$389	BLS × BEA RPP
Other goods and services	$622	BLS × BEA RPP
Estimated total	$4,694/mo	$56,332/year

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.

Louisiana Rent Trends

Compare rent across all Louisiana cities

New Orleans, LA Neighborhood Rent Map

See rent history by neighborhood on a map

Explore New Orleans, LA on Map

See neighborhoods and rent data interactively

US-wide rent comparison

See how New Orleans, LA rents stack up against the national median