Average Rent in New Orleans, LA
What is the average rent in New Orleans, LA?
The average listed apartment rent in New Orleans, LA is $2,035 per month, as of October 19, 2026. This sample includes 183 priced apartments in 17 buildings. These are tracked asking prices, not signed leases.
We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from October 16, 2026 through October 19, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.
17 apartment buildings, 183 units. Recorded asking prices and price history where available.
Browse apartments in New Orleans, LACheapest
$943/mo
Gravier Place Apartments
Properties
17
tracked daily
Units
183
available now
New Orleans, LA Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 17 properties in New Orleans, LA.
Average rent trend, last 3 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
New Orleans, LA Rent Prices
All 17 properties ranked by lowest available rent.
Gravier Place Apartments
837 Gravier St, New Orleans, LA 70112, USA
City Square 162 Apartments
1501 St Louis St, New Orleans, LA 70112, USA
Marrero Commons
1100 S Tonti St, New Orleans, LA 70125, USA
Bienville Basin Apartments
401 Treme St, New Orleans, LA 70112, USA
2424 Tulane Apartments
2424 Tulane Ave, New Orleans, LA 70119, USA
925 Common Luxury Apartments
925 Common St, New Orleans, LA 70112, USA
Thirteen15 Apartments
1315 Gravier St, New Orleans, LA 70112, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Gravier Place Apartments 837 Gravier St, New Orleans, LA 70112, USA | $943 | $1,328 | $2.05/ft² | 3.2 (20) | 4 |
| 2 | City Square 162 Apartments 1501 St Louis St, New Orleans, LA 70112, USA | $997 as of Sep 30 | $1,253 | $1.59/ft² | 4.1 (8) | 2 |
| 3 | Marrero Commons 1100 S Tonti St, New Orleans, LA 70125, USA | $1,063 | $1,263 | $1.09/ft² | 3.7 (124) | 5 |
| 4 | Bienville Basin Apartments 401 Treme St, New Orleans, LA 70112, USA | $1,200 as of Oct 11 | $1,200 | $1.84/ft² | 3.8 (138) | 1 |
| 5 | 2424 Tulane Apartments 2424 Tulane Ave, New Orleans, LA 70119, USA | $1,223 | $1,417 | $2.00/ft² | 4.4 (108) | 23 |
| 6 | 925 Common Luxury Apartments 925 Common St, New Orleans, LA 70112, USA | $1,325 as of Oct 2 | $1,822 | $2.19/ft² | 3.3 (64) | 18 |
| 7 | Thirteen15 Apartments 1315 Gravier St, New Orleans, LA 70112, USA | $1,395 | $1,741 | $3.24/ft² | 4.8 (16) | 11 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
Gravier Place Apartments
3.2 (20)837 Gravier St, New Orleans, LA 70112, USA
City Square 162 Apartments
4.1 (8)1501 St Louis St, New Orleans, LA 70112, USA
Marrero Commons
3.7 (124)1100 S Tonti St, New Orleans, LA 70125, USA
Bienville Basin Apartments
3.8 (138)401 Treme St, New Orleans, LA 70112, USA
2424 Tulane Apartments
4.4 (108)2424 Tulane Ave, New Orleans, LA 70119, USA
925 Common Luxury Apartments
3.3 (64)925 Common St, New Orleans, LA 70112, USA
By Area
New Orleans, LA neighborhoods
Tracked buildings across 5 named neighborhoods. Pick one to see its apartments.
New Orleans, LA Average Rent Prices 2026
The average listed rent in New Orleans, LA is $2,035 per month, based on 183 units across 17 apartment communities. Prices range from $943 at Gravier Place Apartments to $6,000 at The Odeon at South Market.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,559/mo | $1,395/mo | 5 |
| 1 Bed | $1,798/mo | $943/mo | 124 |
| 2 Bed | $2,732/mo | $1,063/mo | 44 |
| 3 Bed | $2,053/mo | $1,213/mo | 3 |
| 4 Bed | $1,337/mo | $1,337/mo | 1 |
We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage.
Building Economics
How much do New Orleans, LA apartments earn?
The 5 buildings we can estimate generate about $1.6M in rental revenue per month ($19M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Asking / Leased | Est. Occupancy | Units |
|---|---|---|---|---|
| 1.The Residences at LSU Health | $615K/mo | 100% | 473 | |
| 2.The Julia at Saint Charles | $363K/mo | $2,124 / $1,964 | 93% | 198 |
| 3.2424 Tulane Apartments | $254K/mo | $1,417 / $1,664 | 89% | 202 |
| 4.The Annex – French Quarter Apartments | $253K/mo | $3,042 / $3,017 | 97% | 87 |
| 5.Josephine Lofts | $68K/mo | $2,375 / $1,956 | 97% | 36 |
Research estimates from listing activity, not operator financials. Asking is the average listed rent; leased is the average rent at which units left the market. Click any building for the full revenue breakdown and methodology.
Market Context
Who rents in New Orleans, LA, and what they pay
Tracked one-bedroom rent in New Orleans, LA averages $1,798/mo, with two-bedroom units averaging $2,732/mo. At the local median household income of $55,339, that works out to 44% of gross income, a severely rent-burdened market by HUD standards.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in New Orleans, LA at $1,211/mo. The current tracked market average runs 68% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in New Orleans, LA while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in New Orleans
Demand in the New Orleans rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- Ochsner Health
- LCMC Health
- Entergy
- Tulane University
Mean one-way commute in New Orleans, LA is 23 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
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
$81,000/year
Based on the 30 percent rule, using our tracked average rent of $2,035/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 ($943/mo), you need to earn at least $38,000/year.
Median household income in New Orleans, LA is $55,339 , about 43% 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) | $2,035 |
| Utilities | $334 |
| Groceries | $502 |
| Transportation | $797 |
| Healthcare | $389 |
| Other goods and services | $622 |
| Estimated total | $4,679/mo |
Population
376,035
Median household income
$55,339
Census median rent
$1,211/mo
Census rent burden
35.4%
Median age
38.4
Mean commute
23 min
Methodology
Rent data
We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.
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
We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.
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.
Compare
Nearby cities in Louisiana
How New Orleans, LA rent compares to other markets in the state.
| City | Avg Rent | vs New Orleans, LA | 30-Day Change | Properties |
|---|---|---|---|---|
| Lafayette, LA | $1,084 | -47% | -12.2% | 17 |
| Baton Rouge, LA | $1,424 | -30% | -18.5% | 9 |
| Monroe, LA | $1,487 | -27% | +6% | 9 |
| Kenner, LA | $1,131 | -44% | -2.6% | 7 |
| Lake Charles, LA | $1,907 | -6% | +12.7% | 6 |
| Shreveport, LA | $1,258 | -38% | +3.3% | 6 |
Frequently asked questions
What is the average rent in New Orleans, LA?
The average listed apartment rent in New Orleans, LA is $2,035 per month, as of October 19, 2026. This sample includes 183 priced apartments in 17 buildings. These are tracked asking prices, not signed leases.
What is the median rent in New Orleans, LA?
The median asking rent in New Orleans, LA is $1,871 per month, computed from 183 priced listings; check the observation dates shown on this page. The average is $2,035/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in New Orleans, LA?
The lowest available rent in New Orleans, LA starts at $943 per month. Confirm current availability, fees, and lease terms with the selected listing.
How much is a 1-bedroom apartment in New Orleans, LA?
1-bedroom apartments in New Orleans, LA average $1,798/mo. The lowest listed 1-bedroom starts at $943/mo across 124 units tracked.
How much is a 2-bedroom apartment in New Orleans, LA?
2-bedroom apartments in New Orleans, LA average $2,732/mo. Units start from $1,063/mo across 44 units currently listed.
Rent Trends in New Orleans, LA
Track how apartment prices are changing over time.
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