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Average Rent in New Orleans, LA

11 apartment buildings, 115 units. Real asking prices, refreshed daily.

Avg Rent

$2,010/mo

Cheapest

$1,095/mo

Properties

11

Units

115

New Orleans, LA Resident Access

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Analysis

Rent Price Breakdown

Compare pricing across all 11 properties in New Orleans, LA.

Average Rent by Property

Starting Price vs Average

Rent by Bedroom Count

Price per Square Foot

New Orleans, LA Rent Prices

All 11 properties ranked by lowest available rent.

Explore Each Property

New Orleans, LA Average Rent Prices 2026

The average rent in New Orleans, LA is $2,010 per month, based on 115 units across 11 apartment communities. Prices range from $1,095 at Nola4Rent to $4,325 at The Garage.

Average Rent by Bedroom Type

Type Avg Rent Starting From Units
Studio $1,869/mo $1,395/mo 18
1 Bed $1,706/mo $1,095/mo 62
2 Bed $2,661/mo $1,195/mo 34
3 Bed $1,263/mo $1,263/mo 1

Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.

Market Context

Who rents in New Orleans, LA, and what they pay

Tracked one-bedroom rent in New Orleans, LA averages $1,706/mo, with two-bedroom units averaging $2,661/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 66% 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

$80,000/year

Based on the 30 percent rule, using our tracked average rent of $2,010/mo.

Comfortable income

$96,000/year

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

To afford the cheapest tracked apartment ($1,095/mo), you need to earn at least $44,000/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) $2,010
Utilities $334
Groceries $502
Transportation $797
Healthcare $389
Other goods and services $622
Estimated total $4,654/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.

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Nearby cities in Louisiana

How New Orleans, LA rent compares to other markets in the state.

City Avg Rent vs New Orleans, LA Properties
Lafayette, LA $1,191 -41% 10
Baton Rouge, LA $1,574 -22% 8
Kenner, LA $1,215 -40% 6
Shreveport, LA $1,260 -37% 5
Lake Charles, LA $1,267 -37% 5

Frequently asked questions

What is the average rent in New Orleans, LA?

The average rent in New Orleans, LA is $2,010 per month, based on 115 units across 11 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.

What is the cheapest apartment rent in New Orleans, LA?

The lowest available rent in New Orleans, LA starts at $1,095 per month. Availability changes daily as leasing data is refreshed each morning.

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

1-bedroom apartments in New Orleans, LA average $1,706/mo. The lowest listed 1-bedroom starts at $1,095/mo across 62 units tracked.

How much is a 2-bedroom apartment in New Orleans, LA?

2-bedroom apartments in New Orleans, LA average $2,661/mo. Units start from $1,195/mo across 34 units currently listed.

Rent Trends in New Orleans, LA

Track how apartment prices are changing over time.

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