Average Rent in New Orleans LA
3 apartment buildings, 47 units. Real prices pulled from each property's leasing system this morning.
Avg Rent
$1,734/mo
market average
Cheapest
$1,383/mo
2424 Tulane Apartments
Properties
3
tracked daily
Units
47
available now
Analysis
Rent Price Breakdown
Compare pricing across all 3 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 3 properties ranked by lowest available rent.
2424 Tulane Apartments
2424 Tulane Ave, New Orleans, LA 70119, USA
Thirteen15 Apartments
1315 Gravier St, New Orleans, LA 70112, USA
Nola4Rent
7835 Maple St, New Orleans, LA 70118, USA
| # | Property | From ▼ | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | 2424 Tulane Apartments 2424 Tulane Ave, New Orleans, LA 70119, USA | $1,383 | $1,602 | $2.12 | 4.4 | 25 |
| 2 | Thirteen15 Apartments 1315 Gravier St, New Orleans, LA 70112, USA | $1,400 | $1,884 | $3.71 | 4.8 | 22 |
| 3 | Nola4Rent 7835 Maple St, New Orleans, LA 70118, USA | -- | -- | -- | 4.6 | 0 |
Explore Each Property
New Orleans LA Average Rent Prices 2026
The average rent in New Orleans LA is $1,734 per month, based on 47 units across 3 apartment communities. Prices range from $1,383 at 2424 Tulane Apartments to $1,400 at Thirteen15 Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,495/mo | $1,400/mo | 11 |
| 1 Bed | $1,654/mo | $1,383/mo | 24 |
| 2 Bed | $2,113/mo | $1,803/mo | 12 |
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 $1,654/mo, with two-bedroom units averaging $2,113/mo. At the local median household income of $55,339, that works out to 38% of gross income — above the 30 percent affordability ceiling — a stretched-budget market.
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 43% 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
$69,000/year
30 percent rule — using our average rent of $1,734/mo.
Comfortable income
$83,000/year
25 percent rule — leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,383/mo), you need to earn at least $55,000/year.
Median household income in New Orleans LA is $55,339 — about 34% 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) | $1,734 |
| Utilities | $334 |
| Groceries | $502 |
| Transportation | $797 |
| Healthcare | $389 |
| Other goods and services | $622 |
| Estimated total | $4,378/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 is 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 for utilities, groceries, transportation, healthcare, and other goods and services 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, 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.
Rent Trends in New Orleans LA
Track how apartment prices are changing over time.
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