Last updated
Average Rent in Central City & Rent Trends
Rent prices and market trends across 2 apartment communities in Central City, New Orleans, LA. Updated daily.
Market Average
$2,183/mo
▲ +5.2% from last month
Lowest Available
$1,544/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
10
available now
Central City vs New Orleans, LA Average
Central City is more expensive the New Orleans, LA average by $173/mo (9%). The citywide average is $2,010/mo across all neighborhoods.
Is Rent Going Up or Down in Central City?
As of June 2026, the average rent in Central City is $2,183 per month across 2 apartment communities and 10 available units. Rents have increased $111 (5.2%) over the past month.
The most affordable option is The Odeon at South Market starting at $1,544/mo. By unit type, a studio averages $2,183/mo.
Prices range from $1,544 to $2,943 per month. The most common price point is the $1,600 range, where 3 units are currently listed.
Central City Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Central City
Rent Prices by Apartment in Central City
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Odeon at South Market | $1,544/mo | $1,544/mo | 1 | 4.9 |
| The Paramount at South Market | $1,630/mo | $2,254/mo | 9 | 4.9 |
Google Search Trends for Central City Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Central City
What is the average rent in Central City?
Is rent going up or down in Central City?
What is the cheapest apartment in Central City?
How many apartments are available in Central City?
What salary do I need to live comfortably in Central City?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$87,000/year
Based on the 30 percent rule, using our tracked average rent of $2,183/mo.
Comfortable income
$105,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,544/mo), you need to earn at least $62,000/year.
Median household income in Central City is $55,339 , about 47% below the comfortable-living threshold.
Cost of living in Central City
Overall prices in Central City 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 Central City's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,183 |
| Utilities | $334 |
| Groceries | $502 |
| Transportation | $797 |
| Healthcare | $389 |
| Other goods and services | $622 |
| Estimated total | $4,827/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 Central City Apartments
Browse all 2 communities with daily-updated pricing and availability.