Rental market snapshot for New Orleans, Louisiana

New Orleans, Louisiana Rental Property Market Overview

New Orleans, Louisiana is a vibrant and diverse city with a population of 376,971 as of 2021, according to the US Census. It is known for its unique culture, music, and cuisine, as well as its rich history and architecture. The city is home to a variety of attractions, including the French Quarter, the Garden District, and the Mississippi River. New Orleans is also home to many festivals and events, such as Mardi Gras and Jazz Fest. With its vibrant culture, delicious food, and unique attractions, New Orleans is a great place to visit.

The average rent for an apartment in New Orleans is $1,953. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in New Orleans Louisiana | Cost of Living

  • The most expensive ZIP code in New Orleans is 70113 with an average price of $2,452.
  • The cheapest ZIP code in New Orleans is 70127 with an average price of $1,221.

New Orleans ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
170113$2,452
270112$2,307
370130$2,262
470116$2,072
570124$2,061
670117$2,034
770115$2,005
870118$1,990
970119$1,796
1070125$1,783

Live near New Orleans, Louisiana's Top Sights and Attractions

City Park is a sprawling 1,300-acre urban oasis located in the heart of the city. It is home to a variety of attractions, including a botanical garden, an amusement park, a golf course, and a sculpture garden. Visitors can also enjoy a variety of outdoor activities such as biking, jogging, and picnicking. The park also hosts a number of festivals and events throughout the year, including the popular Voodoo Music + Arts Experience.

Behrman Park is a large outdoor recreational area located in the heart of a bustling city. It features a variety of activities for visitors, including a playground, walking trails, a fishing pier, and a large open field for sports and other activities. The park also has a picnic area, a pavilion, and a gazebo. The park is surrounded by lush greenery and is a great place to relax and enjoy the outdoors.

Lakeshore Park is a scenic outdoor destination located on the banks of Lake Pontchartrain. It features a variety of recreational activities, including fishing, biking, and walking trails. There are also picnic areas, playgrounds, and a beach area. The park is a great spot to take in the stunning views of the lake and the surrounding area.

Louis Armstrong Park is a 30-acre public park located in the Tremé neighborhood of New Orleans. It is named after the famous jazz musician Louis Armstrong, and features a variety of attractions, including a large amphitheater, a playground, a walking path, and a lake with a fountain. The park also contains a number of monuments and sculptures honoring Armstrong and other jazz musicians, as well as a museum dedicated to the history of jazz in New Orleans. The park is a popular destination for locals and visitors alike, and is a great place to relax and enjoy the sights and sounds of the city.

Congo Square is a historic public space located in the Tremé neighborhood of New Orleans. It is a large open area surrounded by trees and is known for its cultural and musical significance. It was once a gathering place for enslaved Africans and free people of color, who would come together to dance, sing, and play music. Today, it is a popular destination for tourists and locals alike, who come to experience the vibrant culture and history of the area.

Audubon Park is a lush, sprawling green space located in the heart of the city. It features a picturesque 1.8-mile jogging path, a tranquil lagoon, and a golf course. The park also boasts a playground, tennis courts, and a dog park. Visitors can also enjoy the lush gardens, a bird sanctuary, and a carousel. The park is a popular spot for locals and visitors alike, offering a peaceful escape from the hustle and bustle of the city.

Samuel Square Playspot is an outdoor playground located in a vibrant neighborhood. It features a variety of play structures, including a large castle-like structure with slides, tunnels, and a rock-climbing wall. There is also a sandbox, swings, and a splash pad with water jets and fountains. The park also has a picnic area with tables and benches, as well as a large grassy area for running and playing.

Lake Oaks Park is a tranquil and picturesque park located in the heart of a bustling city. It features a large lake surrounded by lush greenery and walking trails, perfect for a peaceful stroll or a leisurely picnic. The park also has a playground, a pavilion, and a fishing pier, making it a great spot for families to enjoy. Visitors can also take in the stunning views of the lake and its surrounding area from the observation deck.

New Orleans Jazz National Historical Park is a cultural attraction that celebrates the history and influence of jazz music in the United States. Visitors can explore the park's interactive exhibits, which feature artifacts, photographs, and audio recordings of some of the most influential jazz musicians in history. The park also offers educational programs, live music performances, and guided tours of the city's jazz clubs and other historic sites.

Joe Brown Park is a large outdoor recreational area located in the heart of the city. It features a variety of activities, including a large lake with a fishing pier, a playground, a picnic area, and a walking trail. There are also several sports fields, including baseball, softball, and soccer, as well as a disc golf course. The park is a popular spot for locals and visitors alike, and is a great place to spend a day outdoors.

New Orleans, Louisiana area median rent change by ZIP code map

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How does New Orleans compare to other cities in Louisiana?

citymedian price
Youngsville$1,675
Sulphur$1,549
Leesville$1,475
Bossier City$1,286
Jefferson$1,000
DeRidder$1,000
Shreveport$1,000
Alexandria$834
Baker$750

Average household income in New Orleans area graph - US Census

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The median household income in New Orleans in 2021 was $45,594. This represents a 24.3% change from 2011 when the median was $36,681.

#categorypercent
0Less than $10,00013.4%
1$10,000 to $14,9997.0%
2$15,000 to $19,9996.8%
3$20,000 to $24,9995.9%
4$25,000 to $29,9995.8%
5$30,000 to $34,9994.8%
6$35,000 to $39,9993.6%
7$40,000 to $44,9993.9%
8$45,000 to $49,9993.3%
9$50,000 to $59,9996.5%
10$60,000 to $74,9998.0%
11$75,000 to $99,9999.6%
12$100,000 to $124,9996.1%
13$125,000 to $149,9993.9%
14$150,000 to $199,9995.3%
15$200,000 or more6.2%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in New Orleans is $1,953.
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