Rental market snapshot for Central Business District, New Orleans

Central Business District rental market summary

The rental market in Central Business District, Louisiana is showing signs of growth. In July 2023, there were 130 new listings, indicating an increase in demand for rental properties. The median rent for the month of July 2023 was $2,099, which is 8.0% lower than the median rent in June 2023 and 10.5% lower than the median rent in July 2022. This suggests that rental prices are becoming more affordable in the area, making it an attractive option for renters.

Overall, the rental market in Central Business District, Louisiana appears to be on the rise. With an increasing number of listings and more affordable rental prices, the area is becoming an increasingly attractive option for renters. This trend is likely to continue in the coming months, making Central Business District an ideal location for those looking for a new home.

Median rent for all residential properties in Central Business District

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The most expensive listings and top trending buildings in Central Business District

Most Expensive Listings

AddressRent PriceBed / Bath
730 Julia St$5,2052 / 2.5
909 Gravier St$5,1022 / 2.0
210 Baronne St$4,1712 / 2.0
1001 Julia St$3,7001 / 1.0
700 S Peters St$3,5002 / 2.0

Top Trending Buildings

building nameavg rent price
Stephens Garage Building$2,450
Passco Companies$2,266
Audubon Capital Partners$1,947
Kailas Companies LLC$1,725
HRI Management LLC$1,451

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Bedroom Breakdown in Central Business District

Studio
$1,508
MEDIAN RENT
1 Bedroom
$1,930
MEDIAN RENT
2 Bedroom
$2,889
MEDIAN RENT

Central Business District neighborhood apartments rents

The rental market for studios in Central Business District, Louisiana appears to be stable, with only two new listings in July 2023 and a median rent of $1,508. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, the rental market for studios in Central Business District appears to be steady and stable.

The rental market for 1-bedroom apartments in Central Business District, Louisiana is showing signs of growth. In July 2023, there were 35 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,930, a 3.0% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Central Business District, Louisiana is showing signs of growth and increased competition.

The rental market for 2-bedroom apartments in Central Business District, Louisiana is showing signs of growth. In July 2023, there were 13 new 2-bedroom listings, a 2.2% increase in median rent from June 2023 to July 2023, and a median rent of $2,889. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.

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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 2023-07-31, the median rent in Central Business District is $2,099.
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