Rental market snapshot for Lower Garden District, New Orleans
Lower Garden District rental market summary
The rental market in Lower Garden District, Louisiana is showing signs of growth. In July 2023, there were 160 new listings, a 5% increase from the previous month. This is a positive sign for the rental market in the area, as it indicates that more people are looking to rent in the area. The median rent also increased by 5% from June 2023 to July 2023, from $2,000 to $2,100. This is a significant increase from the median rent in July 2022, which was also $2,000.
Overall, the rental market in Lower Garden District, Louisiana is showing signs of growth. The number of new listings and the median rent have both increased in the past year, indicating that more people are looking to rent in the area. This is a positive sign for the rental market in the area, and it is likely that the trend will continue in the future.
Median rent for all residential properties in Lower Garden District
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The most expensive listings and top trending buildings in Lower Garden District
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
1107 S Peters St | $6,000 | 3 / 2.5 |
920 Poeyfarre St | $5,000 | 2 / 2.0 |
1111 S Peters St | $4,850 | 2 / 2.5 |
920 Poeyfarre St | $4,595 | 4 / 2.0 |
840 Tchoupitoulas St | $4,500 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Greystar Real Estate Partners LLC | $1,648 |
HRI Management LLC | $1,485 |
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Bedroom Breakdown in Lower Garden District
Lower Garden District neighborhood apartments rents
The rental market for studios in Lower Garden District, Louisiana, remains relatively stable in July 2023, with only one new studio listing and no change in median rent from June 2023 to July 2023. This indicates that the rental market in Lower Garden District is relatively stable and that there is not much fluctuation in the rental prices for studios.
The rental market for 1-bedroom apartments in Lower Garden District, Louisiana is showing signs of stability. In July 2023, there were 8 new 1-bedroom listings, and the median rent for 1-bedroom apartments only increased by 1.2% from June 2023 to July 2023, from $1,696 to $1,675. This indicates that the rental market is not experiencing any drastic changes, and that the prices of 1-bedroom apartments are staying relatively consistent.
The rental market for 2-bedroom apartments in Lower Garden District, Louisiana is showing signs of growth. In July 2023, there were 6 new 2-bedroom listings, a 37.4% increase in rent from June 2023 to July 2023, and a median rent of $2,192. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.