Rental market snapshot for Seventh Ward, New Orleans
Seventh Ward rental market summary
The rental market in Seventh Ward, Louisiana, is showing signs of growth. In July 2023, there were 82 new listings, a 5.0% increase from the previous month. This is a sign that the rental market is becoming more active. The median rent in July 2023 was $1,425, a 14.0% increase from the same time last year. This is a clear indication that rental prices are on the rise in Seventh Ward.
Overall, the rental market in Seventh Ward is becoming more competitive and expensive. With more listings and higher prices, renters should be prepared to act quickly when they find a property they like. With the right strategy, renters can still find a great deal in Seventh Ward.
Median rent for all residential properties in Seventh Ward
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The most expensive listings and top trending buildings in Seventh Ward
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1445 N Rocheblave St | $3,500 | 3 / 2.0 |
| 1457 N Prieur St | $3,009 | 3 / 2.0 |
| 2106 Marais St | $2,900 | 2 / 2.0 |
| 1468 N Miro St | $2,150 | 2 / 1.5 |
| 1206C N Rampart St | $2,100 | 2 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Zillow | $1,250 |
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Bedroom Breakdown in Seventh Ward
Seventh Ward neighborhood apartments rents
The rental market for studios in Seventh Ward, Louisiana appears to be relatively stable. In January 2023, there were two new studio listings, with a median rent of $1,075. Unfortunately, no data is available for December 2022, so it is not possible to determine the percent change in rent from that month. However, the relatively low number of new listings and the stable median rent suggest that the rental market for studios in Seventh Ward is not experiencing any significant changes.
The rental market for 1-bedroom apartments in Seventh Ward, Louisiana is showing signs of growth. In May 2023, there was only one new listing, but the median rent for 1-bedroom apartments increased by 33.3% from April 2023 to May 2023, from $938 to $1,250. This suggests that demand for 1-bedroom apartments is increasing, and that the rental market is becoming more competitive.
The rental market for 2-bedroom apartments in Seventh Ward, Louisiana appears to be relatively stable, with only one new listing in July 2023 and a median rent of $950. Unfortunately, no data is available for June 2023, so it is impossible to determine the percent change in rent from that month. Overall, it appears that the rental market for 2-bedroom apartments in Seventh Ward is relatively stable and affordable.