Rental market trends in New Orleans, LA

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Average Rent in New Orleans, LA

Avg. Rent	Annual Change
Studio - $1,102	+9%
1 Bed - $1,576	0%
2 Beds - $1,722	-16%

Last updated 3/22/2023

Average Apartment Cost in New Orleans, LA

The average rent for apartments in New Orleans, LA, is between $1,102 and $1,722 in 2023. For a studio apartment in New Orleans, LA, the average rent is $1,102. When it comes to 1-bedroom apartments, the average rent in New Orleans, LA, is $1,576. For a 2-bedroom apartment, the average rent is $1,722.

Apartment Rent Ranges in New Orleans, LA

	Apartment Prices Proportion

		1%			6%			28%			25%			40%

Neighborhood Apartment Rent Trends in New Orleans, LA

Neighborhood	Studio Avg Rent	Annual Change
Lower Garden District	$1,290	+2%
Leonidas	$1,165	--
Palmer Park	$1,165	--
French Quarter	$1,150	--
Broadmoor	$1,100	--
Irish Channel	$1,100	--
East Riverside	$1,100	--
French Quarter - CBD	$1,015	0%
Central Business District	$1,015	0%
Seventh Ward	$1,000	+54%
Mid-City New Orleans	$995	--
Fairgrounds	$995	--
Garden District	$925	-54%
Uptown and Carrollton	$850	--
West Riverside	$850	--
East Carrollton	$750	--
Algiers	$737	0%
Tall Timbers - Brechtel	$737	0%
Lower Ninth Ward	$674	0%

Neighborhood	1 Bed Avg Rent	Annual Change
French Quarter	$2,222	-8%
Irish Channel	$2,200	+63%
Bourbon Street	$2,182	-21%
Warehouse District	$2,100	-16%
Audubon	$1,950	+50%
French Quarter - CBD	$1,900	+7%
Central Business District	$1,888	+14%
Gert Town	$1,772	+14%
Lower Garden District	$1,767	-2%
East Riverside	$1,750	--
Bywater	$1,700	--
Mid-City	$1,630	+1%
Garden District	$1,600	-15%
Lafayette Square	$1,600	-18%
Milan	$1,600	+10%
Leonidas	$1,550	+29%
Mid-City New Orleans	$1,534	-3%
Tulane - Gravier	$1,534	-18%
Uptown and Carrollton	$1,500	+25%
Gentilly	$1,500	--
East Carrollton	$1,500	--
Marigny	$1,475	--
Uptown	$1,400	--
Lakeview Park	$1,400	--
West Riverside	$1,350	--
St. Anthony	$1,300	--
Lakeview	$1,250	--
Broadmoor	$1,250	--
City Park	$1,250	--
Fairgrounds	$1,227	+23%
Esplanade Ridge Historic District	$1,200	--
Seventh Ward	$1,200	--
Bayou St. John	$1,100	--
Old Aurora	$1,092	--
Central City	$1,025	0%
Faubourg Lafayette	$1,025	0%
St. Charles Avenue	$1,000	--
Lower Ninth Ward	$988	--
Bywater District	$975	--
Algiers	$915	+13%
Holly Grove	$875	-37%
Tall Timbers - Brechtel	$857	+7%
Algiers Point	$850	0%
New Orleans East	$825	+18%
Little Woods	$700	0%

Neighborhood	2 Beds Avg Rent	Annual Change
Central Business District	$3,505	-31%
French Quarter - CBD	$3,222	-18%
Warehouse District	$3,000	--
French Quarter	$2,940	-9%
Lower Garden District	$2,865	+8%
Esplanade Ridge Historic District	$2,600	+44%
Marigny	$2,500	+39%
Bayou St. John	$2,500	--
Garden District	$2,450	+3%
Tulane - Gravier	$2,285	-14%
Irish Channel	$2,250	+32%
St. Charles Avenue	$2,200	+38%
East Carrollton	$2,200	--
Algiers Point	$2,000	--
Audubon	$1,950	+9%
City Park	$1,800	--
West Riverside	$1,800	-55%
Broadmoor	$1,790	-17%
Uptown and Carrollton	$1,750	-5%
Mid-City New Orleans	$1,700	-17%
St. Bernard	$1,700	--
Leonidas	$1,690	-1%
Fairgrounds	$1,687	-6%
Palmer Park	$1,675	--
Lakeview	$1,650	+18%
Central City	$1,650	+38%
Faubourg Lafayette	$1,650	+38%
East Riverside	$1,650	--
Lakeview Park	$1,650	--
Mid-City	$1,500	-29%
Bywater District	$1,500	+25%
Milan	$1,500	--
West End	$1,500	+7%
Uptown	$1,350	-27%
Seventh Ward	$1,350	+13%
Holly Grove	$1,275	--
Old Aurora	$1,257	--
Algiers	$1,237	+32%
Bywater	$1,200	-17%
Pines	$1,200	--
Gentilly	$1,195	+20%
St. Roch	$1,195	+20%
Lower Ninth Ward	$1,195	--
St. Anthony	$1,195	--
Gert Town	$1,175	-35%
New Orleans East	$985	+20%
Tall Timbers - Brechtel	$962	+3%
Little Woods	$820	0%

How Other Cities Compare to New Orleans, LA

City	Studio Avg Rent	Annual Change
Kenner	$1,710	+68%
Slidell	$1,520	-2%
Gretna	$952	-12%
Covington	$950	--
Harvey	$935	--
Metairie	$906	-64%
Houma	$789	-25%
Hammond	$500	--

City	1 Bed Avg Rent	Annual Change
Slidell	$1,480	+79%
Covington	$1,411	-2%
Jefferson	$1,200	--
Mandeville	$1,187	+1%
River Ridge	$1,150	--
Hammond	$1,134	-14%
Marrero	$1,125	--
Metairie	$1,114	-10%
Picayune	$1,075	+46%
Houma	$1,025	+23%
Destrehan	$960	+13%
Thibodaux	$949	+21%
Gretna	$937	-8%
Chalmette	$925	--
Harvey	$899	+1%
Kenner	$865	+11%
Tickfaw	$700	+17%
Ponchatoula	$695	--

City	2 Beds Avg Rent	Annual Change
Slidell	$1,826	-4%
Covington	$1,777	-6%
Mandeville	$1,502	+10%
Metairie	$1,427	+12%
Destrehan	$1,400	+25%
Houma	$1,300	+28%
River Ridge	$1,300	--
Picayune	$1,287	-2%
Gretna	$1,286	+17%
Harvey	$1,162	+14%
Chalmette	$1,150	-4%
Thibodaux	$1,124	+7%
Luling	$1,075	--
Harahan	$1,050	--
Kenner	$1,030	+15%
Terrytown	$1,000	--
Ponchatoula	$1,000	--
Hammond	$975	+8%
Marrero	$850	+13%
Tickfaw	$750	+7%

New Orleans, LA Rent Trends

Studio	1 Bed	2 Beds
Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023
$1015	$1015	$1215	$1215	$1015	$1015	$1015	$1057	$1124	$1180	$1107	$1102	$1102
$1575	$1623	$1667	$1660	$1655	$1648	$1595	$1549	$1627	$1657	$1675	$1657	$1578
$2055	$2082	$2247	$2150	$2175	$2077	$2042	$2050	$1902	$1915	$1910	$1875	$1745
$1850	$2300	$2300	$2352	$2400	$2400	$1800	$1800	$1800	$1725	$1750	$1770	$2000

Neighborhood Information for New Orleans, LA

What are the most affordable neighborhoods in New Orleans, LA?

The most affordable neighborhoods in New Orleans are Little Woods, where the average 1-bedroom apartment rent goes for $700, New Orleans East, where renters pay $825 on average for a 1-bedroom apartment, and Algiers Point, where the average 1-bedroom apartment rent goes for $850. If you're looking for other great deals, check out the listings in Tall Timbers - Brechtel ($857 for a 1-bedroom apartment) or Holly Grove ($875 for a 1-bedroom apartment), compared to the $1,576 average for a New Orleans 1-bedroom apartment.