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Rental market trends in New Orleans, LA

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Average Rent in New Orleans, LA

Avg. RentAnnual Change
Studio - $1,102+9%
1 Bed - $1,5760%
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

Neighborhood Apartment Rent Trends in New Orleans, LA

NeighborhoodStudio Avg RentAnnual Change
Lower Garden District$1,290+2%
Palmer Park$1,165--
French Quarter$1,150--
Irish Channel$1,100--
East Riverside$1,100--
French Quarter - CBD$1,0150%
Central Business District$1,0150%
Seventh Ward$1,000+54%

How Other Cities Compare to New Orleans, LA

CityStudio Avg RentAnnual Change

New Orleans, LA Rent Trends

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.