The average rent in New Orleans reached $1,165 in October
The average rent in New Orleans reached $1,165 in October, after a 1.5% decrease since last year. A renter-majority city (53%), New Orleans is a diverse and vibrant place to live in, with apartment rents below the national average of $1,464. [View Full Report]
The average rent in New Orleans was $1,165 in October
The average rent in New Orleans reached $1,165 in October, after a 1.5% decrease since last year. A renter-majority city (53%), New Orleans is a diverse and vibrant place to live in, with apartment rents below the national average of $1,464.
New Orleans rent compared to other surrounding cities
This October, the average rent for an apartment in New Orleans has decreased compared to other surrounding cities such as Kenner ($879, up 2.4%), or Metairie, where rent went up 3.7%, reaching $989.
The priciest and cheapest cities for renters in the New Orleans area
Excluding New Orleans, River Ridge is the priciest city for renters in the area, with apartments going for $1,122 per month. Mandeville is next, with an average rate of $1,118, followed by Covington, where monthly apartment rates go for $1,085.
Rents in Kenner ($879), Gretna ($913) and Harvey ($958) are joined by Metairie ($989) as the most budget-friendly in the New Orleans area, all of them under the $1,000 mark.
RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States.
The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.
Look for houses for rent near me
Do you want a house with a backyard, a grill area, that offers you privacy and enough space for your family? RENTCafé offers you the possibility to look for a house for rent near you, to find the one that best suits your family. Browsing through our listings, you can filter by size, price, pet policy, check out the location, to find the best house in your area. Whether you are looking to move to a particular neighborhood, or a specific ZIP code, may it be for its safety, beautiful buildings, or quiet atmosphere, you can find the rental house that your whole family will enjoy.
Your next home is out there, whether you are looking for a house for rent near you or anywhere in the U.S. Easily browse houses for rent with availability updated daily, and let's find the one that is perfect for you!
New Orleans, LA Demographics
- Total Population389,648
Female 185,377Male 204,271
- Median Age36.3
New Orleans, LA Households
- Total Number of Households154,036
Family 73,443Non-family 80,593
Children 34,027No Children 120,009
- Average People Per Household2.44
- Median Household Income$39,576
- Median Housing Costs Per Month$995
New Orleans, LA Education Statistics
- No High School4%
- Some High School34%
- Some College24%
- Associate Degree4%
- Bachelor Degree20%
- Graduate Degree14%
Renting a house in New Orleans, LA
Some people just don’t buy into the American dream of owning your own house and sacrificing flexibility. Also, a 30-year mortgage is not the most pleasant thought to wake up with every morning. We understand. But what if you need some extra storage space? What if you like a backyard where you could throw BBQ parties and the kids could play in a safe environment? Luckily, you can forget the dreaded mortgage. Renting a house is the answer. There are 1 home for rent in New Orleans, LA. And it won’t necessarily cost an arm and a leg to rent the perfect home for your family. You can look into duplexes for rent too. Prices in New Orleans, LA for rental homes start at $1,095.
A rental house offers flexibility
Your family situation will change throughout your life. Renting makes it possible to match the size of your home to your lifestyle and financial situation. Maybe it’s just you and your significant other at the moment sharing a charming downtown apartment. But there’s a chance that at some point in time, a third family member will show-up and suddenly that 1 bedroom apartment you were so happy with will become too small. You will realize that you’d much rather prefer the comfort of your own backyard, than all the excitement your current neighborhood provides, that you no longer have time to enjoy anyway. If you want to continue living comfortably, you may want to rent a 2 bedroom house. Or maybe your oldest son turned into a young man who’s going off to college soon. You’ll find yourself in a 4 bedroom house that is suddenly too big. You could downsize and rent a 3 bedroom home with a pool, in a much nicer area. The flexibility of renting makes it possible.