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Luxury Apartments for Rent in New Orleans, LA - 31 Rentals available


The average rent in New Orleans reached $1,152 in December

The average rent in New Orleans reached $1,152 in December, after a 2.6% 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 $1,462. [View Full Report]

New Orleans apartment rent report

The average rent in New Orleans was $1,152 in December

The average rent in New Orleans reached $1,152 in December, after a 2.6% 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 $1,462.

This December, the average rent for an apartment in New Orleans has decreased compared to other surrounding cities such as Kenner ($874, up 2.1%), or Metairie, where rent went up 3.6%, reaching $989.

New Orleans apartment rent report

What it costs to rent in the New Orleans metro area

Despite a 1.3% increase, Gretna rentals are the second most budget-friendly option in the New Orleans area, with an average price of $911, following Kenner. At $944 a month following a 0.9% decrease, renting in Harvey is the third best option, followed by Metairie, which comes in fourth. These are the only cities that fall below the $1,000 threshold. Excluding New Orleans, River Ridge is the priciest city for renters in the area, with apartments going for $1,119 per month after a 2.8% increase. Mandeville is next, with an average rate of $1,099, 3.0% higher than last year, followed by Covington, where monthly apartment rates went up 2.8%, going for $1,078.

New Orleans apartment rent report

Methodology

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 luxury apartments near me

Looking for a top of the line, luxury apartment near you to move in to? Are you interested in having all new appliances, on site amenities, a gym, a pool, and private parking? Take a look at our high-end listings and search for the apartment that provides all that you need to feel at home using filters for top community and apartment amenities. On RENTCafé you can find the luxury apartment you are looking for whether it's near you, in a specific neighborhood or ZIP code, or in the best area in town.

RENTCafé can help you find the best luxury apartment for you by allowing you to compare location, size and price. May it be near where you live now or anywhere in the U.S. that you want to move to, let's help you choose the perfect apartment.

Frequently Asked Questions

What is the price of a luxury apartment in New Orleans, LA?

The price range is between $965 and $6,093. Find luxury apartments in New Orleans, LA.

How many luxury rentals are available in New Orleans, LA on RENTCafé?

There are 12 luxury rentals available on RENTCafé. Prices and availability in New Orleans, LA were last updated on 16 Jan 2021.

What is the average size of a luxury apartment in New Orleans, LA?

The average New Orleans, LA luxury apartment size is 1,005 sq. ft.

What are the advantages of renting a luxury apartment in New Orleans, LA?

Renting a luxury apartment in New Orleans, LA comes with many amenities, more space and central locations.

What are the downsides of renting a luxury apartment in New Orleans, LA?

Luxury apartments tend to be more expensive and have higher utility bills. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in New Orleans, LA.

New Orleans, LA Demographics

  • Total Population389,648
  • Female 185,377
    Male 204,271
  • Median Age36.3

Average Rent in New Orleans, LA

  • New Orleans, LA Average Rental Price, October 2020 $1,166 /mo

New Orleans, LA Apartment Rent Ranges

  • $501-$70012%
  • $701-$1,00040%
  • $1,001-$1,50027%
  • $1,501-$2,00014%
  • > $2,0007%

New Orleans, LA Rent Trends

Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
New Orleans, LA $1,090 $1,087 $1,106 $1,110 $1,134 $1,154 $1,189 $1,193 $1,186 $1,169 $1,166
National $1,377 $1,380 $1,417 $1,426 $1,430 $1,466 $1,466 $1,473 $1,474 $1,461 $1,464
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New Orleans, LA Households

  • Total Number of Households154,036
  • Family 73,443
    Non-family 80,593
  • Children 34,027
    No 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 luxury apartment in New Orleans, LA

Comfort is an essential element to your happiness, which is why we selected the best apartments in New Orleans, LA, uniquely designed to satisfy your need for luxury. Finely detailed craftsmanship, meticulously chosen color contrasts and high-level amenities complement modern apartments. The community living spaces have indoor pools, ultra-modern spas and wine rooms, a cut above anything you’ve seen before. Upscale apartments can be a real showstopper and you can find yours in one of the 21 outstanding buildings in New Orleans, LA. Right now, there are as many as 31 luxury apartments to choose from in New Orleans, LA that pride in being the best of the best. And, as they say -- beauty comes in all shapes and sizes -- you can find luxury studio apartments, large apartments and even luxury townhomes available, depending on your needs. Make sure you do not miss the chance to level up your lifestyle with one of these stunners!

Affordable high rise apartments

If you are looking for a luxurious home in New Orleans, LA but you’re held back by a limited budget, there is no reason to despair. Marvelously furnished apartments are available for you right now at great prices. Do you dream of a custom-designed rental that exudes glamour and character, but yare afraid you won’t afford rent in a high-end apartment complex? Sleek finishes, roof-top pools and monumental granite fireplaces sound expensive and all, but luxury living is not unattainable. Do you dream of drinking your morning coffee in a top-quality chef’s kitchen, but are frustrated with overpriced rent? Look no further! Cheap luxury apartments are actually a thing these days, so you can find luxury apartments in New Orleans, LA with monthly rents starting as low as $975. Sort your search results by “Rent” ascending to see the lowest-priced listings first.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!