State rent research · editorial review 2026-10-24

Average Rent in Louisiana: ZIPs, Rental Readiness & Insurance

The median of 104 tracked Louisiana ZIP rent indices is $1,450 per month for September 2026.

Equal weight per ZIP · all homes and bedrooms combined · derived from Zillow’s smoothed asking-rent indices; this ZIP series is not seasonally adjusted. This is not a provider-published statewide estimate, an average paid by tenants or a rent quote for a particular home.

A Louisiana asking-rent benchmark cannot establish that a rental is ready to earn income or that its storm repair is insured. In New Orleans, renewed commercial sales activity is separate from small-rental collections and the buyer’s own Healthy Homes file. Coverage by peril can determine how much repair cost the owner ultimately bears.

Historic building and street frontage in the French Quarter of New Orleans
French Quarter streetscape in March 2019, resized without cropping. It locates the New Orleans discussion; the image does not establish rental authorization, current rent, a flood zone or insurance coverage.
2019-03-18 · Infrogmation of New Orleans · Original photograph · CC BY-SA 4.0. Resized and converted to WebP.

What the rent evidence changes for a rental decision

Verify the property’s actual readiness, lease collections and rental-use policy before buying its advertised income. Obtain separate flood and named-storm terms and test the owner’s allocated repair cost once; statewide ZIP figures and sales volume cannot supply that protection.

Orleans and Jefferson commercial transactions

More capital changing hands is not a small rental’s rent growth

ELIFIN reports 48 multifamily sales totaling $193.4 million in the first half of 2026 across Orleans and Jefferson parishes. Its scope is commercial sales of at least $100,000 and multifamily buildings with at least five units. Volume includes estimated market values for undisclosed prices; the database was current July 31.

The evidence shows investment activity in that cohort, not improved tenant collections or a market price for a duplex. Large trades and estimated values can move dollar volume without establishing a rent increase at the subject.

Decision. Separate the subject’s size and location from the sales cohort. Inspect signed rents and deposits, current repair needs and buyer policy quotes before carrying a market-rent assumption into a purchase budget.

What could change it. Matching, disclosed sales with verified income can help test a purchase basis. Aggregate volume cannot replace those records, and a five-unit-plus cohort does not establish the value or leasing performance of one-to-three-unit homes.

Records to obtain. Comparable building size, disclosed transaction terms, actual rent roll, bank reconciliation, condition assessment and buyer operating quotes.

Read the source reports
  • ELIFIN New Orleans commercial sales H1 2026 — First-half transactions in Orleans and Jefferson parishes; database current July 31, 2026, including late recording; $100,000+ commercial sales, multifamily 5+ units; public report read October 24, 2026.

New Orleans residential rental readiness

The seller’s certificate is not the buyer’s completed file

The city requires a Healthy Homes Certificate of Compliance to rent housing units. Its page lists June 15, 2025 for one-to-three-unit registration, accepts late applications, states certificates are nontransferable and gives transferred properties 90 days from sale to apply. Renewal is every two years.

The old phase-in deadline is not an upcoming 2026 grace period. A seller’s paperwork and a buyer’s application are different records. The transfer application period does not by itself prove the unit is habitable, the buyer file complete or rent immediately collectible.

Decision. Check the exact city jurisdiction, current registration and buyer transfer requirements with Healthy Homes. Resolve the property’s actual maintenance issues and obtain a dated completion and leasing plan before budgeting uninterrupted income.

What could change it. A documented, maintained rental may have little work to complete. Missing records, late registration or unresolved defects can create costs and delays. The program page is not evidence that a particular property has passed or that an application alone authorizes occupancy.

Records to obtain. Parcel/unit count, current certificate and expiration, sale date, buyer application, city correspondence and actual condition/repair records.

Read the source reports
Two shotgun-style houses in the Irish Channel neighborhood of New Orleans
Irish Channel houses in February 2016. Wikimedia’s proportional 960-pixel thumbnail is used unchanged. A small-building setting explains why a 5-plus-unit sales cohort cannot price every rental. Neither house is represented as a current rental, insured property or program-compliance example.
2016-02-19 · Infrogmation of New Orleans · Original photograph · CC BY 2.0. Wikimedia JPEG thumbnail used unchanged.

Louisiana rental-property insurance

The same repair price can leave three different owner costs

LDI illustrates named-storm deductibles as a percentage of insured property value, while its flood guidance explains that homeowners policies exclude flood and identifies separate flood coverage. Consumer guidance does not determine the terms of a rental or commercial contract.

A small percentage can still exceed annual operating cash, and a wind deductible does not create flood coverage. The comparison assumes one isolated $8,000 covered repair or an uncovered flood case, with stated deductibles, no limits problem and no other coverage adjustments.

Decision. Obtain declarations, covered perils, exclusions, rental-use endorsements, deductible bases and separate flood terms for the actual address. Have the insurer explain concurrent causes, limits and business-income treatment; do not count an expected repair reimbursement as rent.

What could change it. Verified broader coverage or a smaller loss can reduce owner cost; exclusions, limits, depreciation or multiple causes can increase it. These are alternative cases, not additive claims, probabilities, payment-timing estimates or quotes.

Records to obtain. Bound rental-use policy, declarations and endorsements, insured value, peril/deductible schedule, flood policy, repair estimate and insurer coverage determination.

Read the source reports
One $8,000 repair; the peril and policy change the owner’s share

Hypothetical alternative cases · $250,000 insured building value · assumed 2% named-storm deductible or $2,000 separate flood deductible · coverage and full residual insurer payment assumed only in covered cases · no depreciation, limits issue or other adjustment

Same $8,000 repair · alternative policy/peril cases
Solid · owner cost · Hatched · assumed insurer share

Covered named storm2% of $250,000 insured value
Owner · $5,000 · Insurer · $3,000
Covered separate flood policy$2,000 assumed deductible
Owner · $2,000 · Insurer · $6,000
No applicable flood coverageNo insurer share assumed
Owner · $8,000 · Insurer · $0

Covered cases assume an applicable policy, full residual payment and no other adjustment. Compare eventual owner cost; the bands do not show payment timing, peak funding or event probabilities.

Accessible observations underlying the comparison
MeasureValueDefinition
Covered named-storm case · owner5,0002% × $250,000 = $5,000 owner cost; residual insurer share $3,000.
Covered separate-flood case · owner2,000$2,000 assumed deductible; residual insurer share $6,000.
No applicable flood coverage · owner8,000Owner bears all $8,000; insurer share $0.
Difference: uncovered vs covered flood owner cost6,000$8,000 − $2,000 = $6,000; a comparison of alternatives, not another expense.

The 2% applies to insured value, not the $8,000 invoice: $160 would be the wrong deductible in this assumed case. The bands show eventual cost allocation, not peak cash needed or payment timing. After the worksheet’s $1,240 annual reference cash, these separate owner costs leave −$3,760, −$760 or −$6,760. Deduct the owner share once, not the full repair plus that share.

Read the source reports

Compare rents across these county groups

These are named parish sets represented by current ZIP observations, not complete metro definitions. New Orleans transaction and municipal-program evidence below does not describe Baton Rouge, Lafayette or the rest of Louisiana. Source parish labels are retained exactly, including Saint spellings.

These analyst-selected sets use the listed county labels and the same September 2026 observation month. Each ZIP receives one equal vote. They are not official metro definitions, exhaustive regions or bedroom comparisons.

21 distinct county labels appear in the current sample; geographic coverage is incomplete and uneven. Only currently available observations from the same latest month enter these comparisons. Older retained records and missing ZIPs do not enter as zero rents.

Derived county-label comparisons · monthly USD
Comparison and exact membershipZIP medianZIP count
Orleans / Jefferson parish set
Orleans Parish, Jefferson Parish
$1,60429
Northshore parish set
Saint Tammany Parish, Tangipahoa Parish
$1,50110
Baton Rouge-area parish set
East Baton Rouge Parish, West Baton Rouge Parish, Ascension Parish, Livingston Parish
$1,38021
Lafayette / Iberia parish set
Lafayette Parish, Iberia Parish
$1,37910
Shreveport / Bossier parish set
Caddo Parish, Bossier Parish
$1,24512
Lake Charles-area parish set
Calcasieu Parish, Beauregard Parish
$1,2247

Compare supported postal-city groups

City links require at least three current ZIP observations. Postal city labels are not legal municipal boundaries. Groups are ordered by coverage, then name; this is not an affordability ranking.

7 matching cities

Same-month postal-city groups · equal ZIP weights · September 2026
Postal cityZIP median / monthZIP mean / monthZIP count
New Orleans$1,675$1,67915
Baton Rouge$1,310$1,25713
Shreveport$997$1,0758
Lafayette$1,314$1,3275
Metairie$1,445$1,5175
Lake Charles$1,274$1,2564
Slidell$1,476$1,5433

Find a ZIP rent observation

The table preserves each source ZIP, date and supplied county label. A ZIP can cross county or municipal boundaries; verify the actual address separately. No bedroom multiplier is applied.

104 matching ZIPs

Zillow ZIP observations and supplied geography labels
ZIPPostal cityCounty labelIndex / monthObservation
70001MetairieJefferson Parish$1,445September 2026
70002MetairieJefferson Parish$1,264September 2026
70003MetairieJefferson Parish$1,429September 2026
70005MetairieJefferson Parish$1,690September 2026
70006MetairieJefferson Parish$1,757September 2026
70032ArabiSaint Bernard Parish$1,338September 2026
70043ChalmetteSaint Bernard Parish$1,404September 2026
70047DestrehanSaint Charles Parish$1,499September 2026
70053GretnaJefferson Parish$1,623September 2026
70056GretnaJefferson Parish$1,498September 2026
Show 94 more ZIP observations
Zillow ZIP observations and supplied geography labels
ZIPPostal cityCounty labelIndex / monthObservation
70058HarveyJefferson Parish$1,285September 2026
70062KennerJefferson Parish$1,425September 2026
70065KennerJefferson Parish$1,639September 2026
70070LulingSaint Charles Parish$1,723September 2026
70072MarreroJefferson Parish$1,683September 2026
70094WestwegoJefferson Parish$1,535September 2026
70112New OrleansOrleans Parish$1,739September 2026
70113New OrleansOrleans Parish$2,486September 2026
70114New OrleansOrleans Parish$1,458September 2026
70115New OrleansOrleans Parish$1,679September 2026
70116New OrleansOrleans Parish$1,675September 2026
70117New OrleansOrleans Parish$1,502September 2026
70118New OrleansOrleans Parish$1,807September 2026
70119New OrleansOrleans Parish$1,545September 2026
70121JeffersonJefferson Parish$1,606September 2026
70122New OrleansOrleans Parish$1,475September 2026
70123River RidgeJefferson Parish$1,540September 2026
70124New OrleansOrleans Parish$1,859September 2026
70125New OrleansOrleans Parish$1,691September 2026
70126New OrleansOrleans Parish$1,604September 2026
70127New OrleansOrleans Parish$1,414September 2026
70130New OrleansOrleans Parish$1,794September 2026
70131New OrleansOrleans Parish$1,463September 2026
70301ThibodauxLafourche Parish$1,226September 2026
70360HoumaTerrebonne Parish$1,354September 2026
70364HoumaTerrebonne Parish$1,248September 2026
70401HammondTangipahoa Parish$1,149September 2026
70403HammondTangipahoa Parish$1,378September 2026
70433CovingtonSaint Tammany Parish$1,526September 2026
70447MadisonvilleSaint Tammany Parish$2,500September 2026
70448MandevilleSaint Tammany Parish$1,855September 2026
70454PonchatoulaTangipahoa Parish$1,610September 2026
70458SlidellSaint Tammany Parish$1,474September 2026
70460SlidellSaint Tammany Parish$1,679September 2026
70461SlidellSaint Tammany Parish$1,476September 2026
70471MandevilleSaint Tammany Parish$1,407September 2026
70501LafayetteLafayette Parish$1,078September 2026
70503LafayetteLafayette Parish$1,314September 2026
70506LafayetteLafayette Parish$1,312September 2026
70507LafayetteLafayette Parish$1,487September 2026
70508LafayetteLafayette Parish$1,443September 2026
70518BroussardLafayette Parish$1,650September 2026
70520CarencroLafayette Parish$1,516September 2026
70529DusonLafayette Parish$838September 2026
70560New IberiaIberia Parish$1,312September 2026
70592YoungsvilleLafayette Parish$1,787September 2026
70601Lake CharlesCalcasieu Parish$1,039September 2026
70605Lake CharlesCalcasieu Parish$1,438September 2026
70607Lake CharlesCalcasieu Parish$1,367September 2026
70611Lake CharlesCalcasieu Parish$1,181September 2026
70634DeridderBeauregard Parish$1,224September 2026
70663SulphurCalcasieu Parish$1,124September 2026
70669WestlakeCalcasieu Parish$1,965September 2026
70706Denham SpringsLivingston Parish$1,648September 2026
70710AddisWest Baton Rouge Parish$1,720September 2026
70714BakerEast Baton Rouge Parish$1,212September 2026
70726Denham SpringsLivingston Parish$1,507September 2026
70737GonzalesAscension Parish$1,527September 2026
70767Port AllenWest Baton Rouge Parish$1,850September 2026
70769PrairievilleAscension Parish$2,074September 2026
70791ZacharyEast Baton Rouge Parish$1,694September 2026
70802Baton RougeEast Baton Rouge Parish$1,088September 2026
70805Baton RougeEast Baton Rouge Parish$925September 2026
70806Baton RougeEast Baton Rouge Parish$1,310September 2026
70808Baton RougeEast Baton Rouge Parish$1,466September 2026
70809Baton RougeEast Baton Rouge Parish$1,380September 2026
70810Baton RougeEast Baton Rouge Parish$1,540September 2026
70811Baton RougeEast Baton Rouge Parish$1,199September 2026
70812Baton RougeEast Baton Rouge Parish$1,225September 2026
70815Baton RougeEast Baton Rouge Parish$931September 2026
70816Baton RougeEast Baton Rouge Parish$1,055September 2026
70817Baton RougeEast Baton Rouge Parish$1,526September 2026
70820Baton RougeEast Baton Rouge Parish$1,328September 2026
70836Baton RougeEast Baton Rouge Parish$1,373September 2026
71037HaughtonBossier Parish$2,129September 2026
71101ShreveportCaddo Parish$986September 2026
71104ShreveportCaddo Parish$1,007September 2026
71105ShreveportCaddo Parish$1,264September 2026
71106ShreveportCaddo Parish$980September 2026
71107ShreveportCaddo Parish$1,381September 2026
71108ShreveportCaddo Parish$912September 2026
71109ShreveportCaddo Parish$846September 2026
71111Bossier CityBossier Parish$1,530September 2026
71112Bossier CityBossier Parish$1,551September 2026
71115Elm GroveCaddo Parish$1,454September 2026
71118ShreveportCaddo Parish$1,225September 2026
71201MonroeOuachita Parish$1,508September 2026
71203MonroeOuachita Parish$1,323September 2026
71270RustonLincoln Parish$1,187September 2026
71291West MonroeOuachita Parish$1,267September 2026
71292West MonroeOuachita Parish$921September 2026
71301AlexandriaRapides Parish$786September 2026
71303AlexandriaRapides Parish$1,363September 2026
71360PinevilleRapides Parish$948September 2026

Can annual cash absorb the owner’s uninsured repair share?

Hypothetical unit: $1,600 rent, 5% vacancy/noncollection, no free month, $8,000 operating expenses including assumed annual insurance premiums, $8,000 debt and $1,000 replacement reserve. The separate illustrated event repair is excluded from recurring expenses. No premium, policy or rent quote is implied; acquisition cash, initial work and taxes on income are separate.

Initial calculated result: $18,240 collected rent, $10,240 NOI before debt/reserves, and $1,240 cash after debt/reserves. Change the assumptions below to test your own budget.

Illustration · one apartment · first 12 months · USD. Editable assumptions, not observed market averages or an acquisition recommendation. All recurring amounts are allocated per apartment. No appreciation, sale proceeds or tax benefits are assumed.

Actual lawful face rent; no automatic ZIP-index adoption.
Economic rent loss over the year, before incentives.
First-year equivalent; not added again to vacancy.
Include taxes, insurance, management, repairs and owner-paid utilities.
Allocated principal and interest; excluded from NOI.
Cash set aside below NOI; initial work requires separate cash.

Annual cash after operating costs, debt and reserve contribution

$1,240

This is a positive illustration margin, before initial capital work, income tax and sale costs.

Follow the rent into owner cashDerived from your inputs · dollars per apartment per year
Scheduled rent
$19,200
− Vacancy / noncollection
-$960
− Occupied-share concession
-$0
= Effective rental income
$18,240
− Operating expenses
-$8,000
= NOI before debt / reserves
$10,240
− Debt service
-$8,000
− Reserve contribution
-$1,000
= Annual cash margin
$1,240

NOI excludes debt service and this worksheet’s reserve contribution. Initial renovation, acquisition costs and initial downtime are outside this annual operating illustration. Do not subtract the same vacancy, incentive or repair expense twice.

At what occupancy does the cost budget stop working?Annual cash margin; concession, rent, debt and reserves stay as entered

On a narrow screen, scroll the table sideways to compare all three expense budgets.

Collected occupancyEntered expensesExpenses +10%Expenses +20%
95%$1,240Cash remaining$440Cash remaining-$360Cash deficit
90%$280Cash remaining-$520Cash deficit-$1,320Cash deficit
85%-$680Cash deficit-$1,480Cash deficit-$2,280Cash deficit

Occupancy here is the collected share of scheduled rent before incentives, not a count of occupied doors. At the entered costs, break-even collected occupancy is 88.5%. Debt-service coverage is 1.28× NOI / debt service; it excludes reserve contributions.

Reference annual cash is $1,240. One additional occupied-share month without rent removes $1,520 and leaves −$280 before any separate event cost. Adding the assumed $5,000 owner share once leaves −$5,280. Reserves are already below NOI in this budget; an existing reserve balance would be a separate funding source, not new rent or profit.

Use the full property cash-flow calculator for the purchase price, financing terms and holding period. Review its expense and reserve conventions before transferring assumptions; this illustration does not automatically populate a deal.

Louisiana rent questions

Is this Louisiana’s one-bedroom paid rent?

No. These are same-month all-home/all-bedroom ZIP asking-rent indices, smoothed and not seasonally adjusted. The summary weights each covered ZIP equally and is not a household-weighted average or provider-published state ZORI.

Does New Orleans evidence apply to Baton Rouge or Lafayette?

No. Use the separate city and parish ZIP comparisons and collect local evidence. The transaction study covers Orleans and Jefferson; the Healthy Homes discussion concerns New Orleans.

Is a 2% named-storm deductible 2% of the repair invoice?

In this illustration it is 2% of the $250,000 insured value, or $5,000. Verify the actual policy’s base, peril, terms and exclusions. This example does not quote a rental policy.

Should I deduct the repair and owner deductible twice?

No. The figure allocates one repair between owner and insurer in alternative cases. Apply the owner share once for the eventual cost comparison; actual funding and claim-payment timing require a separate cash plan.

How these rent figures are calculated

State: Louisiana · USPS LA · Census state FIPS 22. Zillow supplies postal ZIP observations with city and county labels. We filter to valid positive rents in this state and the latest common observation month, sort the values, and take the middle value, or the mean of the two middle values for an even count. Means are the sum divided by included ZIPs. No population, household or rental-unit weighting is added.

The all-home, all-bedroom ZIP series is smoothed, not seasonally adjusted. A bedroom rent cannot be inferred from it. Membership can change after a refresh, so a change in this page’s median is not a matched-sample rent-growth rate. This edition does not publish a ZIP-sample growth claim.

Data: Zillow Research · ZORI method · National ZIP source CSV. The state benchmark is our ZIP-based calculation, not a provider-published statewide estimate. Occupied-unit Census rent, listing medians, effective broker rents and HUD gross-rent references answer different questions and are not blended here.

The observation month identifies the rent data available for this comparison. Historical or missing latest observations stay out of the current sample. Check the date before comparing a property with a newly advertised offer.

Market and legal sources below were reviewed 2026-10-24. Their own periods are shown next to each claim. Broker samples and boundaries are not fully disclosed; surveys may share underlying providers and should not be treated as independent experiments. The market interpretation is conditional research, not a property-level income guarantee. Recheck local rules, signed comparable leases and actual expenses before using an illustration in a transaction.

Read the source reports