Average Rent in New Orleans, LA (2026)

Typical asking rent in New Orleans is $1,675. Across the 15 ZIP codes with data it runs from $1,414 to $2,486, so which side of town you buy on matters as much as the city average. Data as of September 2026.

Median rent
$1,675
Average rent
$1,679
Lowest ZIP
$1,414
Highest ZIP
$2,486

Rent by ZIP code in New Orleans

ZIP codeCountyTypical rentvs city median
70113Orleans Parish$2,486+48%
70124Orleans Parish$1,859+11%
70118Orleans Parish$1,807+8%
70130Orleans Parish$1,794+7%
70112Orleans Parish$1,739+4%
70125Orleans Parish$1,691+1%
70115Orleans Parish$1,6790%
70116Orleans Parish$1,6750%
70126Orleans Parish$1,604-4%
70119Orleans Parish$1,545-8%
70117Orleans Parish$1,502-10%
70122Orleans Parish$1,475-12%
70131Orleans Parish$1,463-13%
70114Orleans Parish$1,458-13%
70127Orleans Parish$1,414-16%

Rent by bedroom count in New Orleans

Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Orleans Parish. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for.

Unit sizeFY2027 Fair Market RentChange from FY2026
Studio$1,096+13.7%
1 bedroom$1,229+10.4%
2 bedroom$1,480+11.2%
3 bedroom$1,900+11.7%
4 bedroom$2,233+11.9%

Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.

Is rent going up or down in New Orleans?

Typical rent across Orleans Parish is $1,633 as of September 2026. That is up 2.2% from a year earlier and up 14.6% over five years.

YearTypical rent, Orleans ParishChange
2021$1,467+9.6%
2022$1,541+5.0%
2023$1,572+2.0%
2024$1,609+2.4%
2025$1,602-0.5%
2026 (through September)$1,633+2.0%

Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.

New Orleans rent questions

What is the average rent in New Orleans, LA?
Typical asking rent in New Orleans is $1,675 a month as of September 2026, across 15 ZIP codes. By ZIP code it runs from $1,414 to $2,486.
How much is rent for a 2 bedroom in New Orleans?
HUD's FY2027 Fair Market Rent for a two bedroom in Orleans Parish is $1,480 a month including utilities. A one bedroom is $1,229 and a three bedroom is $1,900. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
Is rent going up or down in New Orleans?
Rent is rising. Typical rent in Orleans Parish is $1,633 as of September 2026, up 2.2% from a year earlier.
What is the cheapest ZIP code to rent in New Orleans?
ZIP 70127 has the lowest typical asking rent in New Orleans at $1,414 a month, compared with $1,675 for the city overall.
How much income do you need to rent in New Orleans?
Most landlords look for gross income of about three times the rent. At the typical New Orleans rent of $1,675, that is about $5,025 a month, or $60,300 a year. This is a common screening rule of thumb, and individual landlords set their own.

How to use these numbers

These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.

If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. New Orleans sits in the New Orleans-Metairie, LA metro area.

Other Louisiana cities

Would a rental in New Orleans cash flow?

Start the analyzer with the New Orleans median rent of $1,675 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.