The Jackson
625 Jackson Ave,
New Orleans, LA 70130
Studio - 2 Beds | $1,315 - $3,613
Rental Market Trends in New Orleans, LA
What is the average rent in New Orleans, LA?
$1,300/month
Average Rent
715 Sq Ft
Average Apartment Size
+0.1%
Increase in the Last Year
As of January 2025, the average rent in New Orleans, LA is $1,300 per month. This is 16% lower than the national average rent of $1,554/month, making renting in New Orleans more affordable than most cities in the US. When you rent an apartment in New Orleans, you can expect to pay about $994 per month for a studio, $1,300 for a one-bedroom apartment, and around $1,503 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,657 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in New Orleans, LA?
In the past year, rent has increased by 0.1%, which averages out to $2 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2025
Legend
2024
2025
Rent Ranges in New Orleans, LA
Last Updated January 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
6%
Below $700/month
32%
$700 - $1,000/month
23%
$1,001 - $1,500/month
19%
$1,501 - $2,000/month
21%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in New Orleans?
Based on current rent prices, Read Boulevard East, New Orleans East and Little Woods are the most affordable neighborhoods in New Orleans.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in New Orleans?
Based on current rent prices, Iberville, French Quarter and Warehouse District are the most expensive neighborhoods in New Orleans.
Neighborhood
Average Rent
Average Sq Ft
Which New Orleans neighborhoods have the most rentals available?
The neighborhoods in New Orleans with the most apartments available are Uptown New Orleans, Lower Garden District and Downtown New Orleans .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in New Orleans, LA?
Because the average rent in New Orleans is $1,300, you’ll want to make about $4,333 per month or $51,996 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does New Orleans, LA compare to other nearby cities and neighborhoods?
Use the tool below to compare New Orleans, LA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$880/month
$880/month
One Bedroom
$924/month
$841/month
Two Bedroom
$1,139/month
$930/month
Three Bedroom
-
$1,217/month
Nearby City Rent Trends
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Property Management Companies in New Orleans, LA
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McCormack Baron Management
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23
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5,646
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15
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Key Real Estate Company
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18
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4,001
Units
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11
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Cushman & Wakefield
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568
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139,059
Units
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289
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2 Communities in New Orleans
Drucker + Falk
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154
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37,077
Units
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59
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.