The Julia at Saint Charles
730 Julia St,
New Orleans, LA 70130
1-2 Beds | $1,816 - $7,829
Rental Market Trends in New Orleans, LA
What is the average rent in New Orleans, LA?
$1,301/month
Average Rent
715 Sq Ft
Average Apartment Size
+0.2%
Increase in the Last Year
As of February 2025, the average rent in New Orleans, LA is $1,301 per month. This is 16% lower than the national average rent of $1,556/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 $1,021 per month for a studio, $1,301 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 $1,620 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 0.2%, which averages out to $3 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 February 2025
Legend
2024
2025
Rent Ranges in New Orleans, LA
Last Updated February 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
6%
Below $700/month
31%
$700 - $1,000/month
23%
$1,001 - $1,500/month
20%
$1,501 - $2,000/month
20%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in New Orleans?
Based on current rent prices, Little Woods, Read Boulevard East and New Orleans East 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 $1,301, you’ll want to make about $4,336 per month or $52,032 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.
Cost of Living
The cost of living in New Orleans, LA is 11.8% higher than the national average. Generally, housing in New Orleans is 49.0% more expensive than the national average, with rent falling between $1,021 - $1,620. You can expect to pay 2.6% less for groceries, 25.7% less for utilities, and 6.3% less for transportation.
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
-
-
One Bedroom
$851/month
$1,411/month
Two Bedroom
$942/month
$1,614/month
Three Bedroom
$1,221/month
-
Nearby City Rent Trends
Apartment communities in New Orleans we think you'll love
Property Management Companies in New Orleans, LA
HRI Properties
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13
Communities
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2,380
Units
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5
Cities
9 Communities in New Orleans
LYND Living
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46
Communities
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9,386
Units
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20
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4 Communities in New Orleans
Latter & Blum
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21
Communities
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3,282
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8
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Cypress Communities
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10
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1,385
Units
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7
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4 Communities in New Orleans
Greystar
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3,234
Communities
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893,969
Units
-
830
Cities
3 Communities in New Orleans
McCormack Baron Management
-
20
Communities
-
5,078
Units
-
13
Cities
3 Communities in New Orleans
Key Real Estate Company
-
18
Communities
-
4,001
Units
-
11
Cities
3 Communities in New Orleans
Cushman & Wakefield
-
565
Communities
-
130,596
Units
-
288
Cities
2 Communities in New Orleans
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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.