Homes & Apartments for Rent in New Orleans, LA 70114

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What to Know About

Living in 70114

New Orleans, known as "The Big Easy," is appreciated for its live music scene, delicious food, and rich cultural heritage. Visitors can enjoy live music, delicious food, and unique architecture in areas such as the French Quarter, Bourbon Street, and Jackson Square or explore the city's historic architecture and landmarks, such as the St. Louis Cathedral and the French Quarter. The city is also home to several museums, including the National World War II Museum, the Ogden Museum of Southern Art and Tulane University, and Loyola University New Orleans, providing many educational opportunities.

Enjoy a stroll through the lush City Park, a scenic bike ride along the mighty Mississippi River, or a hike through Jean Lafitte National Historical Park and Preserve for outdoor activities. Sports fans can cheer on the New Orleans Saints (NFL) and New Orleans Pelicans (NBA). In addition, the city is known for its excellent seafood and delicious Creole and Cajun cuisine. Something like the Mardi Gras, French Quarter Fest, and New Orleans Jazz & Heritage Festival always happens.

With its diverse culture, vibrant economy, and wide range of attractions, New Orleans is an exciting and vibrant city for anyone looking for a new home.

Rental Market Trends

New Orleans, LA

As of October 2026, New Orleans's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. New Orleans's average rent is 53.0% ($686) higher than the Louisiana average of $1,295 and 8.9% ($162) higher than the U.S. average of $1,819.

Average Rent
$1,981
Monthly ChangeMonth Over Month Change
Decreased0.2% ($3)
Yearly ChangeYear Over Year Change
Increased0.4% ($8)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,796 Increased1.5% ($26) Decreased3.3% ($62)
2 Beds $2,086 Increased1.5% ($31) Decreased1.1% ($24)
3 Beds $2,387 Increased1.5% ($35) Increased0.1% ($3)
Nearby Cities Average Rent Avg. Rent vs. New OrleansAverage Rent vs. New Orleans Avg. Days on MarketAverage Days on Market
Gretna $1,152 Decreased41.8% ($829) 33 days
Harvey $1,905 Decreased3.8% ($76) 34 days
Metairie $1,471 Decreased25.7% ($510) 22 days
Chalmette $1,602 Decreased19.1% ($379) 38 days
Marrero $1,595 Decreased19.5% ($386) 34 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
New Orleans Rental Market FAQs

Explore rental prices, market trends, and availability in New Orleans, LA.

The average rent in New Orleans, LA is $1,981 per month.
Homes in New Orleans typically rent for between $1,257 and $3,103 per month, with an average of $1,981 per month.
In New Orleans, the average rent for a 1-bedroom home is $1,796 per month, for a 2-bedroom home, $2,086 per month, and a 3-bedroom home is $2,387 per month.
The average rent in New Orleans is 8.9% ($162) higher than the national average of $1,819 per month.
The average rent in New Orleans has decreased by 0.2% ($3) in the last month and increased by 0.4% ($8) over the past year.
The rental market in New Orleans, LA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In New Orleans, LA, the average rental stays on the market for approximately 32 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 442 rental properties available in New Orleans, LA.
Based on the current averages, a household would need an annual income of $83,440 to comfortably afford a 2-bedroom home in New Orleans.
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