$1,600
Average Rent
$1,450
Median Rent
+3.2%
Year-over-Year Growth
8.8%
Vacancy Rate
About New Orleans, LA
The "Big Easy" is world-famous for its food and distinct historic architecture, supporting a unique rental market.
Popular Neighborhoods in New Orleans
French Quarter
$2,200/moHistoric heart with iconic architecture.
Garden District
$1,900/moStunning mansions and high rental appeal.
Warehouse District
$1,800/moModern loft living with walkable access to galleries.
New Orleans Rental Market Insights
Tourism and hospitality are the primary drivers of the economy.
Short-term rental regulations strongly impact long-term supply.
Preservation laws keep supply limited in the most desirable districts.
Frequently Asked Questions
Is it expensive to rent in New Orleans?
Moderate, though historic districts command a large premium.