2424 TULANE
2424 Tulane Ave,
New Orleans, LA 70119
1-2 Beds | $1,366 - $2,352
Rental Market Trends in New Orleans, LA
What is the average rent in New Orleans, LA?
$1,308/month
Average Rent
719 Sq Ft
Average Apartment Size
-0.4%
Decrease in the Last Year
As of June 2025, the average rent in New Orleans, LA is $1,308 per month. This is 20% lower than the national average rent of $1,628/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 $1,045 per month for a studio, $1,308 for a one-bedroom apartment, and around $1,524 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,603 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 decreased by 0.4%, which averages out to $5 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in New Orleans, LA
Last Updated June 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
30%
$700 - $1,000/month
24%
$1,001 - $1,500/month
20%
$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, West Lake Forest, Lake Willow and Viavant-Venetian Isles 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, Superdome District, Anna Terrace and French Quarter 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, Downtown New Orleans and Warehouse District .
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 $1,308, you’ll want to make about $4,360 per month or $52,320 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 12.4% higher than the national average. Generally, housing in New Orleans is 48.7% more expensive than the national average, with rent falling between $1,045 - $1,603. You can expect to pay 0.8% less for groceries, 28.4% less for utilities, and 4.4% 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
$757/month
-
Two Bedroom
$848/month
-
Three Bedroom
$1,130/month
-
Nearby City Rent Trends
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Property Management Companies in New Orleans, LA
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Cypress Communities
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10
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1,383
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Greystar
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3,269
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908,540
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845
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Key Real Estate Company
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4,253
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12
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McCormack Baron Salazar
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4,249
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.