69 Luxury Apartments for rent in New Orleans, LA

Last updated May 27 at 5:48pm UTC
1709 Joliet Street
Leonidas
New Orleans, LA
Updated May 27 at 5:48pm UTC
2 Bedrooms
$1,950
254 Hillary Street
Black Pearl
New Orleans, LA
Updated May 26 at 8:07pm UTC
3 Bedrooms
$2,400
2701 Octavia
Audubon
New Orleans, LA
Updated May 25 at 11:21pm UTC
1 Bedroom
$1,875
2701 Octavia
Audubon
New Orleans, LA
Updated May 25 at 11:21pm UTC
3 Bedrooms
$3,000
1616 Soniat St
Uptown
New Orleans, LA
Updated May 25 at 3:09pm UTC
2 Bedrooms
$1,800
914 Louisiana Ave
East Riverside
New Orleans, LA
Updated May 25 at 3:07pm UTC
3 Bedrooms
$4,500
7836 St Charles
Black Pearl
New Orleans, LA
Updated May 25 at 3:07pm UTC
2 Bedrooms
$1,800
7704 Green Street
East Carrollton
New Orleans, LA
Updated May 22 at 12:30pm UTC
3 Bedrooms
$1,895
7423 Garfield
Black Pearl
New Orleans, LA
Updated May 17 at 10:18am UTC
2 Bedrooms
$1,995
601 Baronne St. #PH2
Central Business District
New Orleans, LA
Updated May 16 at 11:45am UTC
2 Bedrooms
$4,495
50231 Florida Av
Lower Ninth Ward
New Orleans, LA
Updated May 15 at 10:01am UTC
Studio
$7,900
10954 Chaucer St.
Read Boulevard East
New Orleans, LA
Updated May 26 at 9:51am UTC
5 Bedrooms
$2,500
2701 Octavia
Audubon
New Orleans, LA
Updated May 25 at 11:20pm UTC
4 Bedrooms
$4,800
607 Nashville Avenue
West Riverside
New Orleans, LA
Updated May 18 at 11:20pm UTC
4 Bedrooms
$4,500
50232 Florida Av
Lower Ninth Ward
New Orleans, LA
Updated May 18 at 10:22am UTC
Studio
$7,900
515 Filmore Ave.
Lakeview Park
New Orleans, LA
Updated May 17 at 10:16am UTC
4 Bedrooms
$3,499
2218 Broadway St.
Audubon
New Orleans, LA
Updated May 17 at 10:15am UTC
4 Bedrooms
$2,000
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May 2018 New Orleans Rent Report

Welcome to the May 2018 New Orleans Rent Report. New Orleans rents remained steady over the past month. In this report, we'll evaluate trends in the New Orleans rental market, including comparisons to similar cities nationwide.

View full New Orleans Rent Report
Rent Report
New Orleans

May 2018 New Orleans Rent Report

Welcome to the May 2018 New Orleans Rent Report. New Orleans rents remained steady over the past month. In this report, we'll evaluate trends in the New Orleans rental market, including comparisons to similar cities nationwide.

New Orleans rent trends were flat over the past month

New Orleans rents have remained flat over the past month, however, they have increased marginally by 0.9% year-over-year. Currently, median rents in New Orleans stand at $800 for a one-bedroom apartment and $970 for a two-bedroom. New Orleans' year-over-year rent growth leads the state average of 0.1%, but trails the national average of 1.5%.

New Orleans rents more affordable than many large cities nationwide

As rents have increased marginally in New Orleans, a few large cities nationwide have also seen rents grow modestly. New Orleans is still more affordable than most large cities across the country.

  • New Orleans' median two-bedroom rent of $970 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 0.9% increase in New Orleans.
  • While New Orleans' rents rose marginally over the past year, many cities nationwide also saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Denver (+1.6%).
  • Renters will find more reasonable prices in New Orleans than most large cities. For example, San Francisco has a median 2BR rent of $3,060, which is more than three times the price in New Orleans.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.