See all rent data for New Orleans, LA →
Typical Rent in 70131 — New Orleans, LA
The typical 1-bedroom rent in 70131 (New Orleans, LA) is $1,151/month as of 2026, based on 5 data sources. Rents have fallen 6.2% year over year, so an increase above 6.2% exceeds the local market trend. Studio: $970. 2-bedroom: $1,340.
Rents in New Orleans have changed approximately -10.2% – -0.9% over the past year based on local market data. Rents are declining in this area — any increase is above the local market trend.
Estimated Rent · 1-Bedroom
$1,151/mo
Source: HUD Estimated Rent
Data through
Based on 5 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 70131 (New Orleans, LA) is $1,120 for FY2026.
Rents in 70131 have decreased 6.2% year-over-year based on local market data.
The confidence level for this estimate is high based on 5 data sources.
Based on local market data, a fair rent increase in New Orleans (70131) is approximately 6.2% for 2026. The typical 1-bedroom rent is $1,151/month. Any increase significantly above 6.2% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 70131 (New Orleans)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 70131 (New Orleans) typically rents for $970 – $1,048.
Rents above $1,205 are in the top 25% for this area.
A 1-bedroom in 70131 (New Orleans) typically rents for $1,120 – $1,210.
Rents above $1,392 are in the top 25% for this area.
A 2-bedroom in 70131 (New Orleans) typically rents for $1,340 – $1,447.
Rents above $1,664 are in the top 25% for this area.
A 3-bedroom in 70131 (New Orleans) typically rents for $1,710 – $1,847.
Rents above $2,124 are in the top 25% for this area.
A 4-bedroom in 70131 (New Orleans) typically rents for $2,000 – $2,160.
Rents above $2,484 are in the top 25% for this area.
Current Asking Rents in 70131
What are apartments actually renting for near 70131? Click below to see live asking rents from current listings.
Live market data · Updated daily
Rent Increase Laws in Louisiana →
▶Full market data
Rent Trends in New Orleans, LA
-6.2%
Rents in 70131 (New Orleans) are cooling at -6.2% year-over-year.
− Estimated trend
Market sources range from -10.2% to -0.9%
Why the range? Zillow ZORI tracks what landlords are asking for units (-10.2%), while Apartment List tracks what renters actually sign leases at (-4.7%).When signed-lease rents outpace asking rents, it typically signals strong demand and limited room to negotiate.
Local vacancy rate: 5.8%
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent
Federal Rent Benchmarks for 70131
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the New Orleans-Metairie, LA HUD Metro FMR Area area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $970 | $1,018 |
| 1-Bedroom | $1,120 | $1,151 |
| 2-Bedroom | $1,340 | $1,382 |
| 3-Bedroom | $1,710 | $1,757 |
| 4-Bedroom | $2,000 | $2,090 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 70131
What is the average 1-bedroom rent in 70131?
The typical 1-bedroom rent in 70131 (New Orleans, LA) is $1,151/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $970 and 2-bedroom rent at $1,340.
What is a fair rent increase in 70131?
A rent increase up to about 6.2% is in line with the recent local market trend in 70131. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 70131?
Rents in 70131 have fallen 6.2% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 70131?
On this page, studio rent in 70131 is $970/month and 2-bedroom rent is $1,340/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
Renting in New Orleans, LA? Your rent could be building your credit.
Report your monthly rent payments to all 3 credit bureaus — the same ones your next landlord will check. Takes 2 minutes to set up.
RenewalReply may earn a commission at no cost to you. Learn more
Renters insurance from $5/mo
Protect your belongings from theft, fire, and water damage. Takes 2 minutes and most landlords require it.
RenewalReply may earn a commission at no cost to you. Learn more
Renter Tools
Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 70131 ($1,120/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in New Orleans, LA
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →