Property prices for rent in New Orleans (Louisiana)

The rent prices in real estate in New Orleans, in the Louisiana region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$1,584.67
Average price last 6 months
$6.24
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in New Orleans has had a strong fall during the last 6 months. In July, the average price per sq.feet was $9.02. In the following month the price per sq.feet fell considerably to $1.71. The price for the following two months in (September, October) had a considerable fall of 29 with regard to the previous two months. The price per sq.feet has had a considerable rise of 340 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3.47 to $11.79 during November, and December.

Average price

When referring to the price in New Orleans (cities), this has fallen in the last 6 months. In our first sample month during July, the average price is $1,715. In August This price remains at $1,642. During the following two months (September, October) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,625.5 to $1,503 in November and December.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,487 they are 3 % more affordable than the average price for New Orleans . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,614.

With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.13 / sq.feet, with an average $12.46 / sq.feet price in New Orleans. The properties with the most expensive average prices have 4 bedrooms. They are 154 % more expensive than the average followed by properties with 3 bedrooms with a price at $10.72 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $1,487 it is 27 % more affordable than the average price in New Orleans. "Condo" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Townhouse". At a price of $2,703 it is 83 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.71 / sq.feet followed by "Commercial" priced at $2.11 / sq.feet. "Townhouse" is the most expensive type of property with a $180.19 / sq.feet value followed by "Condo" with an average price of $13.01 / sq.feet.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in New Orleans
Number of properties used in region Louisiana
$1,487
$12.46
2,384
36,482
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value