Property prices for rent in New Orleans (Louisiana)

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

$1,776.17
Average price last 6 months
$20.72
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in New Orleans has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.83. In December this price barely changed remaining at $1.87 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 1728 %. The price per sq.feet has had a considerable rise of 167 % 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 $16.91 to $28.32 during March, and April.

Average price

When referring to the price in New Orleans (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,726. In December This price remains at $1,659. During the following two months (January, February) the price has had an average rise from $1,692.5 to $1,810.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,751.5 and $1,825.5 between March and April.

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 $1,720 they are 13 % more affordable than the average price for New Orleans . The properties with the highest average price have 4 bedrooms, Their price is 67 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,984.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.53 / sq.feet, with an average $15.95 / sq.feet price in New Orleans. The properties with the most expensive average prices have 1 bedroom. They are 3 % more expensive than the average followed by properties with 2 bedrooms with a price at $13.57 / 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 $1,720 it is 32 % more affordable than the average price in New Orleans. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,722 it is 18 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Villa" at an average price of $1.13 / sq.feet followed by "Commercial" priced at $1.46 / sq.feet. "Townhouse" is the most expensive type of property with a $135 / sq.feet value followed by "Condo" with an average price of $2.58 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in New Orleans
Number of properties used in region Louisiana
$1,720
$15.95
13,838
38,714
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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