New Orleans multifamily market, October 2026

Landlords have the edge in New Orleans, and it is holding steady: asking rents are up 1.8% on a year, while jobs grew 0.9%.

Updated October 31, 2026 · from Zillow, BLS and the US Census Bureau

+1.8%

Asking rent, year over year

Zillow · September 2026

+0.9%

Jobs, year over year

BLS · September 2026, preliminary

9.4%YEARLY

Vacancy

Census · 2024 count

What is moving now

Asking rents are up 1.8% on a year to September 2026, which is the figure the condition is read from. Jobs are up 0.9% over the same year to September 2026, a first release the BLS revises the following month. Nothing is pulling hard either way in the latest figures (September 2026).

The backdrop

These are yearly Census counts, not this month's: 9.4% of rentals sat empty in 2024, permits for new apartments were up 19% in 2025, more people moved out than in in 2025, and the typical rent was $1,262 a month in 2024. They are the background the monthly figures move against, and they are the newest the Census has published.

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Common questions about New Orleans

Answered from the data, updated October 31, 2026

Is the New Orleans rental market tight or soft right now?

In New Orleans right now, landlords have the edge, and it is stable.

Which way is the New Orleans market heading?

New Orleans is stable right now, as asking rents firm over the past year (Zillow ZORI, monthly).

Is New Orleans a landlord's or a renter's market?

New Orleans is a landlord's market right now: landlords have the edge, and it is stable.

What is the vacancy rate in New Orleans?

Vacancy in New Orleans is 9.4% in the 2024 count, a yearly snapshot rather than a monthly reading (US Census Bureau).

How much have New Orleans rents changed?

Asking rents in New Orleans are up 1.8% over the past year (Zillow ZORI, monthly, latest Sep 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

She leads a NOLA nonprofit building affordable, mixed-income housing. Here's how she does it.NOLA.com

New Orleans public housing agency dinged for Section 8 issues in annual scoreNOLA.com

Verot Apartments, A New $35.5 Million, 208-Unit Apartment Complex Coming Soon to Former Dax on Verot PropertyDeveloping Lafayette -

New Orleans planners reject French Quarter short-term rental expansionWWLTV.com

Top Permits: New affordable senior housing planned in Central CityNew Orleans CityBusiness

New Orleans mandated affordable housing. Developers stopped buildingThe Center Square

See all New Orleans news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.
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