Markets › New Orleans
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New Orleans LA Apartment Market Read
Covers New Orleans and Metairie.
Current market read
Landlord’s market
ConditionFirm
The yearly data reads a landlord's market, and the monthly figures, asking rents and jobs are holding steady.
From public data. The situation now, not a forecast.
Renter Google searchabout 2,900 searches in August 2026 · HousesSee read → What renters Google mostHousesSee all →
Renter Google Search InterestGoogle · monthly
About 2,900 searches in August 2026, for New Orleans on its own
November is usually one of the quietest months for renter searches here.
Attention, not a verdict. Google searches for apartments to rent.
METROSGNL PRO
We watch New Orleans for you.
The day asking rent growth (now +1.8%) or job growth (now +0.9%) moves half a point, you get an email. Plus two years of history and the report.
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Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Stable
Nothing is pulling hard either way in the latest figures (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
+0.9%
▲ Hiring, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$1,450 a month
September 2026, ▲ up 1.8% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +8.9% · US avg +4.6%
Median rentCENSUS · 2024
$1,262/mo
Typical rent. A yearly count, last taken 2024
Median rent · 8 yearly counts
2017 to 2025, no 2020, with Pro
In the news · New OrleansNEWS · DAILY
Latest local coverage, 5 days ago. softer neutral firmer
She leads a NOLA nonprofit building affordable, mixed-income housing. Here's how she does it.New Orleans public housing agency dinged for Section 8 issues in annual scoreVerot Apartments, A New $35.5 Million, 208-Unit Apartment Complex Coming Soon to Former Dax on Verot PropertyView all 6 New Orleans news →Demand vs supplyCENSUS + BLS
Weak demand
DEMAND
Jobs+0.9%
Migration 2025−9.2/1k
SUPPLY
Permits 2025+19%
Vacancy 20249.4%
Rent vs buyWEEKLY RATE · 2024 RENT
+$714/mo
Cheaper to rent than buying
rent $1,262 · own $1,976
$1,262RENT
$1,976OWN
Domestic migrationCENSUS · 2025
−9.2/1k
▼ More people left for other US places than moved in. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.