Rent by ZIP · Orleans Parish
Rent in New Orleans, LA 70118
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,660 (+19.4% vs FY2026). Renters in this ZIP code pay a median $1,333 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,230 | $1,020 | +20.6% | $1,107–1,353 | $1,119 ±$296 |
| 1 bedroom | $1,380 | $1,160 | +19% | $1,242–1,518 | $1,144 ±$40 |
| 2 bedrooms | $1,660 | $1,390 | +19.4% | $1,494–1,826 | $1,481 ±$119 |
| 3 bedrooms | $2,130 | $1,770 | +20.3% | $1,917–2,343 | $1,724 ±$220 |
| 4 bedrooms | $2,500 | $2,100 | +19% | $2,250–2,750 | $2,380 ±$937 |
Small Area FMRs for the New Orleans-Metairie, LA HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for New Orleans-Metairie, LA HUD Metro FMR Area, 2 bedrooms: $1,480.
What renters pay in 70118
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 70117 | New Orleans | $1,500 | $1,295 |
| 70119 | New Orleans | $1,750 | $1,472 |
| 70116 | New Orleans | $1,540 | $1,711 |
| 70115 | New Orleans | $1,980 | $1,647 |
| 70121 | New Orleans | $1,360 | $1,258 |
| 70114 | New Orleans | $1,430 | $1,229 |
Fair Market Rents across Orleans Parish, LA · All LA counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.