Average Rent Prices in Louisiana (LA)
$7641
Studio
$8331
1BR
$1,0141
2BR
$1,3111
3BR
$1,5061
4BR
As of 2024, the overall average fair market rent for a residential rental property in Louisiana is $1,086. Average rent prices in Louisiana sit below the national average rent of $1,274, in which Louisiana ranks as the as the 9th lowest rent among all 50 states and the 42nd highest rent among all 50 states within the United States. In Louisiana’s large metropolitan areas such as New Orleans, LA, the average rent prices tend to be higher, while alternative areas such as Lafayette, LA, can provide more affordable options.
Louisiana (LA) National Rent Rankings
42nd
Highest Rent Among 50 States
9th
Lowest Rent Among 50 States
Below
The National Rent Average
Average Rent Prices in Louisiana (LA) Visual Chart
Studio
A one-room unit with a private bathroom.
1BR
A unit that has a separate bathroom and a separate bedroom.
2BR
A unit that has two separate and distinct bedrooms.
3BR
A unit that has 3 separate and distinct bedrooms.
4BR
A unit that has 4 separate and distinct bedrooms.
Fair Market Rent
Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in Louisiana (LA) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Acadia Parish, LA HUD Metro FMR Area | 557 | 626 | 822 | 1006 | 1.128 |
| 2 | Alexandria, LA MSA | 674 | 757 | 995 | 1343 | 1.489 |
| 3 | Assumption Parish, LA HUD Metro FMR Area | 863 | 886 | 995 | 1402 | 1.654 |
| 4 | Baton Rouge, LA HUD Metro FMR Area | 1.107 | 1.124 | 1.277 | 1598 | 2.125 |
| 5 | Hammond, LA MSA | 829 | 834 | 1.072 | 1296 | 1.428 |
| 6 | Houma-Thibodaux, LA MSA | 757 | 900 | 1.117 | 1397 | 1.519 |
| 7 | Iberia Parish, LA HUD Metro FMR Area | 685 | 690 | 906 | 1167 | 1.510 |
| 8 | Iberville Parish, LA HUD Metro FMR Area | 796 | 818 | 918 | 1294 | 1.462 |
| 9 | Lafayette, LA HUD Metro FMR Area | 701 | 921 | 1.034 | 1344 | 1.755 |
| 10 | Lake Charles, LA MSA | 835 | 840 | 1.080 | 1333 | 1.438 |
| 11 | Monroe, LA HUD Metro FMR Area | 753 | 757 | 995 | 1245 | 1.325 |
| 12 | Morehouse Parish, LA HUD Metro FMR Area | 646 | 650 | 822 | 1034 | 1.229 |
| 13 | New Orleans-Metairie, LA HUD Metro FMR Area | 986 | 1.149 | 1.362 | 1750 | 2.039 |
| 14 | Shreveport-Bossier City, LA MSA | 779 | 927 | 1.073 | 1358 | 1.486 |
| 15 | St. James Parish, LA HUD Metro FMR Area | 681 | 715 | 940 | 1325 | 1.408 |
| 16 | Vermilion Parish, LA HUD Metro FMR Area | 568 | 732 | 822 | 1091 | 1.095 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2024.
Louisiana (LA) Residential Rental Agreements
An Louisiana (LA) residential lease agreement is a rental property document that includes the terms and conditions between a landlord who rents the property and the tenant in the state of Louisiana. The contract outlines essential information, such as rent amount, applicable late fees, grace periods, and landlord-tenant responsibilities.
Average Rent Prices in Other US States 2024
Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:
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1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.