Louisiana (LA) Average Rent Prices 2024

Average Rent Prices in Louisiana (LA)

$7641

Studio

$8331

1BR

$1,0141

2BR

$1,3111

3BR

$1,5061

4BR

Kentucky (KY) Rent Prices

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:

The Ultimate Guide to Rent Payments

Rental Property Rent Payments

Rent payments are the financial lifeblood for rental properties, but require fair and competitive pricing and effective collections.

The Ultimate Guide to Security Deposits

Rental Property Security Deposits

Security deposits play a key role in risk mitigation against potential tenant-related damages or contractual breaches.

The Ultimate Guide to Rental Utilities

Rental Property Utilities

Rental property utilities whether they are included or not, represent a significant consideration for both landlords and tenants.

Average Rent in the United States

Average Rent in the United States

Average rent prices across the United States provide excellent insights into highs, lows, and emerging market trends.

Cheapest Rent in the United States

The cheapest rent in the U.S. is an appealing topic for thrifty tenants and investors seeking lower price point properties.

Most Expensive Rent in the United States

It’s no secret that rents have been continually on the rise, but where are rents really the highest in the United States?

Rental Property Calculators

Our rental property calculators help you easily calculate common metrics such as rent increases, late fees, and more. Click on a calculator or button below to start using them for free – no sign up required.

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.

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