Average Rent in New Orleans-Metairie, LA
The Fair Market Rent for a 2-bedroom in New Orleans-Metairie, LA is $1,331 per month, based on HUD data. With a median household income of $62,271, a household would spend 25.6% of income on housing at Fair Market Rent. Rent has decreased 2.3% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $964 |
| 1 Bedroom | $1,113 |
| 2 Bedroom | $1,331 |
| 3 Bedroom | $1,701 |
| 4 Bedroom | $1,996 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $62,271 |
| Rent Burden (2BR FMR / Income) | 25.6% |
| Income Needed for 2BR (30% rule) | $53,240/yr |