Rent in Louisiana
The median 2-bedroom Fair Market Rent in Louisiana is $1,019/mo, ranking #47 out of 51 states for highest rent. This is $231 below the national median of $1,250/mo. Louisiana has a population of 4.6M. About 32.7% of households rent their homes. Fair Market Rent data covers 18 areas across the state.
Highlights
All 18 Areas in Louisiana
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| New Orleans-Metairie Pop. 989K | $964 | $1,113 | $1,331 | $1,701 | 25.6% | -2.3% |
| Slidell-Mandeville-Covington Pop. 269K | $990 | $1,130 | $1,331 | $1,724 | 20.1% | - |
| Lake Charles Pop. 246K | $921 | $928 | $1,217 | $1,459 | 21.8% | +12.7% |
| Baton Rouge Pop. 871K | $1,032 | $1,064 | $1,204 | $1,511 | 21% | -5.7% |
| Shreveport-Bossier City Pop. 389K | $870 | $982 | $1,111 | $1,458 | 24.4% | +3.5% |
| Houma-Bayou Cane-Thibodaux Pop. 204K | $760 | $904 | $1,102 | $1,330 | 20.6% | - |
| Hammond Pop. 135K | $831 | $848 | $1,099 | $1,372 | 23% | +2.5% |
| Monroe Pop. 225K | $765 | $793 | $1,026 | $1,319 | 25% | +3.1% |
| Lafayette Pop. 411K | $779 | $898 | $1,019 | $1,301 | 20.1% | -1.5% |
| Alexandria Pop. 151K | $728 | $780 | $994 | $1,342 | 21.1% | -0.1% |
| Assumption Parish Pop. 21K | $801 | $806 | $967 | $1,345 | 22.1% | -2.8% |
| Richland Parish Pop. 20K | $754 | $759 | $944 | $1,132 | 21.4% | - |
| St. James Parish Pop. 20K | $697 | $702 | $921 | $1,281 | 17.1% | -2% |
| Acadia Parish Pop. 57K | $607 | $671 | $880 | $1,055 | 23.3% | +7.1% |
| Jefferson Davis Parish Pop. 32K | $601 | $664 | $871 | $1,201 | 18.5% | - |
| Iberville Parish Pop. 30K | $747 | $790 | $866 | $1,204 | 18.1% | -5.7% |
| Morehouse Parish Pop. 25K | $631 | $636 | $834 | $1,143 | 27.1% | +1.5% |
| Vermilion Parish Pop. 57K | $580 | $761 | $834 | $1,100 | 17.4% | +1.5% |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Louisiana is $1,019 per month. Rents range from $834/mo in Vermilion Parish to $1,331/mo in New Orleans-Metairie. The actual median gross rent statewide is $1,038/mo according to Census data.
Louisiana ranks #47 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,019/mo is $231 below the national median of $1,250/mo.
The average rent burden across Louisiana is 21.5%, meaning a typical household would spend 21.5% of income on a 2-bedroom at Fair Market Rent. No areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $60,023.
The most affordable area in Louisiana is Vermilion Parish with a 2-bedroom Fair Market Rent of $834/mo. The median household income there is $57,537.
The most expensive area in Louisiana is New Orleans-Metairie with a 2-bedroom Fair Market Rent of $1,331/mo. The median household income there is $62,271.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.