New Orleans West Bank Rental Rates
You might be surprised to find that average rental rates in the city of New Orleans are actually dropping, moving from $1841 per month in August 2014 to $1698 per month as of August 2016. At the same time, West Bank rental rates have continued to rise, even though it’s by just a small amount.
In August 2014, the average West Bank rental was a 3 bedroom, 2 bath that leased for $1209 per month. In August 2016, that average has increased to $1294 per month.
How do New Orleans West Bank rental rates differ by area?
Demand, of course, is a strong factor in how high the rents are in any community, so we decided to break down 2016 rentals by MLS areas (see the map below)
The breakdown
Highest number of properties rented: Terrytown, with 51 units leased this year
Lowest number of properties rented: Algiers/English Turn area, with 6 units leased this year
Most expensive community: Algiers/English Turn area, with an average rental rate of $3,429 per month.
**Note that Belle Chasse is not far behind, with average rates of more than $2,700 per month, mostly driven by access to their public school system and to NAS JRB
Least expensive community: Westwego, with an average rental rate of $895 per month
Remember, these are just averages. There are certainly units priced both higher and lower than these numbers in each neighborhood, but it’s a good idea for tenants (and investors/landlords) to see where prices are going.
Start Your New Orleans West Bank Rental Search Here
Beds
Baths
SqFt
Beds
Baths
SqFt
Terms and Conditions: Listings Courtesy of Gulf South Real Estate Information Network. Copyright New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. The sharing of the MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited.
Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS®, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy completeness, currency or suitability of the information provided. They specifically disclaim any and all liability for all claims and damages that may result from providing information to be used on the web site, or the information which it contains, including any websites maintained by third parties, which may be linked to this web site.
The information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing. The user of this site is granted permission to copy a reasonable and limited number of copies to be used in satisfying the purposes identified in the preceding sentence.
By using this site, you signify your agreement with and acceptance of these terms and conditions. If you do not accept this policy, please do not use this site in any way. Your continued use of this site, and/or its affiliates' sites, following the posting of changes to these terms will mean you accept those changes, regardless of whether you are provided with additional notice of such changes.