Over the last couple of months, New Orleans has floated between No. 16 and No. 20 in the rankings of U.S. cities with most expensive rent. As of June of 2017, New Orleans ranked No. 17 on that list.
The data comes from Zumper’s National Rent Report, which evaluates over one million listings in over 100 cities throughout the nation. Specifically, researchers at Zumper analyze one- and two-bedroom units throughout each city.
In its analysis, Zumper highlighted that New Orleans advanced three spots since last month. As of this June, the median rent for a one-bedroom unit increased 3.1 percent, leveling off at $1,330/month. Last May, New Orleans ranked No. 20 nationally as the city with the most expensive rent.
The rent for two-bedroom units saw a slight increase of 0.6 percent, which has an average median rent of price of $1,600.
San Francisco, New York, San Jose, CA; Boston, and Washington, D.C., rank as the five U.S. cities with the most expensive rent.
Last Week, in an aspirational post, Curbed New Orleans highlighted what $1,500 rents in the French Quarter.
To see how New Orleans compares to the nation, check out the graph below.
- Zumper National Rent Report: June 2017 [Zumper]
- New Orleans rent slightly increases, ranking falls [Curbed NOLA]
- New Orleans rent comparison: What $1,500 gets you [Curbed NOLA]