For the past month, rent has been a hot topic for New Orleans.
New Orleans ranked No. 1 in the city with the highest rent hikes in the nation in the past six months.
However, this month Zumper revealed that New Orleans ranks No. 22 in the city with the most expensive rent. Last July, New Orleans ranked No. 18.
The rent analysis 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.
This past July, the average one-bedroom unit in New Orleans rented for $1,260/month, about five percent less than last June. Two-bedroom apartments have remained the same at $1,600/month.
Check out the graph below to see how New Orleans compares to the national fluctuation of rent prices.
- New Orleans metro must add 7K apartments by 2030 to meet rising demand, study shows [Curbed NOLA]
- Study shows New Orleans metro area ranks low in apartment development [Curbed NOLA]
- New Orleans ranks as city with highest rent hike over the past six months [Curbed NOLA]
- Zumper National Rent Report: August 2017 [Official Site]