Rent in New Orleans remained a hot topic in July after ABODO ranked it No. 1 as the U.S. city with the highest rent hikes for the first half of 2017.
This month Zumper revealed that New Orleans ranks No. 24 as the city with the highest rent. Last Month New Orleans ranked No. 22, and reached a high of No. 16 this past April.
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.
In New Orleans, the average rent of a one-bedroom apartment fell 0.8 percent, averaging at $1,250/month. Two-bedrooms in New Orleans dropped 1.3 percent, leveling off at $1,580/month.
Nationally, rent for one-bedroom apartments increased 0.6 percent, averaging $1,183/month. Rent for two-bedroom apartments grew 0.2 percent, stabilizing at $1,402/month.
Check out the graph below to see how New Orleans compares to the national fluctuation of rent prices.
- New Orleans ranks as city with highest rent hike over the past six months [Curbed NOLA]
- Zumper National Rent Report: September 2017 [Official Site]
- New Orleans one-bedroom rent falls during July [Curbed NOLA]
- New Orleans rent cost analysis April 2017 [Curbed NOLA]