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LA/Orleans Parish/New Orleans

New Orleans, LA

CitySAFMR
Orleans Parish
Found 51 ZIPs
Zillow

City Median Investment Score

100Above average

095130300
BRFMR
Eff. Rent
0 BR$880 – $1,640$970 – $1,490
1 BR$1,010 – $1,840$1,020 – $1,890
2 BR$1,210 – $2,220$1,200 – $2,440
3 BR$1,540 – $2,850$1,320 – $2,990
4 BR$1,800 – $3,350$1,470 – $3,690
5 BR$2,657Not available
6 BR$3,055Not available
7 BR$3,513Not available
8 BR$4,040Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
22
0.65-1.16
1 BR
26
0.67-1.20
2 BR
25
0.54-1.19
3 BR
22
0.43-1.39
4 BR
22
0.35-1.47
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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New Orleans, LA fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 51 ZIP codes in New Orleans, LA ranges from $1,210 to $2,220 a month, with a median of $1,530. That is up 11.7% from $1,370 in FY 2026. New Orleans is in the New Orleans-Metairie, LA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,480. The median county two-bedroom FMR in Louisiana is $995, so New Orleans is 54% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for New Orleans, LA
BedroomsFY 2027Change90–110% range
Studio$1,130+11.9%$1,017–$1,243
1BR$1,270+11.4%$1,143–$1,397
2BR$1,530+11.7%$1,377–$1,683
3BR$1,960+12.6%$1,764–$2,156
4BR$2,310+11.6%$2,079–$2,541

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for New Orleans, LA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,130$1,270$1,530$1,960$2,310
FY 2026$1,010$1,140$1,370$1,740$2,070
FY 2025$1,090$1,260$1,510$1,930$2,270
FY 2024$1,010$1,170$1,390$1,790$2,080
FY 2023$870$1,030$1,210$1,560$1,810

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
70130$2,220+45.1%
70124$2,180+42.5%
70115$1,980+29.4%
70119$1,750+14.4%
70118$1,660+8.5%
70123$1,630+6.5%
70125$1,620+5.9%
70122$1,590+3.9%
70116$1,540+0.7%
70139$1,5300.0%
70145$1,5300.0%
70146$1,5300.0%
70150$1,5300.0%
70151$1,5300.0%
70152$1,5300.0%
70153$1,5300.0%
70156$1,5300.0%
70157$1,5300.0%
70158$1,5300.0%
70163$1,5300.0%
70170$1,5300.0%
70172$1,5300.0%
70174$1,5300.0%
70175$1,5300.0%

Showing the 24 highest of 48 ZIP codes.

Questions about New Orleans, LA rents

How much will Section 8 pay for a two-bedroom in New Orleans, LA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,480, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,332 to $1,628 a month; under the ZIP-level Small Area FMR of $1,530 it would be $1,377 to $1,683. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is New Orleans, LA in?

New Orleans, LA is in the New Orleans-Metairie, LA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,480.

How much did fair market rent change in New Orleans, LA for FY 2027?

The two-bedroom FMR rose 11.7%, from $1,370 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 26.4%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentLA statewide rentsWhat is SAFMR?Data sources