Louisiana renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Louisiana is about $991 per month. This puts it in the 1st percentile compared to the nation average cost of rent, which is $1,307. Households in Louisiana have a median income of $5,413 per month so the average renter in Louisiana is spending roughly 18% of their earnings on housing.
Nationally, and in Louisiana, home values are the data point most closely correlated with the cost of rent. The median price of a home in Louisiana is $194,522 right now, which is higher than nearby states, meaning that rents in Louisiana also tend to be higher versus these nearby states.
Higher rent prices are common in the eastern parts of Louisiana while lower rent rates are often available in northeastern areas.
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