RentDataNowRentDataNow
City Report · LA

New Iberia

Pop. 27,571·39th most expensive in Louisiana·New Iberia rents are up 5.7% over the past year
Median rent (all units)
$1,206/mo
Year-over-Year
+5.7%
Month-over-Month
-5.3%
vs US Median
-$756
Falling (Monthly)
Be the first to discuss New Iberia rents ↓
Most AffordableMost Expensive
New Iberia · $1,206
More affordable than 92% of US cities · National median $1,962/mo
Affordability
31% of income
MODERATE
0%30% benchmark60%+

At $1,206/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford
$48,000/yr
Local median income
$47,087/yr
Based on the 30%-of-income rule using New Iberia's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$710
1 BR
$830
2 BR
$940
3 BR
$1,210
4 BR+
$1,580
Fair Market Rent (HUD)
$940/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,206 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost
$14,472/yr
At $1,206/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 5.7% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+5.7% YoY, -5.3% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

New Iberia, LA is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 17.3% of residents hold a bachelor's degree or higher.

Population
27,571
Median income
$47,087
Median age
37
Renters
48.5%
Age distribution
25.9%
22.5%
21.9%
18.2%
Under 1825.9%
18–3422.5%
35–5421.9%
55–6411.5%
65+18.2%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
42.9%
45.6%
White42.9%
Black45.6%
Hispanic5.9%
Asian2.8%
Other2.8%
Education (25+)
17.4%
39.3%
26%
17.3%
No HS diploma17.4%
HS diploma39.3%
Some college26%
Bachelor's+17.3%
Housing tenure
51.5%
48.5%
Owner51.5%
Renter48.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How New Iberia, LA has changed in 5 years

Income
$43,734 → $47,087
up 7.7%
Population
28,844 → 27,571
down 4.4%
Renter share
48.2% → 48.5%
+0.3 pts
Bachelor's+
18% → 17.3%
-0.7 pts
Median age
34.4 → 37
+2.6 yrs

Census figures show median household income at $47,087 today, compared with $43,734 five years earlier. The population has contracted by 4.4% since 2021, moving from about 28,844 residents to roughly 27,571.

Community

Discussions about New Iberia

No discussions yet. Start the conversation.

View New Iberia rent history (2015–2026) →
Salary vs rent

Can you afford rent in New Iberia on your salary?

At $1,206/mo, how New Iberia rent compares to typical pay (30% rule).

By apartment size

New Iberia rent by bedroom count

Median rent for each apartment size in New Iberia. Click any size for full breakdown.

Local insights

Tips for renters in New Iberia

About renting in New Iberia, LA

Last updated: August 17, 2026

The median rent in New Iberia is $1,206/mo as of August 2026. A studio apartment averages $710/mo while a 2-bedroom runs $940/mo. One-bedroom apartments average $830/mo and 3-bedroom units go for $1,210/mo.

At 31% of local median household income ($47,087/yr), New Iberia ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.7% over the past year.

FAQ

Frequently asked questions

Is New Iberia an affordable city for renters?

New Iberia is considered moderate for renters. At $1,206/mo, rent takes approximately 31% of the local median household income ($47,087/yr). The standard benchmark is 30%. New Iberia slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in New Iberia?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (~$23/hour full-time) to afford the median rent of $1,206/mo in New Iberia. The local median household income is $47,087/yr, meaning the typical New Iberia household falls short of that threshold.

Is rent going up or down in New Iberia?

Rent in New Iberia has increased 5.7% over the past year as of August 2026, putting upward pressure on renter budgets.

How does New Iberia rent compare to other cities in Louisiana?

New Iberia is one of the more affordable cities in Louisiana for rent, ranking #39 out of 46 tracked cities at $1,206/mo.

What percentage of New Iberia residents rent vs. own?

According to Census data, approximately 48.5% of New Iberia households are renters, while 51.5% are owner-occupied. New Iberia leans toward homeownership, which can mean a smaller rental inventory.

How does New Iberia rent compare to the national average?

New Iberia's median rent of $1,206/mo is $756 (39%) below the US national median of $1,962/mo. Within Louisiana, it ranks #39 out of 46 tracked cities.
Income Affordability
31%
MODERATE

At $1,206/mo, rent takes ~31% of New Iberia's median household income ($47,087/yr). The standard benchmark is 30%.

New Iberia 31%Benchmark 30%
State income tax1.85–4.25%
Run the New Iberia affordability calculator →
Lowest-rent ZIP codes in New Iberia
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near New Iberia, LA

Recent submissions

Be the first to submit your rent for New Iberia.

Recent discussions

No discussions yet.

Add RentDataNow as a preferred source on Google