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City Report · LA

New Iberia

Pop. 27,571·37th most expensive in Louisiana·New Iberia rents are up 13.7% over the past year
Median rent (all units)
$1,274/mo
Year-over-Year
+13.7%
Month-over-Month
-2.7%
vs US Median
-$691
Falling (Monthly)
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Most AffordableMost Expensive
New Iberia · $1,274
More affordable than 89% of US cities · National median $1,965/mo
Affordability
32% of income
MODERATE
0%30% benchmark60%+

At $1,274/mo, rent takes about 32% of the local median household income, slightly above the 30% benchmark.

Income to afford
$51,000/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
Research median
$940/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$15,288/yr
At $1,274/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 13.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+13.7% YoY, -2.7% MoM), not inventory.
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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

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

Can you afford rent in New Iberia on your salary?

At $1,274/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: July 20, 2026

The median rent in New Iberia is $1,274/mo as of July 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 32% of local median household income ($47,087/yr), New Iberia ranks as moderate compared to the national benchmark of 30%. Rents have increased 13.7% over the past year.

FAQ

Frequently asked questions

Is New Iberia an affordable city for renters?

New Iberia is considered moderate for renters. At $1,274/mo, rent takes approximately 32% 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 $51,000/year (~$25/hour full-time) to afford the median rent of $1,274/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 13.7% over the past year as of July 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 #37 out of 46 tracked cities at $1,274/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 $1,274/mo is $691 (35%) below the US national median of $1,965/mo. Within Louisiana, it ranks #37 out of 46 tracked cities.
Income Affordability
32%
MODERATE

At $1,274/mo, rent takes ~32% of New Iberia's median household income ($47,087/yr). The standard benchmark is 30%.

New Iberia 32%Benchmark 30%
State income tax1.85–4.25%
Run the New Iberia affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near New Iberia, LA

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