ZIP Code · LA

ZIP 70112

Part of New Orleans, LA

Pop. 3,490·Orleans Parish·11th most expensive ZIP in Louisiana

Median rent (all units)

$1,739/mo

Year-over-Year

+1.8%

Month-over-Month

+0.7%

vs US Median

-$193

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 70112 · $1,739

More affordable than 55% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$970

1 BR

$1,120

2 BR

$1,340

3 BR

$1,710

4 BR+

$2,000

Research median

$1,340/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 70112 usually run 1% below trend in January and 1.3% above it in April, about $40 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 70112 is 2.6% below its high of $1,786 in July 2022, at $1,739 as of September 2026.

Past year vs. the rest of Louisiana

Rent in ZIP 70112 changed +1.8% over the year to September 2026. Across the 75 Louisiana ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has risen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($19,395) is $485 a month. That is less than HUD's Fair Market Rent for a studio ($970).

Rank in New Orleans

11th cheapest of 15 ZIP codes in New Orleans.

Cheaper nearby

ZIP 70119, 1 mile away, rents for 11% less ($1,545/mo), about $2,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 70112. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,868/yr

At $1,739/mo median

Location

CityNew Orleans

StateLA

CountyOrleans Parish

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.8% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 70112 (New Orleans, LA) is majority renter-occupied, has a median income below the national average, 44.7% of residents hold a bachelor's degree or higher.

Population

3,490

Median income

$19,395

Median age

39.6

Renters

90.7%

Age distribution

12.1%

29.9%

26.6%

19.9%

Under 1812.1%

18–3429.9%

35–5426.6%

55–6419.9%

65+11.5%

Gender

43.7%

56.3%

Male43.7%

Female56.3%

Race & ethnicity

33.4%

46.6%

White33.4%

Black46.6%

Hispanic6.8%

Asian11.3%

Other1.8%

Education (25+)

29.2%

17%

44.7%

No HS diploma9.1%

HS diploma29.2%

Some college17%

Bachelor's+44.7%

Housing tenure

90.7%

Owner9.3%

Renter90.7%

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

2021 vs 2026

How ZIP 70112 in New Orleans, LA has changed in 5 years

Rent

$1,573 → $1,739

up 10.6%

Income

$32,654 → $19,395

down 40.6%

Population

3,869 → 3,490

down 9.8%

Renter share

90.1% → 90.7%

+0.6 pts

Bachelor's+

45.6% → 44.7%

-0.9 pts

Median age

33.5 → 39.6

+6.1 yrs

Since 2021, the typical rent in ZIP 70112 in New Orleans, LA has increased from $1,573 to $1,739, a 10.6% change over five years. Household income in the area moved from $32,654 to $19,395 across the same window, down 40.6% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 9.8% since 2021, moving from about 3,869 residents to roughly 3,490. Reading these numbers side by side helps frame whether current listings in ZIP 70112 in New Orleans, LA look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 70112

Last updated: October 17, 2026

ZIP code 70112 covers New Orleans, LA. The median rent here is $1,739/mo as of October 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,340/mo.

At 108% of local median household income ($19,395/yr), ZIP 70112 ranks as expensive compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 70112?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (about $34/hour full-time) to afford the median rent of $1,739/mo in ZIP 70112. The local median household income is $19,395/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 70112?

Rent in ZIP 70112 has risen 1.8% over the past year as of September 2026. It sits 2.6% below its high of $1,786 in July 2022.

When is the cheapest time to rent in ZIP 70112?

Asking rents in ZIP 70112 are usually lowest in January, about 1% below their yearly trend, and highest in April, about 1.3% above it. At today's median that is a gap of roughly $40 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 70112 compare to other ZIPs in Louisiana?

ZIP 70112 is one of the pricier among Louisiana ZIP codes for rent, ranking #11 of 92 at $1,739/mo. Over the year to September 2026, rent in ZIP 70112 changed +1.8%, against a typical +3.0% across the 75 Louisiana ZIP codes Zillow tracks.