ZIP Code · LA

ZIP 70114

Part of New Orleans, LA

Pop. 22,659·Orleans Parish·47th most expensive ZIP in Louisiana

Median rent (all units)

$1,458/mo

Year-over-Year

+2.5%

Month-over-Month

+0.6%

vs US Median

-$474

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 70114 · $1,458

More affordable than 76% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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

Compared with the peak

Rent in ZIP 70114 is at its highest level since Zillow's records here began in May 2022.

Past year vs. the rest of Louisiana

Rent in ZIP 70114 changed +2.5% 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 4 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($43,493) is $1,087 a month. That covers HUD's Fair Market Rent for up to a studio ($970); a 1-bedroom is $1,120.

Rank in New Orleans

2nd cheapest of 15 ZIP codes in New Orleans.

Cheaper nearby

ZIP 70058, 5 miles away, rents for 12% less ($1,285/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 70114. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,496/yr

At $1,458/mo median

Location

CityNew Orleans

StateLA

CountyOrleans Parish

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.5% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 70114 (New Orleans, LA) is majority renter-occupied, has a median income below the national average, 27.4% of residents hold a bachelor's degree or higher.

Population

22,659

Median income

$43,493

Median age

40.8

Renters

58.8%

Age distribution

23.2%

19.4%

25.1%

13.7%

18.6%

Under 1823.2%

18–3419.4%

35–5425.1%

55–6413.7%

65+18.6%

Gender

43.6%

56.4%

Male43.6%

Female56.4%

Race & ethnicity

16.1%

72.1%

White16.1%

Black72.1%

Hispanic8.1%

Asian0.7%

Other3.1%

Education (25+)

14.4%

25.8%

32.4%

27.4%

No HS diploma14.4%

HS diploma25.8%

Some college32.4%

Bachelor's+27.4%

Housing tenure

41.2%

58.8%

Owner41.2%

Renter58.8%

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

2023 vs 2026

How ZIP 70114 in New Orleans, LA has changed in 5 years

Rent

$1,296 → $1,458

up 12.5%

Income

$31,779 → $43,493

up 36.9%

Population

21,911 → 22,659

up 3.4%

Renter share

56.4% → 58.8%

+2.4 pts

Bachelor's+

23.8% → 27.4%

+3.6 pts

Median age

41.6 → 40.8

-0.8 yrs

Compared with 2023, rent in ZIP 70114 in New Orleans, LA has increased by $162 per month, settling near $1,458 after starting the period at $1,296. Median household income grew from $31,779 to $43,493 between 2021 and 2024, a 36.9% shift. Income growth outran rent by about 24.4 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 21,911 to 22,659 between 2021 and 2024, a 3.4% change. About 58.8% of households rent today, against 56.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 23.8% to 27.4%. Taken together, the five-year picture in ZIP 70114 in New Orleans, LA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 70114

Last updated: October 17, 2026

ZIP code 70114 covers New Orleans, LA. The median rent here is $1,458/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 40% of local median household income ($43,493/yr), ZIP 70114 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 70114?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (about $28/hour full-time) to afford the median rent of $1,458/mo in ZIP 70114. The local median household income is $43,493/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 70114?

Rent in ZIP 70114 has risen 2.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2022.

How does ZIP 70114 compare to other ZIPs in Louisiana?

ZIP 70114 is in the middle among Louisiana ZIP codes for rent, ranking #47 of 92 at $1,458/mo. Over the year to September 2026, rent in ZIP 70114 changed +2.5%, against a typical +3.0% across the 75 Louisiana ZIP codes Zillow tracks.