ZIP Code · LA

ZIP 70116

Part of New Orleans, LA

Pop. 10,404·Orleans Parish·19th most expensive ZIP in Louisiana

Median rent (all units)

$1,675/mo

Year-over-Year

+5.3%

Month-over-Month

+0.8%

vs US Median

-$257

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 70116 · $1,675

More affordable than 60% 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

$1,160

1 BR

$1,310

2 BR

$1,570

3 BR

$2,000

4 BR+

$2,370

Research median

$1,570/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 70116 is at its highest level since Zillow's records here began in December 2021.

Past year vs. the rest of Louisiana

Rent in ZIP 70116 changed +5.3% 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 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($52,306) is $1,308 a month. That covers HUD's Fair Market Rent for up to a studio ($1,160); a 1-bedroom is $1,310.

Rank in New Orleans

8th cheapest of 15 ZIP codes in New Orleans.

Cheaper nearby

ZIP 70117, 2 miles away, rents for 10% less ($1,502/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 70116. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,100/yr

At $1,675/mo median

Location

CityNew Orleans

StateLA

CountyOrleans Parish

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.3% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 70116 (New Orleans, LA) is roughly split between renters and owners, has a large retiree population, has a median income below the national average, 51.5% of residents hold a bachelor's degree or higher.

Population

10,404

Median income

$52,306

Median age

47.6

Renters

52.5%

Age distribution

23.4%

28%

13.4%

26.9%

Under 188.3%

18–3423.4%

35–5428%

55–6413.4%

65+26.9%

Gender

53.9%

46.1%

Male53.9%

Female46.1%

Race & ethnicity

49.3%

36.2%

White49.3%

Black36.2%

Hispanic11.1%

Other3%

Education (25+)

16.7%

23.6%

51.5%

No HS diploma8.1%

HS diploma16.7%

Some college23.6%

Bachelor's+51.5%

Housing tenure

47.5%

52.5%

Owner47.5%

Renter52.5%

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

2022 vs 2026

How ZIP 70116 in New Orleans, LA has changed in 5 years

Rent

$1,476 → $1,675

up 13.5%

Income

$41,077 → $52,306

up 27.3%

Population

10,901 → 10,404

down 4.6%

Renter share

60.7% → 52.5%

-8.2 pts

Bachelor's+

48.9% → 51.5%

+2.6 pts

Median age

44.7 → 47.6

+2.9 yrs

Five years ago, renters in ZIP 70116 in New Orleans, LA paid around $1,476 a month. That figure now sits near $1,675, up 13.5% from the 2022 baseline. Median household income climbed from $41,077 to $52,306 between 2021 and 2024, a 27.3% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 70116 in New Orleans, LA losing about 497 residents over the five-year window, down 4.6% on net. The renter share has eased from 60.7% to 52.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 48.9% to 51.5% across the same window. Taken together, the five-year picture in ZIP 70116 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 70116

Last updated: October 17, 2026

ZIP code 70116 covers New Orleans, LA. The median rent here is $1,675/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,570/mo.

At 38% of local median household income ($52,306/yr), ZIP 70116 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 70116?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (about $32/hour full-time) to afford the median rent of $1,675/mo in ZIP 70116. The local median household income is $52,306/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 70116?

Rent in ZIP 70116 has risen 5.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2021.

How does ZIP 70116 compare to other ZIPs in Louisiana?

ZIP 70116 is one of the pricier among Louisiana ZIP codes for rent, ranking #19 of 92 at $1,675/mo. Over the year to September 2026, rent in ZIP 70116 changed +5.3%, against a typical +3.0% across the 75 Louisiana ZIP codes Zillow tracks.