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ZIP Code · LA

ZIP 70116

Pop. 10,404·Orleans Parish·24th most expensive ZIP in Louisiana
Median rent (all units)
$1,634/mo
Year-over-Year
-4.1%
Month-over-Month
+6.2%
vs US Median
-$331
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 70116 · $1,634
More affordable than 64% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$19,608/yr
At $1,634/mo median
Location
StateLA
CountyOrleans Parish
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (-4.1% YoY, +6.2% 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

2021 vs 2026

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

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

Median household income climbed from $41,077 to $52,306 between 2021 and 2024, a 27.3% shift. 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.

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Local insights

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About renting in ZIP 70116

Last updated: July 20, 2026

ZIP code 70116 covers New Orleans, LA. The median rent here is $1,634/mo as of July 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,570/mo.

At 37% of local median household income ($52,306/yr), ZIP 70116 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 4.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 70116?

As of July 20, 2026, the median monthly rent in ZIP 70116 (New Orleans, LA) is $1,634. This is based on aggregated data from public sources and community submissions.

How does ZIP 70116 rent compare to the US average?

ZIP 70116's median rent of $1,634/mo is $331 (17%) below the US national median of $1,965/mo.

How does ZIP 70116 compare to other ZIPs in Louisiana?

ZIP 70116 is one of the pricier ZIP codes in Louisiana, ranking #24 out of 91 ZIPs tracked at $1,634/mo.

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 $65,000/year (~$31/hour full-time) to afford the median rent of $1,634/mo in ZIP 70116. The local median household income is $52,306/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 70116?

Rent in ZIP 70116 has decreased 4.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 70116 an affordable place to rent?

ZIP 70116 is considered moderate for renters. At $1,634/mo, rent takes approximately 37% of the local median household income ($52,306/yr). The standard benchmark is 30%. ZIP 70116 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 70116 residents rent vs. own?

According to Census data, approximately 52.5% of ZIP 70116 households are renters, while 47.5% are owner-occupied. With a majority renter population, ZIP 70116 has a strong rental market.

How does ZIP 70116 compare to the rest of New Orleans?

ZIP 70116 is more affordable than New Orleans overall. At $1,634/mo, it's $30 below the New Orleans citywide median of $1,664/mo.

When was rent data for ZIP 70116 last updated?

Rent data for ZIP 70116 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
37%
MODERATE

At $1,634/mo, rent takes ~37% of ZIP 70116's median household income ($52,306/yr). The standard benchmark is 30%.

ZIP 70116 37%Benchmark 30%
State income tax1.85–4.25%
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Schools nearby

Public schools near ZIP 70116 (New Orleans, LA)

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