ZIP Code · LA

ZIP 70117

Pop. 25,652·Orleans Parish·38th most expensive ZIP in Louisiana
Median rent (all units)
$1,502/mo
Year-over-Year
+2.2%
Month-over-Month
Stable
vs US Median
-$430
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 70117 · $1,502
More affordable than 73% 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

November. Asking rents in ZIP 70117 usually run 1% below trend in November and 0.9% above it in April, about $29 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 70117 is 0.1% below its high of $1,503 in June 2026, at $1,502 as of September 2026.

Past year vs. the rest of Louisiana

Rent in ZIP 70117 changed +2.2% over the year to September 2026. Across the 75 Louisiana ZIP codes Zillow tracks, the typical change was +3.0%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 70117 rose 32.1% while median household income rose 51.2% ($30,264 to $45,764). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 70117 is 35.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($45,764) is $1,144 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,120); a 2-bedroom is $1,340.

Rank in New Orleans

5th cheapest of 15 ZIP codes in New Orleans.

Cheaper nearby

ZIP 70058, 7 miles away, rents for 14% less ($1,285/mo), about $2,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 70117. 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
$18,024/yr
At $1,502/mo median
Location
StateLA
CountyOrleans Parish
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.2% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 70117 (New Orleans, LA) is roughly split between renters and owners, has a median income below the national average, 35.8% of residents hold a bachelor's degree or higher.

Population
25,652
Median income
$45,764
Median age
39.6
Renters
47.8%
Age distribution
18.7%
22.6%
31.3%
12.8%
14.7%
Under 1818.7%
18–3422.6%
35–5431.3%
55–6412.8%
65+14.7%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
31.4%
59.4%
White31.4%
Black59.4%
Hispanic4.1%
Asian0.6%
Other4.4%
Education (25+)
28.1%
26%
35.8%
No HS diploma10.1%
HS diploma28.1%
Some college26%
Bachelor's+35.8%
Housing tenure
52.2%
47.8%
Owner52.2%
Renter47.8%

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

2020 vs 2026

How ZIP 70117 in New Orleans, LA has changed in 5 years

Rent
$1,083 → $1,502
up 38.7%
Income
$33,374 → $45,764
up 37.1%
Population
27,009 → 25,652
down 5.0%
Renter share
53.4% → 47.8%
-5.6 pts
Bachelor's+
29.6% → 35.8%
+6.2 pts

Rent in ZIP 70117 in New Orleans, LA has climbed 38.7% since 2020, going from about $1,083 per month to roughly $1,502 today. Median household income grew from $33,374 to $45,764 between 2021 and 2024, a 37.1% shift. Headcount in the area went from 27,009 to 25,652 between 2021 and 2024, a 5.0% change. About 47.8% of households rent today, against 53.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 29.6% to 35.8%. Taken together, the five-year picture in ZIP 70117 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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Local insights

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About renting in ZIP 70117

Last updated: October 17, 2026

ZIP code 70117 covers New Orleans, LA. The median rent here is $1,502/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 39% of local median household income ($45,764/yr), ZIP 70117 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 70117?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (about $29/hour full-time) to afford the median rent of $1,502/mo in ZIP 70117. The local median household income is $45,764/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 70117?

Rent in ZIP 70117 has risen 2.2% over the past year as of September 2026. It sits 0.1% below its high of $1,503 in June 2026.

When is the cheapest time to rent in ZIP 70117?

Asking rents in ZIP 70117 are usually lowest in November, about 1% below their yearly trend, and highest in April, about 0.9% above it. At today's median that is a gap of roughly $29 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 70117?

No. From 2019 to 2024, rent in ZIP 70117 rose 32.1% while median household income rose 51.2%, from $30,264 to $45,764. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 70117 compare to other ZIPs in Louisiana?

ZIP 70117 is in the middle among Louisiana ZIP codes for rent, ranking #38 of 92 at $1,502/mo. Over the year to September 2026, rent in ZIP 70117 changed +2.2%, against a typical +3.0% across the 75 Louisiana ZIP codes Zillow tracks.

How does ZIP 70117 compare to the rest of New Orleans?

At $1,502/mo, ZIP 70117 is $131 below the New Orleans citywide median of $1,633/mo. It is the 5th cheapest of 15 ZIP codes in New Orleans.
Income Affordability
39%
MODERATE

At $1,502/mo, rent takes ~39% of ZIP 70117's median household income ($45,764/yr). The standard benchmark is 30%.

ZIP 70117 39%Benchmark 30%
State income tax1.85–4.25%
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Schools nearby

Public schools near ZIP 70117 (New Orleans, LA)

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