ZIP 70118
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12-month history
Last updated: October 17, 2026
What the numbers show
August. Asking rents in ZIP 70118 usually run 0.8% below trend in August and 0.7% above it in April, about $27 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 70118 is 0.4% below its high of $1,815 in August 2026, at $1,807 as of September 2026.
Rent in ZIP 70118 changed +2.9% over the year to September 2026. Across the 75 Louisiana ZIP codes Zillow tracks, the typical change was +3.0%.
From 2019 to 2024, rent in ZIP 70118 rose 29.3% while median household income rose 30.3% ($48,919 to $63,750). Income kept ahead of rent.
Rent in ZIP 70118 is 33.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 8 of the last 12 months.
30% of the median household income ($63,750) is $1,594 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,390); a 3-bedroom is $1,770.
13th cheapest of 15 ZIP codes in New Orleans.
ZIP 70121, 2 miles away, rents for 11% less ($1,606/mo), about $2,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 70118. 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.
Who lives here
ZIP 70118 (New Orleans, LA) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 52.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 70118 in New Orleans, LA has changed in 5 years
Since 2021, the typical rent in ZIP 70118 in New Orleans, LA has climbed from $1,417 to $1,807, a 27.5% change over five years. Median household income rose from $54,046 to $63,750 between 2021 and 2024, a 18.0% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.0% since 2021, moving from about 35,699 residents to roughly 36,072. Taken together, the five-year picture in ZIP 70118 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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Tips for renters in ZIP 70118
Last updated: October 17, 2026
ZIP code 70118 covers New Orleans, LA. The median rent here is $1,807/mo as of October 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,390/mo.
At 34% of local median household income ($63,750/yr), ZIP 70118 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.
Frequently asked questions
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How does ZIP 70118 compare to the rest of New Orleans?
At $1,807/mo, rent takes ~34% of ZIP 70118's median household income ($63,750/yr). The standard benchmark is 30%.
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