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ZIP Code · LA

ZIP 70118

Pop. 36,072·Orleans Parish·13th most expensive ZIP in Louisiana
Median rent (all units)
$1,751/mo
Year-over-Year
+7.8%
Month-over-Month
-5.8%
vs US Median
-$214
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 70118 · $1,751
More affordable than 55% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,020
1 BR
$1,160
2 BR
$1,390
3 BR
$1,770
4 BR+
$2,100
Research median
$1,390/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
$21,012/yr
At $1,751/mo median
Location
StateLA
CountyOrleans Parish
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 7.8% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+7.8% YoY, -5.8% MoM), not inventory.
Demographics

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.

Population
36,072
Median income
$63,750
Median age
31.8
Renters
51.5%
Age distribution
14.8%
38.7%
21.9%
14.8%
Under 1814.8%
18–3438.7%
35–5421.9%
55–649.8%
65+14.8%
Gender
46.1%
53.9%
Male46.1%
Female53.9%
Race & ethnicity
49.1%
33.1%
12.7%
White49.1%
Black33.1%
Hispanic12.7%
Asian3.8%
Other1.3%
Education (25+)
18.5%
20.7%
52.4%
No HS diploma8.3%
HS diploma18.5%
Some college20.7%
Bachelor's+52.4%
Housing tenure
48.5%
51.5%
Owner48.5%
Renter51.5%

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

2021 vs 2026

How ZIP 70118 in New Orleans, LA has changed in 5 years

Rent
$1,443 → $1,751
up 21.3%
Income
$54,046 → $63,750
up 18.0%
Population
35,699 → 36,072
up 1.0%
Renter share
50.5% → 51.5%
+1.0 pts
Bachelor's+
51.8% → 52.4%
+0.6 pts
Median age
33.8 → 31.8
-2.0 yrs

Since 2021, the typical rent in ZIP 70118 in New Orleans, LA has climbed from $1,443 to $1,751, a 21.3% 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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Local insights

Tips for renters in ZIP 70118

About renting in ZIP 70118

Last updated: July 20, 2026

ZIP code 70118 covers New Orleans, LA. The median rent here is $1,751/mo as of July 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,390/mo.

At 33% of local median household income ($63,750/yr), ZIP 70118 ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 70118?

As of July 20, 2026, the median monthly rent in ZIP 70118 (New Orleans, LA) is $1,751. This is based on aggregated data from public sources and community submissions.

How does ZIP 70118 rent compare to the US average?

ZIP 70118's median rent of $1,751/mo is $214 (11%) below the US national median of $1,965/mo.

How does ZIP 70118 compare to other ZIPs in Louisiana?

ZIP 70118 is one of the pricier ZIP codes in Louisiana, ranking #13 out of 91 ZIPs tracked at $1,751/mo.

How much income do you need to rent in ZIP 70118?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,751/mo in ZIP 70118. The local median household income is $63,750/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 70118?

Rent in ZIP 70118 has increased 7.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 70118 an affordable place to rent?

ZIP 70118 is considered moderate for renters. At $1,751/mo, rent takes approximately 33% of the local median household income ($63,750/yr). The standard benchmark is 30%. ZIP 70118 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 70118 residents rent vs. own?

According to Census data, approximately 51.5% of ZIP 70118 households are renters, while 48.5% are owner-occupied. With a majority renter population, ZIP 70118 has a strong rental market.

How does ZIP 70118 compare to the rest of New Orleans?

ZIP 70118 is pricier than New Orleans as a whole. At $1,751/mo, it's $87 above the New Orleans citywide median of $1,664/mo.

When was rent data for ZIP 70118 last updated?

Rent data for ZIP 70118 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
33%
MODERATE

At $1,751/mo, rent takes ~33% of ZIP 70118's median household income ($63,750/yr). The standard benchmark is 30%.

ZIP 70118 33%Benchmark 30%
State income tax1.85–4.25%
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Schools nearby

Public schools near ZIP 70118 (New Orleans, LA)

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