ZIP Code · LA

ZIP 70122

Part of New Orleans, LA

Pop. 35,253·Orleans Parish·43rd most expensive ZIP in Louisiana

Median rent (all units)

$1,475/mo

Year-over-Year

+1.4%

Month-over-Month

+0.9%

vs US Median

-$457

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 70122 · $1,475

More affordable than 75% 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

$1,020

1 BR

$1,150

2 BR

$1,380

3 BR

$1,750

4 BR+

$2,090

Research median

$1,380/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 70122 is 0.2% below its high of $1,478 in January 2025, at $1,475 as of September 2026.

Past year vs. the rest of Louisiana

Rent in ZIP 70122 changed +1.4% 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 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($49,455) is $1,236 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,150); a 2-bedroom is $1,380.

Rank in New Orleans

4th cheapest of 15 ZIP codes in New Orleans.

Cheaper nearby

ZIP 70002, 6 miles away, rents for 14% less ($1,264/mo), about $2,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 70122. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,700/yr

At $1,475/mo median

Location

CityNew Orleans

StateLA

CountyOrleans Parish

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.4% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 70122 (New Orleans, LA) is majority owner-occupied, has a median income below the national average, 37.2% of residents hold a bachelor's degree or higher.

Population

35,253

Median income

$49,455

Median age

41.4

Renters

40.5%

Age distribution

20.7%

19.1%

26.9%

13.7%

19.5%

Under 1820.7%

18–3419.1%

35–5426.9%

55–6413.7%

65+19.5%

Gender

44.4%

55.6%

Male44.4%

Female55.6%

Race & ethnicity

19.6%

67.3%

White19.6%

Black67.3%

Hispanic8.1%

Asian1.6%

Other3.3%

Education (25+)

21.9%

29.8%

37.2%

No HS diploma11.1%

HS diploma21.9%

Some college29.8%

Bachelor's+37.2%

Housing tenure

59.5%

40.5%

Owner59.5%

Renter40.5%

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

2022 vs 2026

How ZIP 70122 in New Orleans, LA has changed in 5 years

Rent

$1,285 → $1,475

up 14.8%

Income

$41,309 → $49,455

up 19.7%

Population

35,886 → 35,253

down 1.8%

Renter share

44.4% → 40.5%

-3.9 pts

Bachelor's+

32.5% → 37.2%

+4.7 pts

Median age

40.1 → 41.4

+1.3 yrs

Rent in ZIP 70122 in New Orleans, LA has climbed 14.8% since 2022, going from about $1,285 per month to roughly $1,475 today. Local incomes tracked alongside that move, going from a median of $41,309 in 2021 to $49,455 more recently. Income growth outran rent by about 4.9 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 35,886 to 35,253 between 2021 and 2024, a 1.8% change. About 40.5% of households rent today, against 44.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 32.5% to 37.2%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 70122 in New Orleans, LA market of 2022.

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About renting in ZIP 70122

Last updated: October 17, 2026

ZIP code 70122 covers New Orleans, LA. The median rent here is $1,475/mo as of October 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,380/mo.

At 36% of local median household income ($49,455/yr), ZIP 70122 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 70122?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (about $28/hour full-time) to afford the median rent of $1,475/mo in ZIP 70122. The local median household income is $49,455/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 70122?

Rent in ZIP 70122 has risen 1.4% over the past year as of September 2026. It sits 0.2% below its high of $1,478 in January 2025.

How does ZIP 70122 compare to other ZIPs in Louisiana?

ZIP 70122 is in the middle among Louisiana ZIP codes for rent, ranking #43 of 92 at $1,475/mo. Over the year to September 2026, rent in ZIP 70122 changed +1.4%, against a typical +3.0% across the 75 Louisiana ZIP codes Zillow tracks.