ZIP Code · LA

ZIP 70126

Part of New Orleans, LA

Pop. 27,047·Orleans Parish·26th most expensive ZIP in Louisiana

Median rent (all units)

$1,604/mo

Year-over-Year

-1.8%

Month-over-Month

-0.1%

vs US Median

-$328

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 70126 · $1,604

More affordable than 65% 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

$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

Compared with the peak

Rent in ZIP 70126 is 2.3% below its high of $1,642 in October 2025, at $1,604 as of September 2026.

Past year vs. the rest of Louisiana

Rent in ZIP 70126 changed -1.8% over the year to September 2026. Across the 75 Louisiana ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has fallen 2 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($41,709) is $1,043 a month. That covers HUD's Fair Market Rent for up to a studio ($970); a 1-bedroom is $1,120.

Rank in New Orleans

7th cheapest of 15 ZIP codes in New Orleans.

Cheaper nearby

ZIP 70127, 3 miles away, rents for 12% less ($1,414/mo), about $2,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 70126. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,248/yr

At $1,604/mo median

Location

CityNew Orleans

StateLA

CountyOrleans Parish

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 1.8% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-1.8% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 70126 (New Orleans, LA) is roughly split between renters and owners, has a median income below the national average, 23.2% of residents hold a bachelor's degree or higher.

Population

27,047

Median income

$41,709

Median age

38.4

Renters

45.8%

Age distribution

22.5%

23.3%

24%

12.7%

17.5%

Under 1822.5%

18–3423.3%

35–5424%

55–6412.7%

65+17.5%

Gender

45.5%

54.5%

Male45.5%

Female54.5%

Race & ethnicity

86.3%

White4%

Black86.3%

Hispanic6.2%

Other3.2%

Education (25+)

12.8%

30.1%

33.9%

23.2%

No HS diploma12.8%

HS diploma30.1%

Some college33.9%

Bachelor's+23.2%

Housing tenure

54.2%

45.8%

Owner54.2%

Renter45.8%

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

2021 vs 2026

How ZIP 70126 in New Orleans, LA has changed in 5 years

Income

$31,235 → $41,709

up 33.5%

Population

31,168 → 27,047

down 13.2%

Renter share

53.9% → 45.8%

-8.1 pts

Bachelor's+

21% → 23.2%

+2.2 pts

Median age

33.3 → 38.4

+5.1 yrs

On the earnings side, the typical household in ZIP 70126 in New Orleans, LA now reports about $41,709, up from $31,235 in 2021. Headcount in the area went from 31,168 to 27,047 between 2021 and 2024, a 13.2% change. About 45.8% of households rent today, against 53.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 21% to 23.2%.

Community

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Local insights

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About renting in ZIP 70126

Last updated: October 17, 2026

ZIP code 70126 covers New Orleans, LA. The median rent here is $1,604/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 46% of local median household income ($41,709/yr), ZIP 70126 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 70126?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,604/mo in ZIP 70126. The local median household income is $41,709/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 70126?

Rent in ZIP 70126 has fallen 1.8% over the past year as of September 2026. It sits 2.3% below its high of $1,642 in October 2025.

How does ZIP 70126 compare to other ZIPs in Louisiana?

ZIP 70126 is one of the pricier among Louisiana ZIP codes for rent, ranking #26 of 92 at $1,604/mo. Over the year to September 2026, rent in ZIP 70126 changed -1.8%, against a typical +3.0% across the 75 Louisiana ZIP codes Zillow tracks.