New Orleans 70118 Rental Guide

New Orleans 70118 Area at a glance

Rent snapshot

Market rent is the median across apartments and single-family homes (RentCast / Zillow / ACS); actual rent varies with age, condition and furnishing.

Renting here: process and checklist

• Budget rule：Most landlords require gross monthly income of at least 3x rent and a credit score around 600+.
• Application documents：Photo ID, proof of income (pay stubs / bank statements / employer letter), rental history and references.
• Security deposit：Louisiana sets no statutory cap; one month's rent is the common practice, returned within the statutory window or itemized.
• Lease term：12 months is standard. Short-term leases typically carry a 10%–20% premium.
• Utilities and internet：Tenants usually pay utilities (Lafayette Utilities System) and internet; for single-family homes, confirm who handles lawn care.
• Insurance：The landlord's policy does not cover your belongings — renter's insurance is strongly recommended, plus flood insurance in mapped zones.
• Pets：Most listings allow pets with a deposit (often $300–$500) and/or monthly pet rent; confirm breed and weight limits up front.

Landlord view: how rentable is this ZIP

• Pricing：Median market rent across layouts here is about $1,390/month, while active listings ask about $1,751/month — asking prices run above closed statistics, so calibrate against real showing feedback.
• Vacancy：Vacancy here is roughly 6.2%, in line with the national average. At the median rent, every vacant month costs about $1,390.
• Dominant layouts：Rentals in this ZIP skew two- and three-bedroom; a three-bedroom commands about $1,770/month and draws the deepest family-renter pool.
• Renter pool：The University of Louisiana at Lafayette (~19k students) plus healthcare and energy employers form the core demand; the academic calendar visibly shapes leasing velocity.
• Timing：Aim listings at May–August (academic turnover) and December–January; budget longer vacancy in off-season months.

School district and public schools

NOLA Public Schools (Orleans Parish)　— An all-charter district　https://nolapublicschools.com/

School ratings are third-party public data (GreatSchools / SchoolDigger) provided for reference only and are not an assessment of school or neighborhood quality. Verify enrollment eligibility and boundaries with NOLA Public Schools (Orleans Parish).

Amenities and transit

• Tulane University：One of the area's largest sources of student renters
• Loyola University New Orleans：A second university adjacent to Tulane
• Audubon Park：Large urban park along St. Charles Avenue
• Magazine Street：A six-mile corridor of shops and restaurants
• St. Charles streetcar line：Runs down St. Charles Avenue to the CBD

FAQ