What is the Fair Market Rent for a 2-bedroom in New Orleans-Metairie, LA HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in New Orleans-Metairie, LA HUD Metro FMR Area is $1,331 per month for fiscal year 2026. The studio FMR is $990, 1-bedroom is $1,130, 3-bedroom is $1,724, and 4-bedroom is $1,996.

What income do you need to afford the FMR in New Orleans-Metairie, LA HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $53,240 per year ($4,437 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,331 in New Orleans-Metairie, LA HUD Metro FMR Area.

FY2026 Fair Market Rents — New Orleans-Metairie, LA HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$990

1BR

$1,130

2BR

$1,331

3BR

$1,724

4BR

$1,996

Hours/week at min wage

142 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

YoY change (2BR)

-9.9%

$147 vs FY2025 · 5-yr +25.4%

Voucher payment standard

$1,198–$1,464

PHAs set HCV payment at 90–110% of the 2BR FMR

New Orleans-Metairie, LA HUD Metro FMR Area

Non-Metropolitan area · LA · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$990	$11,880
1-Bedroom	$1,130	$13,560
2-Bedroom	$1,331	$15,972
3-Bedroom	$1,724	$20,688
4-Bedroom	$1,996	$23,952

Recent 2-Bedroom FMR Trend

FY2020 $1,078 → FY2026 $1,331

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$990	$1,130	$1,331	$1,724	$1,996
FY2025	$1,071	$1,236	$1,478	$1,889	$2,217
FY2024	$986	$1,149	$1,362	$1,750	$2,039
FY2023	$848	$1,002	$1,182	$1,524	$1,770
FY2022	$786	$927	$1,089	$1,404	$1,623
FY2021	$765	$899	$1,061	$1,371	$1,583
FY2020	$779	$908	$1,078	$1,396	$1,597

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $107,700

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$21,900	$25,000	$28,150	$33,000	$38,680	$44,360
50% AMI (Very Low)	$36,500	$41,700	$46,900	$52,100	$56,300	$60,400
80% AMI (Low)	$58,350	$66,700	$75,050	$83,350	$90,050	$96,700

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$15,972/yr

FMR as % of Area Median Income

14.8% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$53,240/yr

$4,437/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$942	$1,077	$1,211	$1,453	$1,561
60% AMI Maximum	$1,130	$1,292	$1,453	$1,744	$1,873

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$990	$1,130	$1,331	$1,724	$1,750
Low HOME Rent	$912	$1,042	$1,172	$1,302	$1,407

Compare New Orleans-Metairie, LA HUD Metro FMR Area With Other LA Metros

vs. Acadia Parish, LA HUD Metro FMR Area vs. Alexandria, LA MSA vs. Assumption Parish, LA HUD Metro FMR Area vs. Baton Rouge, LA HUD Metro FMR Area vs. Hammond, LA MSA