FY2026 Fair Market Rents — Orleans Parish
Studio
$964
1BR
$1,113
2BR
$1,331
3BR
$1,701
4BR
$1,996
Orleans Parish, Louisiana
FIPS 22071 · County-level FMR and income limit data
FMR Area: New Orleans-Metairie, LA HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $964 | $11,568 |
| 1-Bedroom | $1,113 | $13,356 |
| 2-Bedroom | $1,331 | $15,972 |
| 3-Bedroom | $1,701 | $20,412 |
| 4-Bedroom | $1,996 | $23,952 |
To afford the FY2026 2-bedroom FMR of $1,331/mo under the 30%-of-income rule, a household needs about
$53,240/yr ($4,437/mo). Area Median Income is $88,600.
At LA's federal minimum wage of $7.25/hr, a worker would need to work 142 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $964 | $1,113 | $1,331 | $1,701 | $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 |
FY2026 Income Limits
Area Median Income: $88,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,650 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,050 | $35,450 | $39,900 | $44,300 | $47,850 | $51,400 |
| 80% AMI | $49,650 | $56,750 | $63,850 | $70,900 | $76,600 | $82,250 |