HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Orleans Parish, Louisiana (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Orleans Parish is $1,480 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,480
+11.2% from FY 2026
Payment standard
$1,332–$1,628
90% to 110% of the FMR, two-bedroom
Income to afford
$59,200
a year, with rent at 30% of income
Rank in Louisiana
2nd of 64
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,096 | $986–$1,206 | $43,840 | $21.08/hr | +13.7% |
| 1 bedroom | $1,229 | $1,106–$1,352 | $49,160 | $23.63/hr | +10.4% |
| 2 bedroom | $1,480 | $1,332–$1,628 | $59,200 | $28.46/hr | +11.2% |
| 3 bedroom | $1,900 | $1,710–$2,090 | $76,000 | $36.54/hr | +11.7% |
| 4 bedroom | $2,233 | $2,010–$2,456 | $89,320 | $42.94/hr | +11.9% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,568 | $2,311–$2,825 |
| 6 bedroom Estimate | $2,903 | $2,613–$3,193 |
| 7 bedroom Estimate | $3,238 | $2,914–$3,562 |
| 8 bedroom Estimate | $3,573 | $3,216–$3,930 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
Two-bedrooms in New Orleans are asking $1,623. HUD says $1,480.
That's 10% above the county FMR. Median asking rent across 18 New Orleans ZIP codes with active 2BR listings. FMR includes utilities and asking rents usually don't, so the true gap is a little smaller.
No card needed
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Orleans somewhere between $1,332 and $1,628. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,480 a month is affordable, by HUD's 30% rule, on an income of roughly $59,200 a year. Put another way, $28 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,332 | Voucher pays at 100%$1,480 | Voucher pays at 110%$1,628 |
|---|---|---|---|---|
| $2,500 | $750 | $582 | $730 | $878 |
| $4,000 | $1,200 | $132 | $280 | $428 |
Rate history
The two-bedroom rate went up 11% from FY 2026 ($1,331) to FY 2027 ($1,480). Since FY 2020 it's up 37% in total, about 4.6% a year. The Louisiana median moved up 5% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $779 | $908 | $1,078 | $1,396 | $1,597 | — |
| FY 2021 | $765 | $899 | $1,061 | $1,371 | $1,583 | -1.6% |
| FY 2022 | $786 | $927 | $1,089 | $1,404 | $1,623 | +2.6% |
| FY 2023 | $848 | $1,002 | $1,182 | $1,524 | $1,770 | +8.5% |
| FY 2024 | $986 | $1,149 | $1,362 | $1,750 | $2,039 | +15.2% |
| FY 2025 | $1,071 | $1,236 | $1,478 | $1,889 | $2,217 | +8.5% |
| FY 2026 | $964 | $1,113 | $1,331 | $1,701 | $1,996 | -9.9% |
| FY 2027In effect | $1,096 | $1,229 | $1,480 | $1,900 | $2,233 | +11.2% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Orleans, that runs from $1,096 for a studio up to $2,233 for four bedrooms, all five rates in the table above.
This is a metro rate. The parish doesn't get one of its own. HUD lumps Orleans in with 5 other parishes in the New Orleans-Metairie metro, Jefferson Parish, St. Charles Parish, St. Bernard Parish among them, and every one of them gets $1,480 for a two-bedroom. Where you are inside the metro doesn't change the parish number. It does change the ZIP number, covered below.
Among Louisiana's 64 counties, Orleans ranks 2nd for two-bedroom FMR. That's about 49% above the state median of $995 and about 39% above the national median county at $1,063. About 371,853 people live here, 3rd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,210 in 70148 (New Orleans) and $2,220 in 70130 (New Orleans), with the 44 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the parish rate. Everywhere else the ZIP numbers show where rents actually sit, and the parish rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 70112 | New Orleans | $1,430 | -3.4% |
| 70113 | New Orleans | $1,230 | -16.9% |
| 70114 | New Orleans | $1,430 | -3.4% |
| 70115 | New Orleans | $1,980 | +33.8% |
| 70116 | New Orleans | $1,540 | +4.1% |
| 70117 | New Orleans | $1,500 | +1.4% |
| 70118 | New Orleans | $1,660 | +12.2% |
| 70119 | New Orleans | $1,750 | +18.2% |
| 70122 | New Orleans | $1,590 | +7.4% |
| 70124 | New Orleans | $2,180 | +47.3% |
| 70125 | New Orleans | $1,620 | +9.5% |
| 70126 | New Orleans | $1,400 | -5.4% |
| 70127 | New Orleans | $1,360 | -8.1% |
| 70128 | New Orleans | $1,500 | +1.4% |
| 70129 | New Orleans | $1,450 | -2.0% |
| 70130 | New Orleans | $2,220 | +50.0% |
| 70131 | New Orleans | $1,310 | -11.5% |
| 70139 | New Orleans | $1,530 | +3.4% |
| 70142 | New Orleans | $1,480County rate | — |
| 70143 | New Orleans | $1,480County rate | — |
| 70145 | New Orleans | $1,530 | +3.4% |
| 70146 | New Orleans | $1,530 | +3.4% |
| 70148 | New Orleans | $1,210 | -18.2% |
| 70150 | New Orleans | $1,530 | +3.4% |
| 70151 | New Orleans | $1,530 | +3.4% |
| 70152 | New Orleans | $1,530 | +3.4% |
| 70153 | New Orleans | $1,530 | +3.4% |
| 70154 | New Orleans | $1,480County rate | — |
| 70156 | New Orleans | $1,530 | +3.4% |
| 70157 | New Orleans | $1,530 | +3.4% |
| 70158 | New Orleans | $1,530 | +3.4% |
| 70159 | New Orleans | $1,480County rate | — |
| 70160 | New Orleans | $1,480County rate | — |
| 70161 | New Orleans | $1,480County rate | — |
| 70162 | New Orleans | $1,480County rate | — |
| 70163 | New Orleans | $1,530 | +3.4% |
| 70164 | New Orleans | $1,480County rate | — |
| 70165 | New Orleans | $1,480County rate | — |
| 70166 | New Orleans | $1,480County rate | — |
| 70167 | New Orleans | $1,480County rate | — |
Counties sharing the New Orleans-Metairie metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,480 two-bedroom figure as Orleans.
Nearby counties
Two-bedroom FMR, with how each compares to Orleans.
Jefferson Parish
6 mi · 430,920 people
$1,480
same rate
St. Bernard Parish
9 mi · 44,419 people
$1,480
same rate
St. Charles Parish
19 mi · 51,396 people
$1,480
same rate
St. John the Baptist Parish
30 mi · 40,743 people
$1,480
same rate
St. Tammany Parish
34 mi · 272,421 people
$1,354
-9%
Lafourche Parish
35 mi · 96,252 people
$1,098
-26%
Plaquemines Parish
41 mi · 22,803 people
$1,480
same rate
St. James Parish
42 mi · 19,528 people
$1,165
-21%
Questions people ask
$1,480 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,096 for a studio, $1,229 for one bedroom, $1,900 for three and $2,233 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Orleans actually go for?
HUD's number is one input. Search any address in Orleans for a rent estimate built from nearby comps. Free to start, no card.
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