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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.

BedroomsFMRPayment standardIncome neededHourly wagevs 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.

BedroomsEstimated FMRPayment 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 incomeTenant pays (30%)Voucher pays at 90%$1,332Voucher pays at 100%$1,480Voucher pays at 110%$1,628
$2,500$750$582$730$878
$4,000$1,200$132$280$428
Run your own numbers in the Section 8 rent calculator

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 yearStudio1 BR2 BR3 BR4 BR2BR 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%

Get FY 2028 Orleans Parish rates the day HUD publishes them

HUD updates Fair Market Rents every fall. One email a year, no newsletter.

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.

ZIPCity2BR ratevs county
70112New Orleans$1,430-3.4%
70113New Orleans$1,230-16.9%
70114New Orleans$1,430-3.4%
70115New Orleans$1,980+33.8%
70116New Orleans$1,540+4.1%
70117New Orleans$1,500+1.4%
70118New Orleans$1,660+12.2%
70119New Orleans$1,750+18.2%
70122New Orleans$1,590+7.4%
70124New Orleans$2,180+47.3%
70125New Orleans$1,620+9.5%
70126New Orleans$1,400-5.4%
70127New Orleans$1,360-8.1%
70128New Orleans$1,500+1.4%
70129New Orleans$1,450-2.0%
70130New Orleans$2,220+50.0%
70131New Orleans$1,310-11.5%
70139New Orleans$1,530+3.4%
70142New Orleans$1,480County rate—
70143New Orleans$1,480County rate—
70145New Orleans$1,530+3.4%
70146New Orleans$1,530+3.4%
70148New Orleans$1,210-18.2%
70150New Orleans$1,530+3.4%
70151New Orleans$1,530+3.4%
70152New Orleans$1,530+3.4%
70153New Orleans$1,530+3.4%
70154New Orleans$1,480County rate—
70156New Orleans$1,530+3.4%
70157New Orleans$1,530+3.4%
70158New Orleans$1,530+3.4%
70159New Orleans$1,480County rate—
70160New Orleans$1,480County rate—
70161New Orleans$1,480County rate—
70162New Orleans$1,480County rate—
70163New Orleans$1,530+3.4%
70164New Orleans$1,480County rate—
70165New Orleans$1,480County rate—
70166New Orleans$1,480County rate—
70167New 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.

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.

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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