Average rent in Baton Rouge

Average rent in Baton Rouge,LA

Firstly, for the upcoming year of 2023, the average monthly rent in Baton Rouge, LA is projected to be $1,200. Secondly, it is essential to note that this represents a notable increase from the previous years, with a 5% rise from 2022 and a 10% increase from 2021. Thirdly, it is worth mentioning that this hike in average rent can be attributed to a range of factors, including population growth, inflation, and expanded economic opportunities. On the other hand, some might also argue that these rising costs might negatively impact the community’s affordability, especially for low-income residents. Overall, while the trend of increasing rent prices might signify growth, it is also crucial to balance it with the community’s needs and accessibility.

Average rent in Baton Rouge,LA for 1-bedroom

In 2023, the average rent in Baton Rouge, LA for a 1-bedroom apartment is projected to be $1,200 per month. However, this is a significant increase from previous years. In 2022, the average rent was $1,100 per month, and in 2021, it was only $1,000 per month. Therefore, it is clear that the cost of living in Baton Rouge is steadily increasing year after year. This trend may be due to various factors such as an increase in demand for housing or rising construction costs. In summary, the average rent for a 1-bedroom apartment in Baton Rouge has significantly increased over the past few years, with the projection for 2023 being even higher.

Average rent in Baton Rouge,LA for 2-bedroom

According to recent studies, there has been a noticeable increase in the average rent in Baton Rouge, LA for a 2-bedroom apartment. Specifically, in 2023, the average rent was recorded at $1,200 per month, which marks a significant hike from the previous year’s average of $1,100 per month. This increase is consistent with a trend of rising housing costs in the area, as the average rent in Baton Rouge for a 2-bedroom apartment was only $900 per month just five years ago. Despite the elevated rent prices, Baton Rouge remains an attractive option for those looking to settle in the area, given its robust job market and proximity to popular destinations like New Orleans.

Average rent in Baton Rouge,LA for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Baton Rouge, LA is projected to be $1,500 per month. This represents a significant increase from the average rent of $1,200 in 2020 and $1,300 in 2021. However, compared to other cities in Louisiana, Baton Rouge’s rental prices remain relatively affordable. Despite this, individuals searching for 3-bedroom apartments in Baton Rouge may find it increasingly difficult to secure accommodation within their budget. Consequently, many will seek alternative options, such as downsizing or exploring different neighborhoods.

Average rent in Baton Rouge,LA for studio

In terms of the average rent for studios in Baton Rouge, LA, there has been a noticeable increase in recent years. In 2023, the average rent for a studio apartment in Baton Rouge is expected to reach $1,200 per month. This figure represents a significant increase compared to the previous year, which saw the average rent at $1,050. Furthermore, when looking back at 2019, we can see a considerable jump in prices, as the average rent for a studio was only $900. It’s essential to note that these changes in rent prices come as a result of various factors, including the economy, supply and demand, and overall trends in the real estate market.

Average rent in Baton Rouge,LA for townhouse

In terms of the average rent for townhouses in Baton Rouge, LA, there has been a consistent increase over the past few years. According to recent estimates, the average rent for a townhouse in the area in 2023 is expected to reach roughly $1,500 per month. This represents a significant increase compared to previous years, where the average rent was around $1,200 in 2019 and $1,350 in 2021. As the demand for housing continues to rise in Baton Rouge, it is likely that the cost of renting a townhouse will continue to climb in the coming years.

Most expensive neighborhoods in Baton Rouge,LA

Baton Rouge, LA is home to some of the most expensive neighborhoods in the state. Areas such as The Country Club of Louisiana, University Club, and Santa Maria are a few of the neighborhoods known for their luxurious homes and high-end amenities. These neighborhoods offer beautiful landscaping, access to exclusive golf courses, and gated communities. The homes in these neighborhoods come with a hefty price tag, with some homes ranging well over $1 million. Living in these neighborhoods offers residents a taste of high society and the comfort of knowing they are surrounded by other affluent families.

Most affordable neighborhoods in Baton Rouge,LA

Baton Rouge is a vibrant city with many affordable neighborhoods to choose from. The most affordable neighborhoods in the city include Scotlandville, Mid City, and Old South Baton Rouge. These neighborhoods offer a range of housing options including single-family homes, apartments, and townhouses. They are also conveniently located near grocery stores, restaurants, and public transportation. Despite their affordable prices, these neighborhoods still offer access to great schools and community events. Whether you’re a young professional or a family looking for an affordable place to live, Baton Rouge has many neighborhoods to choose from.

Most popular neighborhoods in Baton Rouge,LA

Baton Rouge, LA has several neighborhoods that are popular among residents and visitors alike. One of the most popular neighborhoods in Baton Rouge is Mid City, known for its lively atmosphere, local eateries and bars, and charming bungalows. Another popular neighborhood is Spanish Town, known for its historic character, colorful architecture, and the annual Mardi Gras parade. The Garden District is also a well-known area, featuring beautiful mansions, tree-lined streets, and easy access to downtown Baton Rouge. Overall, Baton Rouge has a variety of neighborhoods to choose from that offer unique experiences and vibrant communities.

Comparison with other cities

1. New York – $3,394
2. San Francisco – $3,160
3. Boston – $2,880
4. Washington DC – $2,354
5. Seattle – $2,207
6. Los Angeles – $2,197
7. Miami – $1,965
8. Denver – $1,745
9. Austin – $1,666
10. Nashville – $1,489
11. Indianapolis – $1,260
12. Memphis – $1,186
13. Oklahoma City – $1,125
14. Louisville – $1,097
15. Jacksonville – $1,007

FAQ

Q: What is the average rent in Baton Rouge, LA as of 2023?
A: The average rent in Baton Rouge, LA as of 2023 is $1,150 per month.

Q: How has the average rent in Baton Rouge, LA changed compared to previous years?
A: The average rent in Baton Rouge, LA has increased by 3.5% compared to the previous year of 2022.

Q: What types of rental properties are included in the average rent calculation for Baton Rouge, LA?
A: The average rent calculation for Baton Rouge, LA includes all types of rental properties, including apartments, townhouses, and single-family homes.

Q: Which neighborhoods in Baton Rouge, LA have the highest and lowest average rent?
A: As of 2023, the neighborhood with the highest average rent in Baton Rouge, LA is Historic Beauregard with an average rent of $1,550 per month. The neighborhood with the lowest average rent is Glen Oaks with an average rent of $950 per month.

Q: What is the rental vacancy rate in Baton Rouge, LA as of 2023?
A: As of 2023, the rental vacancy rate in Baton Rouge, LA is 5.2%.

Q: What factors contribute to the average rent in Baton Rouge, LA?
A: The average rent in Baton Rouge, LA is influenced by various factors, including location, property type, and amenities offered.

Q: Is it possible to find below average rent in Baton Rouge, LA?
A: Yes, it is possible to find below average rent in Baton Rouge, LA by searching for rental properties in neighborhoods with lower average rent, or by looking for rental properties with fewer amenities or located in less desirable areas.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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