RentData

Average Rent in Concordia Parish, LA↑ Rents rising 7.1% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 18,325

Data review: HUD FY2027Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Concordia Parish, LA has rental prices ranging from $645/month to $1,493/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $702/month — 50% below the national average of $1,400/month. With a median household income of $37,349/year, spending $702/month on a 1-bedroom represents 23% of gross income — within the recommended 30% threshold.

How Concordia Parish Compares

With an average 2-bedroom rent of $893/month, Concordia Parish ranks #28 most expensive of the 51 cities tracked in Louisiana — more affordable than 96% of all US cities in our data.

The Concordia Parish Rental Market

The Concordia Parish, LA area has a population of about 18,325 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Concordia Parish, LA have risen by $59/month (7.1%) over the past year, from $834 to $893. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Concordia Parish, LA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $28,080. The local median household income of $37,349 exceeds that threshold by $9,269, making Concordia Parish relatively accessible compared to local wages.

Economy & Jobs

Concordia Parish, LA has an unemployment rate of 6.5%, 2.6 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2027
Studio
$645
Affordable
1 Bedroom
$702
Affordable
2 Bedrooms
$893
↑7.1% YoY
Affordable
3 Bedrooms
$1,140
Average
4 Bedrooms
$1,493
Expensive
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Is Concordia Parish, LA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$35,720/year
Local median income: $37,349
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $893/month and 20% down on a — home at 7% rate.

Nearby Cities in LAlargest metros in the state

CityStudio1BR2BR3BRHome Value
New Orleans$1,096$1,229$1,480$1,900—
Assumption Parish$758$762$932$1,242—
Baton Rouge$992$1,014$1,149$1,456—
Lafayette$835$971$1,092$1,375—
Shreveport$832$926$1,045$1,380—
Slidell$1,074$1,164$1,354$1,745—

Rent or Buy in Concordia Parish?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Concordia Parish data

$
Home Value
$350,000
2BR Rent
$893/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $893/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Concordia Parish

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Concordia Parish

Compare rent & home prices by neighborhood

💵Rent Affordability in Concordia Parish

Salary needed to afford rent here

🗺️All Cities in LA

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⚖️Compare Concordia Parish

Side-by-side rent & cost of living with any city

📋LA Tenant Rights

Deposit limits, eviction laws & renters protections