Average Rent in Iberia Parish, LA↑ Rents rising 1.5% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 69,194
Market Overview
Iberia Parish, LA has rental prices ranging from $714/month to $1,545/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $732/month — 48% below the national average of $1,400/month. With a median household income of $57,811/year, spending $732/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.
How Iberia Parish Compares
With an average 2-bedroom rent of $920/month, Iberia Parish ranks #20 most expensive of the 47 cities tracked in Louisiana — more affordable than 65% of all US cities in our data.
The Iberia Parish Rental Market
The Iberia Parish, LA area has a population of about 69,194 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.
Rent Trends
2-bedroom rents in Iberia Parish, LA have risen by $14/month (1.5%) over the past year, from $906 to $920. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.
Affordability
To afford a 1-bedroom apartment in Iberia Parish, LA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $29,280. The local median household income of $57,811 exceeds that threshold by $28,531, making Iberia Parish relatively accessible compared to local wages.
Economy & Jobs
Iberia Parish, LA has an unemployment rate of 4.5%, 0.6 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 FY2025Is Iberia Parish, LA Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in LAlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| New Orleans | $1,071 | $1,236 | $1,478 | $1,889 | — |
| Assumption Parish | $805 | $830 | $926 | $1,298 | — |
| Baton Rouge | $1,063 | $1,081 | $1,222 | $1,528 | — |
| Lafayette | $740 | $930 | $1,052 | $1,322 | — |
| Shreveport | $767 | $892 | $1,017 | $1,317 | — |
| Lake Charles | $871 | $877 | $1,144 | $1,383 | — |
Rent or Buy in Iberia Parish?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Iberia Parish data
Renting appears to be the better financial choice for this scenario.
Living in Iberia Parish
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Iberia ParishSalary needed to afford rent here
🗺️All Cities in LASee how Iberia Parish ranks statewide
⚖️Compare Iberia ParishSide-by-side rent & cost of living with any city
📋LA Tenant RightsDeposit limits, eviction laws & renters protections