Average Rent in Morehouse Parish, LA↓ Rents falling 11.8% YoY🔻 Cheapest in LA

Morehouse Parish, LA has rental prices ranging from $621/month to $1,255/month in 2021, depending on unit size. The typical 1-bedroom apartment rents for $634/month — 55% below the national average of $1,400/month. With a median household income of $36,981/year, spending $634/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Morehouse Parish Compares

With an average 2-bedroom rent of $725/month, Morehouse Parish ranks #47 most expensive of the 47 cities tracked in Louisiana — more affordable than 99% of all US cities in our data.

The Morehouse Parish Rental Market

The Morehouse Parish, LA area has a population of about 24,967 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Morehouse Parish, LA have fallen by $97/month (11.8%) over the past year, from $822 to $725. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.

Affordability

To afford a 1-bedroom apartment in Morehouse Parish, LA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $25,360. The local median household income of $36,981 exceeds that threshold by $11,621, making Morehouse Parish relatively accessible compared to local wages.

Economy & Jobs

Morehouse Parish, LA has an unemployment rate of 5.9%, 2.0 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.

Is Morehouse Parish, LA Affordable?

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

Rent or Buy in Morehouse Parish?

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

Living in Morehouse Parish

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