Rent to own Homes in New Orleans, LA

In the past few years, New Orleans has been affected by a series of natural catastrophes that caused significant material damage as well as the loss of lives. The real estate market was also affected by the hurricane and is only now beginning to recuperate. Even so, at $130,000, the median home sale price in New Orleans remains noticeably lower than the national average. Ever since Hurricane Katrina, the city has witnessed a drop in population along with an increase in apartment vacancy rates. In fact, until a couple of years ago, New Orleans had one of the highest vacancy rates in the entire country. However, things have come a long way since then. With the development of new housing units and reconstruction of hurricane-damaged property, occupancy rates have been on the rise. Since a large number of people are starting over from the scratch, rent-to-own plans have emerged as a popular option.

New Orleans, LA is a great place for affordable rent-to-own homes! With a median household income of over $43,258 and a median rent of $1,025, the New Orleans, LA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in New Orleans, LA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out New Orleans, LA rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
Hot
1 of 13 4705 RAYMOND JOSEPH DR
MORE DETAILS +
Rent To Own
Plum Orchard
Single Family Home
New Orleans, LA 70126
3
2
1245 ft2
2009
New
5151 St Anthony Avenue
MORE DETAILS +
Rent To Own
St. Anthony
Single Family Home
New Orleans, LA 70122
3
2
1200 ft2
2613-2615 Erato St
MORE DETAILS +
Rent To Own
Central City
Single Family Home
New Orleans, LA 70113
6
4
2332 ft2
2021
7000 Curran Rd
MORE DETAILS +
Rent To Own
Little Woods
Single Family Home
New Orleans, LA 70126
3
2
1670 ft2
2023
1 of 22 1015 SAINT LOUIS ST
MORE DETAILS +
Rent To Own
French Quarter
Single Family Home
New Orleans, LA 70112
3
4
2160 ft2
1850
1 of 25 125 ELMIRA AVE
MORE DETAILS +
Rent To Own
Algiers Point
Single Family Home
New Orleans, LA 70114
4
4
2435 ft2
2020
1 of 29 1631 FRENCHMEN ST
MORE DETAILS +
Rent To Own
Seventh Ward
Townhouse/Condo
New Orleans, LA 70116
5
3
2295 ft2
1920
1 of 15 2625 St Charles Avenue #2
MORE DETAILS +
Rent To Own
 
Townhouse/Condo
New Orleans, LA 70130
1
2
857 ft2
1865
1 of 24 448 LYNNMEADE RD
MORE DETAILS +
Rent To Own
Timberlane
Single Family Home
Gretna, LA 70056
4
2
2299 ft2
1970
1 of 23 4610 Murano Street
MORE DETAILS +
Rent To Own
Lake Catherine
Single Family Home
New Orleans, LA 70129
3
3
2384 ft2
1967
New
415 N DUPRE ST
MORE DETAILS +
Rent To Own
Mid-City
Single Family Home
New Orleans, LA 70119
5
3
2244 ft2
2019
New
330 JULIA ST
MORE DETAILS +
Rent To Own
Central Business District
Townhouse/Condo
New Orleans, LA 70130
1
1
700 ft2
1880
1 of 32 1101 05 Magnolia Drive
MORE DETAILS +
Rent To Own
Westwego District Iv
Multifamily (2 - 4 Units)
Westwego, LA 70094
8
8
3883 ft2
1983
214 S QUEENS DR
MORE DETAILS +
Rent To Own
 
Single Family Home
Slidell, LA 70458
3
2
1380 ft2
2007
1 of 32 225 GARDEN AVE
MORE DETAILS +
Rent To Own
 
Single Family Home
Mandeville, LA 70471
3
3
3186 ft2
2007
1 of 16 106-126 Blueberry Hill Lane
MORE DETAILS +
Rent To Own
Luling
Single Family Home
Boutte, LA 70039
5
3
1312 ft2
2021
1 of 52 70042 NANCY RD
MORE DETAILS +
Rent To Own
 
Single Family Home
Mandeville, LA 70471
5
4
1890 ft2
1991
1 of 15 229 E 51ST ST
MORE DETAILS +
Rent To Own
 
Single Family Home
Cut Off, LA 70345
3
2
1560 ft2
1966
1 of 27 11500 W Hwy 190 Highway
MORE DETAILS +
Rent To Own
 
Single Family Home
Hammond, LA 70401
3
2
1325 ft2
1959
11500 HIGHWAY 190 W
MORE DETAILS +
Rent To Own
 
Single Family Home
Hammond, LA 70401
3
2
1325 ft2
1959
1 of 28 719 TECHE ST
MORE DETAILS +
Rent to Own Eligible
 
Single Family Home
New Orleans, LA 70114
5
3
2662 ft2
2022
1 of 16 239 Holmes Boulevard
MORE DETAILS +
Rent to Own Eligible
Terrytown
Single Family Home
Terrytown, LA 70056
4
2
1819 ft2
2024
1 of 25 550 MEHLE ST
MORE DETAILS +
Rent to Own Eligible
Arabi
Single Family Home
Arabi, LA 70032
4
2
3029 ft2
1907
1 of 15 3013 VOLPE DR
MORE DETAILS +
Rent to Own Eligible
Chalmette
Single Family Home
Chalmette, LA 70043
3
1
1219 ft2
1974
1 of 22 3942 BURGUNDY ST
MORE DETAILS +
Rent to Own Eligible
Bywater
Single Family Home
New Orleans, LA 70117
2
3
2100 ft2
2016
1 of 20 433 MONROE ST
MORE DETAILS +
Rent to Own Eligible
Gretna
Single Family Home
Gretna, LA 70053
4
2
1714 ft2
1921
1 of 14 5406 URQUHART ST
MORE DETAILS +
Rent to Own Eligible
Lower Ninth Ward
Townhouse/Condo
New Orleans, LA 70117
4
2
1368 ft2
1935
1 of 14 2104 Paul Drive
MORE DETAILS +
Rent to Own Eligible
Meraux
Single Family Home
Meraux, LA 70075
3
2
1060 ft2
1968
1 of 16 5422 BURGUNDY ST
MORE DETAILS +
Rent to Own Eligible
Holy Cross
Single Family Home
New Orleans, LA 70117
3
1
1051 ft2
1960
5319 SAINT ANTHONY AVE
MORE DETAILS +
Rent to Own Eligible
St. Anthony
Single Family Home
New Orleans, LA 70122
3
2
2646 ft2
1960
1 of 28 117 HUBBELL RD W
MORE DETAILS +
Rent to Own Eligible
Whitney
Single Family Home
New Orleans, LA 70114
4
4
2102 ft2
1 of 22 325 CHINCHILLA DR
MORE DETAILS +
Rent to Own Eligible
Arabi
Single Family Home
Arabi, LA 70032
4
2
1813 ft2
2022
1 of 20 424 BEAR DR
MORE DETAILS +
Rent to Own Eligible
Arabi
Single Family Home
Arabi, LA 70032
4
3
2048 ft2
2022
1 of 22 3110 St Thomas Street #3110
MORE DETAILS +
Rent to Own Eligible
New Aurora
Townhouse/Condo
New Orleans, LA 70115
2
3
1270 ft2
2017
1 of 34 3208 VERONICA DR
MORE DETAILS +
Rent to Own Eligible
Chalmette
Single Family Home
Chalmette, LA 70043
3
2
1465 ft2
1988
1 of 42 2738 BEHRMAN HWY
MORE DETAILS +
Rent to Own Eligible
Tall Timbers - Brechtel
Single Family Home
New Orleans, LA 70114
3
2
1882 ft2
1970
1 of 5 1325 CHARBONNET ST
MORE DETAILS +
Rent to Own Eligible
Lower Ninth Ward
Single Family Home
New Orleans, LA 70117
3
2
1322 ft2
2024
1 of 31 2813 MUMPHREY RD
MORE DETAILS +
Rent to Own Eligible
Chalmette
Single Family Home
Chalmette, LA 70043
5
3
2456 ft2
1966
1 of 22 3228 VERONICA DR
MORE DETAILS +
Rent to Own Eligible
Chalmette
Single Family Home
Chalmette, LA 70043
3
2
1742 ft2
1974
1119 LEBOEUF ST
MORE DETAILS +
Rent to Own Eligible
Whitney
Townhouse/Condo
New Orleans, LA 70114
4
2
1690 ft2
1970
1 of 28 5828 BACCICH ST
MORE DETAILS +
Rent to Own Eligible
Milneburg
Single Family Home
New Orleans, LA 70122
2
1
1260 ft2
1950
6038 CAMERON BLVD
MORE DETAILS +
Rent to Own Eligible
St. Anthony
Single Family Home
New Orleans, LA 70122
3
2
1325 ft2
2018
7930 TROUT RD
MORE DETAILS +
Rent to Own Eligible
Little Woods
Single Family Home
New Orleans, LA 70126
3
2
1466 ft2
1960
1 of 11 2213 MARIETTA ST
MORE DETAILS +
Rent to Own Eligible
Chalmette
Single Family Home
Chalmette, LA 70043
3
2
1319 ft2
Map
Sponsored Link

More New Orleans, LA Property Resources

Rent to own Homes in Cities Near New Orleans, LA

Browse all Rent to own Homes in Louisiana

Median Home Price in New Orleans, LA

Median Rent in New Orleans, LA

Rent to own homes offer low monthly payments and flexible terms.

School Systems As with other sectors, school systems have also improved significantly in the years following Hurricane Katrina. Prior to the hurricane, the New Orleans Public School system was among the worst performing education systems in the country. However, in the wake of Katrina, RSD, or the Recovery School District of Louisiana, took matters into its hands, making some drastic reforms and overhauling the entire bureaucracy. Soon enough, results were evident as the graduation rate rose from a disappointing 55 percent to a healthy 75 percent. RSD directly runs close to 30 schools and grants charters to another 30 or so, thus controlling a majority of the education system and making New Orleans the only city where more than half the children go to public chartered schools. Even when the positive changes in the school system are taken into consideration, the truth is that New Orleans school system is still lagging behind in terms of hard statistics, infrastructure, and overall student development. However, if recent trends are anything to go by, this could soon be a thing of the past.

Weather and Climate Geographically, New Orleans is surrounded by water on three sides and is situated at latitude 29.9 N, which means that it has a typical subtropical climate. Summers are hot and humid while winters last for only a short time and are moderately cold. July and August are extremely humid (sometimes, unbearably so) while other months are fairly pleasant with the average temperature hovering somewhere around the 70 F mark. Having said that, it's hard to make definitive statements about New Orleans weather as temperatures fluctuate significantly within a single day. Rainfall is usually sudden and can cause a dip in temperatures. It's no secret that the city is prone to hurricanes, especially in the months between June to November.

Neighborhood Guide The neighborhoods of New Orleans reflect the cultural vibrancy of the city. Besides boasting of French architecture and antique houses, most neighborhoods also have a high walk score (an index of how pedestrian friendly an area is and how much work you can get done on foot). Here is a brief list of some of the most prominent areas in the city: