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
5891 BELLAIRE DR
Rent To Own
Lakewood
Single Family Home
New Orleans, LA 70124
5
6
3481 ft2
2008
2613-2615 Erato St
Rent To Own
Central City
Single Family Home
New Orleans, LA 70113
6
4
2332 ft2
2021
1029 Barracks St
Rent To Own
French Quarter
Single Family Home
New Orleans, LA 70116
1
1
450 ft2
1850
1124 MICHAEL ST
Rent To Own
Nicholson Place
Single Family Home
Marrero, LA 70072
3
2
1195 ft2
1985
1 of 12 4833 ZENITH ST #5
Rent To Own
Harvard Estates
Townhouse/Condo
Metairie, LA 70001
1
1
544 ft2
1966
58064 ABS RD
Rent To Own
 
Single Family Home
Slidell, LA 70460
3
2
1050 ft2
1995
1 of 39 67315 ARMEL RD
Rent To Own
 
Single Family Home
Mandeville, LA 70471
5
4
2776 ft2
1984
New
7331 S CLAIBORNE AVE
Rent to Own Eligible
Marleyville - Fontainbleau
Single Family Home
New Orleans, LA 70125
3
2
1793 ft2
1920
New
4205 S JOHNSON ST
Rent to Own Eligible
Broadmoor
Townhouse/Condo
New Orleans, LA 70125
4
2
2032 ft2
1920
625 SAINT CHARLES AVE #10D
Rent to Own Eligible
Central Business District
Townhouse/Condo
New Orleans, LA 70130
2
2
1955 ft2
2002
5529 LOYOLA AVE
Rent to Own Eligible
Audubon
Townhouse/Condo
New Orleans, LA 70115
4
2
2834 ft2
1910
6229 BELLAIRE DR
Rent to Own Eligible
West End
Townhouse/Condo
New Orleans, LA 70124
6
4
3572 ft2
1975
2545 ALLEN TOUSSAINT BLVD
Rent to Own Eligible
Milneburg
Single Family Home
New Orleans, LA 70122
3
2
1070 ft2
1965
330 AUDUBON ST
Rent to Own Eligible
Audubon
Townhouse/Condo
New Orleans, LA 70118
5
4
4308 ft2
1900
8430 JEANNETTE ST
Rent to Own Eligible
Leonidas
Townhouse/Condo
New Orleans, LA 70118
4
2
1561 ft2
1930
1 of 59 5301 SAINT BERNARD AVE
Rent to Own Eligible
Fillmore
Single Family Home
New Orleans, LA 70122
3
3
1640 ft2
1950
1 of 26 2601 CARONDELET ST
Rent to Own Eligible
Central City
Townhouse/Condo
New Orleans, LA 70130
1
1
450 ft2
1960
2649 SAINT ANN ST
Rent to Own Eligible
Treme - Lafitte
Single Family Home
New Orleans, LA 70119
3
2
1125 ft2
1920
4120 JUMONVILLE ST
Rent to Own Eligible
St. Bernard Area
Single Family Home
New Orleans, LA 70122
3
1
1600 ft2
1950
3822 HAVANA PL
Rent to Own Eligible
Dillard
Single Family Home
New Orleans, LA 70122
2
1
1016 ft2
1940
5324 WILTON DR
Rent to Own Eligible
St. Anthony
Single Family Home
New Orleans, LA 70122
3
2
1320 ft2
1960
5714 DEBORE DR
Rent to Own Eligible
Ponchartrain Park
Single Family Home
New Orleans, LA 70126
3
2
1120 ft2
1950
1403 BROADWAY ST
Rent to Own Eligible
Audubon
Townhouse/Condo
New Orleans, LA 70118
2
3
1625 ft2
1986
7715 NELSON ST
Rent to Own Eligible
Marleyville - Fontainbleau
Single Family Home
New Orleans, LA 70125
3
2
2072 ft2
1920
4612 CAMP ST
Rent to Own Eligible
Uptown
Single Family Home
New Orleans, LA 70115
3
2
1575 ft2
1910
232 LAKE MARINA AVE #8D
Rent to Own Eligible
West End
Townhouse/Condo
New Orleans, LA 70124
3
2
2633 ft2
2002
4023 MONROE ST
Rent to Own Eligible
Dixon
Townhouse/Condo
New Orleans, LA 70118
4
2
1632 ft2
1920
2628 ALLEN ST
Rent to Own Eligible
Seventh Ward
Townhouse/Condo
New Orleans, LA 70119
4
2
1080 ft2
1940
7814 COLAPISSA ST
Rent to Own Eligible
Marleyville - Fontainbleau
Single Family Home
New Orleans, LA 70125
3
1
1242 ft2
1920
1813 WASHINGTON AVE
Rent to Own Eligible
Central City
Townhouse/Condo
New Orleans, LA 70113
4
4
2664 ft2
1940
2622 GOVERNOR NICHOLLS ST
Rent to Own Eligible
Treme - Lafitte
Single Family Home
New Orleans, LA 70119
3
2
1720 ft2
1935
3331 ALLEN ST
Rent to Own Eligible
Dillard
Townhouse/Condo
New Orleans, LA 70122
4
2
1440 ft2
1940
6103 CANAL BLVD
Rent to Own Eligible
Lakeview
Townhouse/Condo
New Orleans, LA 70124
4
4
3940 ft2
1930
2725 WISTERIA ST
Rent to Own Eligible
 
Single Family Home
New Orleans, LA 70122
3
2
1190 ft2
1940
3213 MONTEGUT ST
Rent to Own Eligible
Desire Area
Townhouse/Condo
New Orleans, LA 70126
3
1
1116 ft2
1960
2027 FRANKLIN AVE
Rent to Own Eligible
 
Townhouse/Condo
New Orleans, LA 70117
4
2
2050 ft2
1940
3101 BELFORT AVE
Rent to Own Eligible
Fairgrounds
Townhouse/Condo
New Orleans, LA 70119
4
2
2262 ft2
1970
3701 MARIGNY ST
Rent to Own Eligible
Gentilly Terrace
Single Family Home
New Orleans, LA 70122
3
2
1690 ft2
1970
Hot
5519 LAFAYE ST
Rent to Own Eligible
Milneburg
Single Family Home
New Orleans, LA 70122
2
2
1250 ft2
1960
5667 MARCIA AVE
Rent to Own Eligible
Lakewood
Single Family Home
New Orleans, LA 70124
3
2
2620 ft2
1967
1905 FRENCHMEN ST
Rent to Own Eligible
Seventh Ward
Townhouse/Condo
New Orleans, LA 70116
4
2
1674 ft2
1900
1101 PENISTON ST
Rent to Own Eligible
Touro
Single Family Home
New Orleans, LA 70115
6
3
3482 ft2
1920
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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: