Elmwood, Louisiana Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Elmwood, Louisiana rental market.
Elmwood, Louisiana
Average Apartment Rent
$1,507
Y-o-Y Change in Average
Apartment Rent
-2.9%
As of May 2026
Compared to a year ago, Elmwood, Louisiana apartments have recorded a -2.9% rent decrease.
Elmwood, Louisiana Average apartment rent trend
Elmwood, Louisiana Average Apartment Rent
Elmwood, Louisiana Apartment rent ranges
At 49.12%, apartments priced $1,000 - $1,500 represent the bulk of Elmwood, Louisiana rentals, while condos priced Under $1,000 hold the lowest share of the market – 2.85%.
Elmwood, Louisiana Housing tenure**
Renters take up 85% of Elmwood, Louisiana real estate, occupying a total of 2,948 units, while homeowners live in 514 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$80,120
Average household size of renter-occupied housing units**
1.68
Rental vacancy rate**
5.4%
Elmwood, Louisiana Renter-occupied housing units by no. of bedrooms**
There are 1,700 rentals in Elmwood, Louisiana with 2 beds making up the highest share of the market, at 58%. Units with 3 beds, on the other hand, hold the lowest percentage (1%), amounting to 26 units. Overall, the median number of rooms in Elmwood, Louisiana homes for rent is 3.8.
Elmwood, Louisiana Renter-occupied units by age of householder**
Most condos for rent in Elmwood, Louisiana are occupied by residents in the 25 - 34 years age group (46%), followed by those in the 65 - 74 years age group (13%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Elmwood, Louisiana Renter-occupied housing units by family type**
Elmwood, Louisiana Renter-occupied housing units by the presence of own children**
A total of 852 apartments for rent in Elmwood, Louisiana, or 29% of all rentals are family households. Additionally, 16% of rental homes include children under the age of 18 – that’s 458 units. All in all, the median size of a renter-occupied household in Elmwood, Louisiana is 1.68.
Elmwood, Louisiana Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 66% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Elmwood, Louisiana.
Elmwood, Louisiana Renter-occupied units by year structure built**
The highest share of Elmwood, Louisiana apartment rentals, namely 28% or 837 units, were Built 1980 - 1989, followed by those Built 1990 - 1999 (25%, 734 units), and the ones Built 2000 - 2009 (20%, 600 units).
Elmwood, Louisiana Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Elmwood, Louisiana renters (39%) moved in 2010 to 2017, while only 4% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Elmwood, Louisiana condos for rent is 2017.
Elmwood, Louisiana Renter-occupied housing units by vehicles available**
When it comes to transportation options, 71% of Elmwood, Louisiana renters have 1 vehicle available per household, 27% of them have 2 or more vehicles available, and 2% have No vehicle available.
Elmwood, Louisiana Means of transportation to work of householders living in renter-occupied housing units**
Elmwood, Louisiana Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Elmwood, Louisiana apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
