New Iberia, 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 New Iberia, Louisiana rental market.
New Iberia, Louisiana
Average Apartment Rent
$900
Y-o-Y Change in Average
Apartment Rent
-5%
As of May 2026
Compared to a year ago, New Iberia, Louisiana apartments have recorded a -5% rent decrease.
New Iberia, Louisiana Average apartment rent trend
New Iberia, Louisiana Average Apartment Rent
New Iberia, Louisiana Apartment rent ranges
At 77.07%, apartments priced Under $1,000 represent the bulk of New Iberia, Louisiana rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 4.15%.
New Iberia, Louisiana Housing tenure**
Renters take up 49% of New Iberia, Louisiana real estate, occupying a total of 5,486 units, while homeowners live in 5,715 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$28,452
Average household size of renter-occupied housing units**
2.46
Rental vacancy rate**
12.2%
New Iberia, Louisiana Renter-occupied housing units by no. of bedrooms**
There are 2,583 rentals in New Iberia, Louisiana with 2 beds making up the highest share of the market, at 47%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 62 units. Overall, the median number of rooms in New Iberia, Louisiana homes for rent is 4.4.
New Iberia, Louisiana Renter-occupied units by age of householder**
Most condos for rent in New Iberia, Louisiana are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 45 - 54 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
New Iberia, Louisiana Renter-occupied housing units by family type**
New Iberia, Louisiana Renter-occupied housing units by the presence of own children**
A total of 3,185 apartments for rent in New Iberia, Louisiana, or 58% of all rentals are family households. Additionally, 43% of rental homes include children under the age of 18 – that’s 2,378 units. All in all, the median size of a renter-occupied household in New Iberia, Louisiana is 2.46.
New Iberia, Louisiana Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 13% of the rental market. In contrast, residents with less than a high school degree reside in 23% of the homes for rent in New Iberia, Louisiana.
New Iberia, Louisiana Renter-occupied units by year structure built**
The highest share of New Iberia, Louisiana apartment rentals, namely 19% or 1,036 units, were Built 1950 - 1959, followed by those Built 2000 - 2009 (15%, 809 units), and the ones Built 1960 - 1969 (13%, 723 units).
New Iberia, Louisiana Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most New Iberia, Louisiana renters (40%) moved in 2010 to 2017, while only 3% of them moved in 1989 or earlier. Overall, the median year renters have occupied their New Iberia, Louisiana condos for rent is 2017.
New Iberia, Louisiana Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of New Iberia, Louisiana renters have 1 vehicle available per household, 36% of them have No vehicle available, and 16% have 2 vehicles available.
New Iberia, Louisiana Means of transportation to work of householders living in renter-occupied housing units**
New Iberia, 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 New Iberia, 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
