RentData

Average Rent in Allen Parish, LA Rents rising 9.9% YoY🔻 4th cheapest in LA

HUD FY2025 · Official government data · Updated annually · Metro pop. 22,552

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Allen Parish, LA has rental prices ranging from $666/month to $1,318/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $783/month — 44% below the national average of $1,400/month. With a median household income of $51,138/year, spending $783/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Allen Parish Compares

With an average 2-bedroom rent of $903/month, Allen Parish ranks #44 most expensive of the 47 cities tracked in Louisiana — more affordable than 75% of all US cities in our data.

The Allen Parish Rental Market

The Allen Parish, LA area has a population of about 22,552 and 23% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Allen Parish, LA have risen by $81/month (9.9%) over the past year, from $822 to $903. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Allen Parish, LA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,320. The local median household income of $51,138 exceeds that threshold by $19,818, making Allen Parish relatively accessible compared to local wages.

Economy & Jobs

Allen Parish, LA has an unemployment rate of 5.2%, 1.3 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.

Fair Market Rents

HUD FY2025
Studio
$666
Affordable
1 Bedroom
$783
Affordable
2 Bedrooms
$903
9.9% YoY
Affordable
3 Bedrooms
$1,119
Affordable
4 Bedrooms
$1,318
Average
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Is Allen Parish, LA Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$36,120/year
Local median income: $51,138
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $903/month and 20% down on a home at 7% rate.

Nearby Cities in LAlargest metros in the state

CityStudio1BR2BR3BRHome Value
New Orleans$1,071$1,236$1,478$1,889
Assumption Parish$805$830$926$1,298
Baton Rouge$1,063$1,081$1,222$1,528
Lafayette$740$930$1,052$1,322
Shreveport$767$892$1,017$1,317
Lake Charles$871$877$1,144$1,383

Rent or Buy in Allen Parish?

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

Should I Rent or Buy?

Break-even analysis using real Allen Parish data

$
Home Value
$350,000
2BR Rent
$903/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $903/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Allen Parish

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🏘️Neighborhoods in Allen Parish

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💵Rent Affordability in Allen Parish

Salary needed to afford rent here

🗺️All Cities in LA

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📋LA Tenant Rights

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