Rents in Baton Rouge increased 1.1% in May compared to a 0.5% increase nationwide, according to Apartment List’s latest Baton Rouge Rent Report.
Year-over-year rent growth in Baton Rouge now stands at +1.4%, up from +1.3% one year ago.
Today, the median rent in Baton Rouge is $917 for a one-bedroom unit and $1,141 for a two-bedroom unit. The citywide apartment vacancy rate stands at 6.1%, down 1 percentage point from this time last year.
Baton Rouge is currently the 90th most expensive large city in the U.S.
Nationally, median rent increased by 0.5% in May as the rental market enters its busy season. Year-over-year rent growth remains negative at -1.5% but ticked up slightly compared to last month. The multifamily vacancy rate—though still elevated at 7.2%—has fallen for the first time in several years, albeit modestly.
