Best Places to Buy Rental Property in Louisiana (2026)

There is no honest way to rank Louisiana cities by rental return without rent data, and this page does not have it. What it does have is transaction evidence: the median price homes actually closed at inside each city's limits, and how many closings happened. That answers the two questions that come before any cash flow analysis, what it costs to get in and whether you can get back out.

What this page measures, and what it does not

Every city below cleared at least 100 closings in its reporting window, which filters out markets too thin to read. They are ranked cheapest first by median closed price, from $167,950 to $248,500. You will not find rent estimates, rent-to-price ratios, cap rates, cash-on-cash projections or gross yield rankings here. Resideline does not have verified rent data for these cities, so publishing those numbers would be invention rather than analysis. Entry price and transaction volume are what the data supports. Every figure describes closings inside the city limits, not the wider postal area that shares the city's name. The two can differ a lot: a postal area usually reaches into surrounding townships, which pulls the median toward whatever those townships are worth. Louisiana's statewide median closed price is $263,900 across 21,730 tracked closings.

The rankings

1. New Iberia, $167,950, 200 closings

At $167,950 the entry price is about 64 percent of the Louisiana median. Resideline tracked 200 closings there over the last last 12 months, roughly 17 a month. About 95 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the New Iberia market page.

2. Alexandria, $177,750, 152 closings

At $177,750 the entry price is about 67 percent of the Louisiana median. Resideline tracked 152 closings there over the last last six months, roughly 25 a month. About 87 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Alexandria market page.

3. Houma, $186,000, 316 closings

At $186,000 the entry price is about 70 percent of the Louisiana median. Resideline tracked 316 closings there over the last last 12 months, roughly 26 a month. About 98 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Houma market page.

4. Slidell, $189,250, 188 closings

At $189,250 the entry price is about 72 percent of the Louisiana median. Resideline tracked 188 closings there over the last last six months, roughly 31 a month. About 91 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Slidell market page.

5. Marrero, $189,999, 186 closings

At $189,999 the entry price is about 72 percent of the Louisiana median. Resideline tracked 186 closings there over the last last 12 months, roughly 16 a month. About 97 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Marrero market page.

6. Sulphur, $191,500, 264 closings

At $191,500 the entry price is about 73 percent of the Louisiana median. Resideline tracked 264 closings there over the last last 12 months, roughly 22 a month. About 96 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Sulphur market page.

7. Thibodaux, $195,000, 131 closings

At $195,000 the entry price is about 74 percent of the Louisiana median. Resideline tracked 131 closings there over the last last 12 months, roughly 11 a month. That is a thin market: both your comparable set and your eventual exit depend on a small buyer pool. About 86 percent of those closings are houses, so the figure describes that segment rather than every property type. This is a low-volume market, so treat the median as directional. Full detail is on the Thibodaux market page.

8. Shreveport, $199,900, 1,064 closings

At $199,900 the entry price is about 76 percent of the Louisiana median. Resideline tracked 1,064 closings there over the last last six months, roughly 177 a month. About 91 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Shreveport market page.

9. West Monroe, $203,000, 129 closings

At $203,000 the entry price is about 77 percent of the Louisiana median. Resideline tracked 129 closings there over the last last 12 months, roughly 11 a month. That is a thin market: both your comparable set and your eventual exit depend on a small buyer pool. About 89 percent of those closings are houses, so the figure describes that segment rather than every property type. This is a low-volume market, so treat the median as directional. Full detail is on the West Monroe market page.

10. Denham Springs, $229,995, 143 closings

At $229,995 the entry price is about 87 percent of the Louisiana median. Resideline tracked 143 closings there over the last last 12 months, roughly 12 a month. That is a thin market: both your comparable set and your eventual exit depend on a small buyer pool. About 98 percent of those closings are houses, so the figure describes that segment rather than every property type. This is a low-volume market, so treat the median as directional. Full detail is on the Denham Springs market page.

11. Lake Charles, $230,500, 575 closings

At $230,500 the entry price is about 87 percent of the Louisiana median. Resideline tracked 575 closings there over the last last six months, roughly 96 a month. About 93 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Lake Charles market page.

12. Hammond, $235,000, 161 closings

At $235,000 the entry price is about 89 percent of the Louisiana median. Resideline tracked 161 closings there over the last last 12 months, roughly 13 a month. About 93 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Hammond market page.

13. Bossier City, $236,450, 428 closings

At $236,450 the entry price is about 90 percent of the Louisiana median. Resideline tracked 428 closings there over the last last six months, roughly 71 a month. About 94 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Bossier City market page.

14. Baton Rouge, $246,750, 1,070 closings

At $246,750 the entry price is about 94 percent of the Louisiana median. Resideline tracked 1,070 closings there over the last last six months, roughly 178 a month. Full detail is on the Baton Rouge market page.

15. Monroe, $248,500, 292 closings

At $248,500 the entry price is about 94 percent of the Louisiana median. Resideline tracked 292 closings there over the last last 12 months, roughly 24 a month. About 96 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Monroe market page.

How to use this list

Treat it as a shortlist, not an answer. A citywide median cannot price a specific address: property type, size, condition and location move a number far more than the city line does. Run any address on this list through Resideline for the comparable set behind its value.

Figures last updated August 23, 2026 from closings Resideline tracked.