Logo Lake Charles Fair Market Rent FY 2019 Lake Charles, LA MSA Rental Data

Fair Market Rent Prices in Lake Charles, LA :
$587 $661 $827 $1,059 $1,209
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Lake Charles are average compared to the national average. This FMR area is more expensive than 74% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lake Charles is $827 per month.

The previous year, rent for a two-bedroom home was $791 per month. This is a 4.55% increase year-over-year.

This FMR rate applies to Creole, LA, Grand Chenier, LA, Hayes, LA, Cameron, LA, Hackberry, LA, Bell City, LA, Gueydan, LA, Lake Arthur, LA, Vinton, LA, Iowa, LA and other cities within the region. The Metro Code or CBSA code for this region is METRO29340M29340.

Additionally, This Fair Market Rent (FMR) area Lake Charles, LA MSA spans two counties or cities in Louisiana which ares listed in the table below. Estimated population of Lake Charles, LA MSA FMR area is 199,607 people based on 2010 Census data.

Compared to the rest of Louisiana, the Lake Charles FMR area is more expensive than 84% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Lake Charles. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lake Charles

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 631
1-BR 1-Bedroom $ 711
2-BR 2-Bedroom $ 889
3-BR 3-Bedroom $ 1138
4-BR 4-Bedroom $ 1300
Change Year:

The counties, cities, towns, and regions listed below fall into the Lake Charles, LA MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Lafayette, La and Lake Charles.

County / Region Est. Population
Calcasieu Parish, LA Metro 192,768
Cameron Parish, LA Metro 6,839
Zip Codes in Lake Charles, LA MSA

There are 23 unique zip codes in this Fair Market Rent (FMR) area:

70542, 70549, 70601, 70602, 70605, 70606, 70607, 70611, 70612, 70615, 70616, 70629, 70630, 70631, 70632, 70643, 70645, 70646, 70647, 70663, 70665, 70668 and 70669

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