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RentData.org Logo Lake Charles Fair Market Rent FY 2023 Lake Charles, LA MSA Rental Data

Fair Market Rent Prices in Lake Charles, LA :
$756 $767 $983 $1,235 $1,322
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 73% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lake Charles is $983 per month.

The previous year, rent for a two-bedroom home was $884 per month. This is a 11.2% increase year-over-year.

This FMR rate applies to Hayes, LA, Bell City, LA, Vinton, LA, Iowa, LA, Westlake, LA, Sulphur, LA, Lake Charles, 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 one county or city in Louisiana which is listed in the table below. Estimated population of Lake Charles, LA MSA FMR area is 202,858 people based on latest Census data.

Compared to the rest of Louisiana, the Lake Charles FMR area is more expensive than 86% 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 $ 820
1-BR 1-Bedroom $ 833
2-BR 2-Bedroom $ 1067
3-BR 3-Bedroom $ 1341
4-BR 4-Bedroom $ 1435
Change Year:

There is just one county (listed below) within the Lake Charles, LA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Lake Charles.

County / Region Est. Population
Lake Charles, LA Metro 202,858
Zip Codes in Lake Charles, LA MSA

There are 17 unique zip codes in this Fair Market Rent (FMR) area:

70601, 70602, 70605, 70606, 70607, 70611, 70612, 70615, 70616, 70629, 70630, 70646, 70647, 70663, 70665, 70668 and 70669

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