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Renters In New Orleans Paid $1.8 Billion To Landlords Last Year

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Charleston's TheDigitel
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Renters in New Orleans paid about $1.8 billion to landlords last year, an increase of about 5 percent from 2013.

A report by the real estate website Zillow says that renters in New Orleans paid about $1.8 billion to landlords last year, an increase of about 5 percent from 2013.

The uptick in rent dollars was linked to a combination of an increase in the number of renters on the market and rising rental costs.

While New Orleans was on par with the national average increase, other cities saw even bigger hikes in the money renters were paying out: San Francisco was up 13 percent, and the money Denver's renters paid was up by more than 10 percent.

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