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Shreveport-Bossier City Apartment Rental Prices Remain Stable

Apartment buildings in Shreveport

News Summary

Apartment rental prices in the Shreveport-Bossier City Metro area have shown stability in June, with average rents slightly decreasing to $1,122. This reflects a minor drop of 0.1% from May’s average but a 5.3% increase year-over-year. One-bedroom apartments averaged $936, and two-bedroom units averaged $1,090. Comparatively, rental prices are slightly above the state average but remain significantly lower than national figures, despite ongoing safety concerns in the community highlighted by recent violent events.

Shreveport

Apartment rental prices in the Shreveport-Bossier City Metro area remain stable in June, showing only slight fluctuations compared to the previous month. The average rent for apartments is now $1,122, a minor decrease of 0.1% from May’s average of $1,123. However, rental prices have increased by 5.3% compared to the same time last year.

A breakdown of rental prices by unit size reveals that one-bedroom apartments averaged $936 in June, which is nearly unchanged from $937 in May. Year-over-year, one-bedroom rental prices have increased by 5.2% from $890. Two-bedroom apartments averaged $1,090 in June, a slight decrease from $1,091 in May, marking very little fluctuation. Over the past year, two-bedroom rental prices have also risen by 5.2% from $1,036.

In comparison to statewide figures in Louisiana, rental prices in the Shreveport-Bossier City Metro are slightly higher than the statewide average, which is $1,079. In Louisiana, one-bedroom rentals were listed at an average of $920, an increase from $916 in May, while two-bedroom apartment prices also trended higher at $1,083 compared to $1,077.

Within the Shreveport-Bossier City Metro area, average apartment rental prices are reported to be 3% above the state average. One-bedroom rentals are 2% above the state average, while two-bedroom units are 1% above. In contrast, national averages indicate that apartment rental prices remained stable at around $1,398. One-bedroom rentals nationwide averaged $1,231, while two-bedroom rentals were approximately $1,384. Notably, Shreveport-Bossier City Metro’s average rental prices are 20% below the national average, with one-bedroom apartments being 24% below and two-bedroom rentals 21% below.

The rental prices were gathered from data provided by Apartment List, which utilized median rent statistics from the Census Bureau’s American Community Survey and combined them with growth rates from property listing data.

Tragic Shooting Incident

In a separate incident, a shooting at an apartment complex in Shreveport resulted in a fatality. The shooting occurred at the Lifestyle Apartments on Lakeshore Drive around 8:45 p.m. on June 28. The victim was identified as 23-year-old Zauntravious Davis. Additionally, a 2-year-old girl suffered a gunshot wound to her leg, and a 15-year-old male was grazed by a bullet.

This tragic event marked the 23rd homicide in Caddo Parish and the 18th within Shreveport for the year. Such incidents continue to raise concerns about safety in the area.

Fire Incident at Normandy Village Apartments

In another emergency event, firefighters responded to a fire at the Normandy Village Apartments early on July 19. Fire crews successfully rescued a victim who was calling for help amidst heavy smoke and flames, highlighting the challenges faced by residents in Shreveport.

The stability in apartment rental prices amidst these troubling events reflects a market that is experiencing slight growth over the previous year, despite ongoing issues related to safety and public concern in the community.

Deeper Dive: News & Info About This Topic

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Additional Resources

Shreveport-Bossier City Apartment Rental Prices Remain Stable

STAFF HERE SHREVEPORT WRITER
Author: STAFF HERE SHREVEPORT WRITER

The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.

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Author: STAFF HERE SHREVEPORT WRITER The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in

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