Updated 5+ Days Ago
Highlights
- Open-concept floor plan
- Spacious living area
- Inviting outdoor space
- Easy access
Location
516 Peniston St, New Orleans, LA 70115, USA|East Riverside
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Property Overview
An open-concept floor plan and spacious living area pair with inviting outdoor space and easy access, creating a comfortable setting overall. Nearby amenities include a top-rated high school, public transportation, grocery options, and pet-friendly resources such as pet supply stores, a dog park, and grooming services.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby
Great for
Pet owners
Amenities for 516 Peniston St, East Riverside
Features
| Central Air |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Business Center | Cats OK |
Grounds
| Outdoor Space |
Other
| Eight Rooms |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 516 Peniston St
Property Status: Pending Welcome to 516 Peniston Street, a beautifully maintained 3-bedroom, 2-bath home in the heart of Uptown New Orleans. This move-in-ready property features a spacious open-concept floor plan with the kitchen flowing seamlessly into the living area-perfect for everyday living and entertaining. In addition to three bedrooms, a separate bonus room offers flexible space for a home office, playroom, study, or additional living area. The home is in excellent condition and features a lovely backyard with plenty of room to relax, entertain, or enjoy outdoor living. Ideally located just four blocks from Magazine Street, you'll have easy access to some of New Orleans' best restaurants, shopping, coffee shops, and neighborhood favorites. You're also just steps from the Tchoupitoulas Street commercial corridor, with popular restaurants, breweries, and local businesses nearby. Enjoy the best of Uptown New Orleans living with a flexible floor plan, inviting outdoor space, and an exceptional location convenient to Magazine Street and Tchoupitoulas. Cats ok, dogs accepted on case by case basis. No lessee access to the shed in backyard. Available now! Office Phone: (504) 715-0115 Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 516 Peniston St compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.1 miles away
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.6 miles away
Address details
| Neighborhood | East Riverside |
|---|---|
| Zip code | 70115 |
| Type | House for rent |
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Rent trends in East Riverside
3-bedroom apartments at 516 Peniston St cost about 15% more than the average rent price for 3-bedroom apartments in New Orleans.
Median rents as of Oct 3 2026.
East Riverside
New Orleans
| Month | Median Rent |
|---|---|
| October 2024 | $2,000 |
| November 2024 | $1,990 |
| December 2024 | $1,937 |
| January 2025 | $1,974 |
| February 2025 | $2,000 |
| March 2025 | $1,961 |
| April 2025 | $1,993 |
| May 2025 | $2,090 |
| June 2025 | $2,112 |
| July 2025 | $2,123 |
| August 2025 | $2,137 |
| September 2025 | $2,200 |
| October 2025 | $2,142 |
| November 2025 | $2,014 |
| December 2025 | $2,021 |
| January 2026 | $2,000 |
| February 2026 | $1,980 |
| March 2026 | $1,950 |
| April 2026 | $2,000 |
| May 2026 | $2,000 |
| June 2026 | $2,075 |
| July 2026 | $2,143 |
| August 2026 | $2,120 |
| September 2026 | $2,100 |
| October 2026 | $2,100 |
| Month | Median Rent |
|---|---|
| July 2025 | $5,500 |
| August 2025 | $5,020 |
| September 2026 | $3,300 |
| October 2026 | $3,300 |
Affordability calculator
Can I afford to live at 516 Peniston St?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$152,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $152,000 annually to afford this 3-bedrooms monthly rent price of $3,800.
For more information on rent affordability, visit our rent calculator.
Schools near 516 Peniston St
Ruppel Academie Francaise
815 huey p long ave
gretna, LA, 70053
PK, K-6Public
A
Riverside Alternative High School
3225 river rd
bridge city, LA, 70094
1-12Public
Travis Hill School
1100 milton st
new orleans, LA, 70122
3-12Public
Belle Chasse Primary School
601 f edward hebert blvd
belle chasse, LA, 70037
PK, K-1Public
Arlene Meraux Elementary School
4004 paris rd
chalmette, LA, 70043
PK, K-5Public
B
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Internet available near 516 Peniston St
Getting around New Orleans near 516 Peniston St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 516 Peniston St, New Orleans
Groceries
8/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
9/10
Wide variety of shops within a few minutes' walk
Cafes
9/10
Wide variety of cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
8/10
Wide variety of bars within a few minutes' walk
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