Apartment Occupancy in Shreveport Trends Above U.S. Norm

Occupancy in Shreveport tightened to 96.3% in June, marking the third consecutive month occupancy in this small market outpaced the U.S. norm, bucking historical trends. It was also the third consecutive month occupancy surpassed 96% in Shreveport, no small feat for a market where occupancy has trended closer to 93% over the last decade, according to data from RealPage Market Analytics. In fact,  Shreveport’s June occupancy ranks as a 39-month high and was 440 basis points above the rate seen just 12 months ago. Strong demand and limited supply in this market known for its riverboat casinos and vibrant music scene has driven recent performance. Existing inventory increased only 3.6% over the last decade in Louisiana’s third most populous city to about 26,200 existing apartment units. Meanwhile, demand reached a 25-year high (1,116 units) in 2nd quarter. With limited vacancies, rents have accelerated, growing 4.8% annually. Still, the average effective asking rent in Shreveport as of June 2025 remained at $1,112 per month, one of the most affordable across the top 150 markets.