
Cheap Apartments for Rent in the Lake Terrace Oaks Neighborhood of New Orleans, LA from $700 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Terrace Oaks area of New Orleans.


Columbia Parc at the Bayou District

Elysian Courtyards Of Gentilly

Chateau Orleans

4500 Elysian Fields Ave

Magnolia Gardens
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Kuebel Village Apartments

The Gentilly

St. John Berchmans Manor

7700 Downman Rd

Filmore Parc Apartments

4408 Congress Dr
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Lake Terrace Oaks, New Orleans, LA Local Guide

How much does it cost to rent an apartment in Lake Terrace Oaks?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Terrace Oaks 1 Bedroom Apartments | $1,249 | $847 | $1,367 |
| Lake Terrace Oaks 2 Bedroom Apartments | $1,510 | $1,008 | $1,787 |
| Lake Terrace Oaks 3 Bedroom Apartments | $1,853 | $1,675 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Lake Terrace Oaks Neighborhood of New Orleans, LA.
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Best Value Apartments for Rent in Lake Terrace Oaks, LA
As of April 16, 2026 the best value apartment in the Lake Terrace Oaks area is the $1.44 price per square foot 2680 Myrtle St Model at 2680 Myrtle St in the in the Lake Terrace neighborhood starting from $2,000. The second greatest value Lake Terrace Oaks apartment is the 2483 Verbena St Model at 2483 Verbena St, Unit 2483 starting at $1,195 with a $1.59 price per square foot in the Lake Terrace neighborhood. Here is today’s list of the best values for Lake Terrace Oaks apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2680 Myrtle St | 2680 Myrtle St | 3BR,3BA | $1.44 |
| 2483 Verbena St, Unit 2483 | 2483 Verbena St | 2BR,1BA | $1.59 |
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans
Written by: Melissa Maxwell
New Orleans is known as The Big Easy, but it's not always easy on the wallet! It's a city built around attracting tourists, so naturally everything is going to be on the pricey side.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.