Cheap Apartments for Rent in the Lake Terrace Oaks Neighborhood of New Orleans, LA from $700 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Terrace Oaks area of New Orleans.

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Chateau Orleans
3 Bedroom Apartments

Chateau Orleans

6930-6948 Orleans AveNew Orleans, LA 70124

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.

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Magnolia Gardens
1 to 2 Bedroom Apartments

Magnolia Gardens

6001 Downman RdNew Orleans, LA 70126
  • Utilities Included
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The Gentilly
1 to 2 Bedroom Apartments

The Gentilly

5700 Saint Anthony AveNew Orleans, LA 70122
  • Utilities Included
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7700 Downman Rd
2 Bedroom Apartments

7700 Downman Rd

7700 Downman RdNew Orleans, LA 70126
  • Utilities Included

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.

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4408 Congress Dr
1 to 2 Bedroom Apartments

4408 Congress Dr

4408 Congress DrNew Orleans, LA 70126
  • Utilities Included

Cheapest Available Lake Terrace Oaks Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Chateau Lake TerraceB32BR,2BA$1,579

Best Value Apartments for Rent in Lake Terrace Oaks, LA

As of June 01, 2026 the best value apartment in the Lake Terrace Oaks area is the $1.75 price per square foot B3 Model at Chateau Lake Terrace in the in the City Park neighborhood starting from $1,579. The second greatest value Lake Terrace Oaks apartment is the 1735 King Dr Model at 1735 King Dr, Unit Apartment starting at $1,325 with a $1.66 price per square foot in the City Park neighborhood. Here is today’s list of the best values for Lake Terrace Oaks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Chateau Lake TerraceB32BR,2BA$1.75
1735 King Dr, Unit Apartment1735 King Dr2BR,1BA$1.66

Frequently Asked Questions about Cheap Lake Terrace Oaks Apartments

What is the lowest price for a Cheap Two Bedroom Lake Terrace Oaks Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Terrace Oaks is starting from $1,579 at Chateau Lake Terrace.

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

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.