Cheap Apartments for Rent in the Lake Terrace Oaks Neighborhood of New Orleans, LA from $900 (3 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Lake Terrace Oaks, New Orleans, LA Local Guide

Best Value Apartments for Rent in Lake Terrace Oaks, LA

As of June 09, 2025 the best value apartment in the Lake Terrace Oaks area is the $1.41 price per square foot Magnolia Model at Elysian Courtyards Of Gentilly in the in the City Park neighborhood starting from $1,362. The second greatest value Lake Terrace Oaks apartment is the B1 Model at Chateau Lake Terrace starting at $1,485 with a $1.73 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.
Elysian Courtyards Of GentillyMagnolia2BR,2BA$1.41
Chateau Lake TerraceB12BR,1BA$1.73

Quick Rent Budget Calculator

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Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

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Getting Around the Lake Terrace Oaks Neighborhood in New Orleans, LA

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

40 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Lake Terrace Oaks Apartments

What types of apartments are the cheapest in Lake Terrace Oaks?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Lake Terrace Oaks that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.