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

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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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

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.

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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
Elysian Courtyards Of GentillyIris1BR,1BA$847
Chateau Lake TerraceA21BR,1BA$1,215

Best Value Apartments for Rent in Lake Terrace Oaks, LA

As of March 02, 2026 the best value apartment in the Lake Terrace Oaks area is the $1.66 price per square foot 2483 Verbena St Model at 2483 Verbena St, Unit 2483 in the in the Lake Terrace neighborhood starting from $1,325. 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.
2483 Verbena St, Unit 24832483 Verbena St2BR,1BA$1.66
1735 King Dr, Unit Apartment1735 King Dr2BR,1BA$1.66
Elysian Courtyards Of GentillyIris1BR,1BA$1.18
Chateau Lake TerraceA21BR,1BA$1.71

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 2 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

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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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.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.