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from $1,1001 Bedroom Apartments Available Now
6564 Fleur De Lis Dr
6564 Fleur De Lis DrNew Orleans, LA 70124
Cheap Apartments for Rent in the Lake Terrace Neighborhood of New Orleans, LA from $800 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Terrace area of New Orleans.
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from $1,1491 to 2 Bedroom Apartments Available Now
Elysian Courtyards Of Gentilly
3000 Gentilly BlvdNew Orleans, LA 70122
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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from $1,152Studio to 3 Bedroom Apartments Available Now
Esplanade at City Park
3443 Esplanade AveNew Orleans, LA 70119
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from $1,2002 Bedroom Apartment Available Jun 16
2718 Mithra St, Unit 1
2718 Mithra StNew Orleans, LA 70122
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from $1,200Studio to 2 Bedroom Apartments Available Now
Sailboat Bay
8600 Pontchartrain BlvdNew Orleans, LA 70124
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from $1,2051 to 3 Bedroom Apartments Contact Us For Availability
Columbia Parc at the Bayou District
1400 Milton StNew Orleans, LA 70122
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from $1,2301 to 3 Bedroom Apartments Available Now
Chateau Lake Terrace
1610 Allen Toussaint BlvdNew Orleans, LA 70122
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4737 Demontluzin St
New OrleansLA70122
The Art of the Rental Viewing: What to look for during a property tour
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2325 Abundance St
New OrleansLA70122
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
6040 Baccich St
New OrleansLA70122
3638 Elysian Fields Ave
New OrleansLA70122
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from $824Studio to 1 Bedroom Apartments Available Now
Lake Villa
1432 Lake AveMetairie, LA 70005
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Lake Terrace, New Orleans, LA Local Guide
How much does it cost to rent an apartment in Lake Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Terrace Studio Apartments | $1,178 | $824 | $1,356 |
| Lake Terrace 1 Bedroom Apartments | $1,607 | $1,017 | $2,340 |
| Lake Terrace 2 Bedroom Apartments | $1,941 | $1,200 | $3,000 |
| Lake Terrace 3 Bedroom Apartments | $1,951 | $1,510 | $3,200 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 3 mile radius of the Lake Terrace Neighborhood of New Orleans, LA.
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Lake Terrace, New Orleans, LA Local Guide
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Cheapest Available Lake Terrace Apartments for Rent
The cheapest available apartment rental in the Lake Terrace area of New Orleans, LA is a Studio unit found at Lake Villa priced from $824. 6564 Fleur De Lis Dr has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Lake Terrace apartments for rent in New Orleans, LA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Villa | Studio | Studio,1BA | $824 |
| 6564 Fleur De Lis Dr | One Bedroom | 1BR,1BA | $1,100 |
| Esplanade at City Park | NAPOLEON | Studio,1BA | $1,152 |
| Sailboat Bay | Studio | 1BR,1BA | $1,200 |
| Elysian Courtyards Of Gentilly | Magnolia | 2BR,2BA | $1,362 |
Best Value Apartments for Rent in Lake Terrace, LA
As of June 16, 2025 the best value apartment in the Lake Terrace area is the $1.22 price per square foot Luxury 3 Bedrooms, 2 Baths Model at Wilshire Heights in the in the Lake Terrace neighborhood starting from $1,865. The second greatest value Lake Terrace apartment is the The Shell Model at Marina Vista Apartments starting at $1,775 with a $1.45 price per square foot in the City Park neighborhood. Here is today’s list of the best values for Lake Terrace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wilshire Heights | Luxury 3 Bedrooms, 2 Baths | 3BR,2BA | $1.22 |
| Marina Vista Apartments | The Shell | 2BR,2BA | $1.45 |
| Elysian Courtyards Of Gentilly | Magnolia | 2BR,2BA | $1.41 |
| Chateau Lake Terrace | B1 | 2BR,1BA | $1.75 |
| Lumina | Carina | 1BR,1BA | $2.42 |
| 6564 Fleur De Lis Dr | One Bedroom | 1BR,1BA | $1.83 |
| American Can Apartments | 1AA | 1BR,1BA | $3.39 |
| Sailboat Bay | Studio | Studio ,1BA | $2.31 |
| Esplanade at City Park | CONTI | Studio ,1BA | $2.30 |
| Lake Villa | Studio | Studio ,1BA | $2.06 |
Quick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleLake Terrace, New Orleans, LA
Ranked #41
Among neighborhoods in New Orleans, LA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Lake Terrace Apartments
What is a cheap apartment in Lake Terrace?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Terrace is under $1,870.
What is the price of a cheap apartment in Lake Terrace?
The cheapest apartment in Lake Terrace is 6564 Fleur De Lis Dr which is listed at $1,100, while the average apartment in Lake Terrace costs $1,829.
What types of apartments are the cheapest in Lake Terrace?
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 that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Terrace?
Cheap apartments in Lake Terrace have an average cost of $279 which is $1,550 cheaper than the average rent for all rentals in Lake Terrace.
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.
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.