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$847 - $1,3621 to 2 Bedroom Apartments Contact Us For Availability
Elysian Courtyards Of Gentilly
3000 Gentilly BlvdNew Orleans, LA 70122
Cheap Apartments for Rent in the Lake Terrace Neighborhood of New Orleans, LA from $800 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Terrace area of New Orleans.
3251 St Ferdinand St
New OrleansLA70126
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$1,000 - $1,1001 Bedroom Apartments Available Now
6564 Fleur De Lis Dr
6564 Fleur De Lis DrNew Orleans, LA 70124
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$1,142 - $1,9031 to 3 Bedroom Apartments Available Apr 25
Chateau Lake Terrace
1610 Allen Toussaint BlvdNew Orleans, LA 70122
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$1,195
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,195
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$1,195
2483 Verbena St, Unit 2483, Unit 2483
2483 Verbena StNew Orleans, LA 70122
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$1,200
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,200
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$1,200
3314 Touro St, Unit 3314 touro, Unit 3314 touro
3314 Touro StNew Orleans, LA 70122
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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$1,200 - $2,400
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,200 - $2,400
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$1,200 - $2,400
Sailboat Bay
8600 Pontchartrain BlvdNew Orleans, LA 70124
4110 St Bernard Ave
New OrleansLA70122
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$1,2752 Bedroom Apartments Available Now
8003 W Laverne St, Unit 8003
8003 W Laverne StNew Orleans, LA 70126
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$1,295 - $1,7501 to 3 Bedroom Apartments Contact Us For Availability
Columbia Parc at the Bayou District
1400 Milton StNew Orleans, LA 70122
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$1,3002 Bedroom Apartments Available Now
5109 Arts St
5109 Arts StNew Orleans, LA 70122
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$1,3003 Bedroom Apartments Available Now
3327 Elysian Fields Ave
3327 Elysian Fields AveNew Orleans, LA 70122
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.
8009 Downman Rd
New OrleansLA70126
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2 Bedroom Apartments
7700 Downman Rd
7700 Downman RdNew Orleans, LA 70126
2507 Jonquil St
New OrleansLA70122
3216 Deers St
New OrleansLA70122
3135 Eads St
New OrleansLA70122
1868 Benefit St
New OrleansLA70122
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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3 Bedroom Apartments
6254-6256 Bellaire Dr
6254-6256 Bellaire DrNew Orleans, LA 70124
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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 | $1,250 | $1,200 | $1,300 |
| Lake Terrace 1 Bedroom Apartments | $1,201 | $847 | $1,600 |
| Lake Terrace 2 Bedroom Apartments | $1,663 | $1,008 | $2,800 |
| Lake Terrace 3 Bedroom Apartments | $1,840 | $1,300 | $2,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 19 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 1 Bed unit found at 6564 Fleur De Lis Dr priced from $1,000. Sailboat Bay has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable Lake Terrace apartments for rent in New Orleans, LA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 6564 Fleur De Lis Dr | 1 Bed / 1 Bath | 1BR,1BA | $1,000 |
| Sailboat Bay | Studio | Studio,1BA | $1,200 |
| Marina Vista | 2 BR | 2 BA | 2BR,2BA | $1,916 |
Best Value Apartments for Rent in Lake Terrace, LA
As of April 16, 2026 the best value apartment in the Lake Terrace area is the $1.17 price per square foot 117 28th St Model at 117 28th St, Unit 117 28th St in the in the City Park neighborhood starting from $2,100. The second greatest value Lake Terrace apartment is the 3314 Touro St Model at 3314 Touro St, Unit 3314 touro starting at $1,200 with a $0.71 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. |
|---|---|---|---|
| 117 28th St, Unit 117 28th St | 117 28th St | 3BR,2.5BA | $1.17 |
| 3314 Touro St, Unit 3314 touro | 3314 Touro St | 2BR,1BA | $0.71 |
| 3000 Saint Roch Ave | 3000 Saint Roch Ave | 3BR,2BA | $1.30 |
| 2680 Myrtle St | 2680 Myrtle St | 3BR,3BA | $1.44 |
| Marina Vista | 2 BR | 2 BA | 2BR,2BA | $1.56 |
| 2483 Verbena St, Unit 2483 | 2483 Verbena St | 2BR,1BA | $1.59 |
| 6564 Fleur De Lis Dr | 1 Bed / 1 Bath | 1BR,1BA | $1.67 |
| Sailboat Bay | Studio | Studio ,1BA | $2.31 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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 #72
Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Lake Terrace Apartments
How much is rent for a Cheap One Bedroom Lake Terrace Apartment?
The lowest price for a Cheap One Bedroom Lake Terrace Apartment is $1,000 at 6564 Fleur De Lis Dr.
What is the lowest price for a Cheap Two Bedroom Lake Terrace Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Terrace is starting from $1,916 at Marina Vista.
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.