close
View Me
$847 - $1,3621 to 2 Bedroom Apartments Available Now
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 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Terrace area of New Orleans.
6570 Louis Xiv St
New OrleansLA70124
3251 St Ferdinand St
New OrleansLA70126
close
View Me
Rent Specials
$1,000 - $1,1001 Bedroom Apartments Available Now
6564 Fleur De Lis Dr
6564 Fleur De Lis DrNew Orleans, LA 70124
3135 Eads St
New OrleansLA70122
close
View Me
Rent Specials
$1,140 - $1,9031 to 3 Bedroom Apartments Available Now
Chateau Lake Terrace
1610 Allen Toussaint BlvdNew 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.
2538 Lavender St
New OrleansLA70122
close
View Me
$1,250 - $2,400
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,250 - $2,400
Total Monthly Price
$1,250 - $2,400
Sailboat Bay
8600 Pontchartrain BlvdNew Orleans, LA 70124
close
View Me
Rent Specials
$1,295 - $1,7501 to 3 Bedroom Apartments Contact Us For Availability
Columbia Parc at the Bayou District
1400 Milton StNew Orleans, LA 70122
3017-3019 Music St
New OrleansLA70122
close
View Me
$1,3002 Bedroom Apartments Available Now
5109 Arts St
5109 Arts StNew Orleans, LA 70122
close
View Me
$1,3003 Bedroom Apartments Available Now
3327 Elysian Fields Ave
3327 Elysian Fields AveNew 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.
close
View Me
$1,3002 Bedroom Apartments Available Now
8003 W Laverne St
8003 W Laverne StNew Orleans, LA 70126
228 Jewel St, Unit 228 Jewel St. Unit 2
228 Jewel St
New OrleansLA70124
close
View Me
2 Bedroom Apartments
7700 Downman Rd
7700 Downman RdNew Orleans, LA 70126
1868 Benefit St
New OrleansLA70122
3875 Pauger St
New OrleansLA70122
close
View Me
3 Bedroom Apartments
6254-6256 Bellaire Dr
6254-6256 Bellaire DrNew Orleans, LA 70124
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.
Showing Results 1-18, Page 1 of 1
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 | $1,300 | $1,250 | $1,350 |
| Lake Terrace 1 Bedroom Apartments | $1,197 | $847 | $1,600 |
| Lake Terrace 2 Bedroom Apartments | $1,500 | $1,008 | $2,400 |
| Lake Terrace 3 Bedroom Apartments | $1,758 | $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 18 rentals with your search options within a 3 mile radius of the Lake Terrace Neighborhood of New Orleans, LA.
See all Apartments in New OrleansExplore New Orleans
Lake Terrace, New Orleans, LA Local Guide
- Nearby New Orleans neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Elysian Courtyards Of Gentilly priced from $847. 6564 Fleur De Lis Dr has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Lake Terrace apartments for rent in New Orleans, LA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elysian Courtyards Of Gentilly | Iris | 1BR,1BA | $847 |
| 6564 Fleur De Lis Dr | 1 Bed / 1 Bath | 1BR,1BA | $1,000 |
| Chateau Lake Terrace | A2 | 1BR,1BA | $1,215 |
| Sailboat Bay | Studio | Studio,1BA | $1,250 |
Best Value Apartments for Rent in Lake Terrace, LA
As of March 02, 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 2483 Verbena St Model at 2483 Verbena St, Unit 2483 starting at $1,325 with a $1.66 price per square foot in the Lake Terrace 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 |
| 2483 Verbena St, Unit 2483 | 2483 Verbena St | 2BR,1BA | $1.66 |
| 1735 King Dr, Unit Apartment | 1735 King Dr | 2BR,1BA | $1.66 |
| Elysian Courtyards Of Gentilly | Iris | 1BR,1BA | $1.18 |
| Chateau Lake Terrace | A2 | 1BR,1BA | $1.71 |
| 6564 Fleur De Lis Dr | 1 Bed / 1 Bath | 1BR,1BA | $1.67 |
| Sailboat Bay | Studio | Studio ,1BA | $2.40 |
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 Article
The 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the Lake Terrace area?
If you’re an expert on all things Lake Terrace, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleLake Terrace, New Orleans, LA
Ranked #64
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
What is the price of a cheap apartment in Lake Terrace?
The cheapest apartment in Lake Terrace is Elysian Courtyards Of Gentilly which is listed at $847, while the average apartment in Lake Terrace costs $1,758.
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 2 regular apartments in Lake Terrace 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
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.
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.
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.