3251 St Ferdinand St
New OrleansLA70126
Cheap Apartments for Rent in the Lake Terrace Neighborhood of New Orleans, LA from $800 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Terrace area of New Orleans.
3027 Allen St
New OrleansLA70122
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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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$1,050 - $1,9031 to 3 Bedroom Apartments Available Now
Chateau Lake Terrace
1610 Allen Toussaint BlvdNew Orleans, LA 70122
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$1,149 - $1,3621 to 2 Bedroom Apartments Contact Us For Availability
Elysian Courtyards Of Gentilly
3000 Gentilly 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
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2507 Jonquil St
New OrleansLA70122
5660 Ada Pl
New OrleansLA70124
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.
Showing Results 1-10, 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 | $1,171 | $1,000 | $1,550 |
| Lake Terrace 2 Bedroom Apartments | $1,581 | $950 | $2,400 |
| Lake Terrace 3 Bedroom Apartments | $1,788 | $1,450 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 10 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 $1,250. 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 | $1,250 |
| Chateau Lake Terrace | B4 | 2BR,2BA | $1,519 |
Best Value Apartments for Rent in Lake Terrace, LA
As of January 02, 2026 the best value apartment in the Lake Terrace area is the $0.88 price per square foot 7010 Milne Blvd Model at 7010 Milne Blvd, Unit 7010 in the in the City Park neighborhood starting from $1,900. 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. |
|---|---|---|---|
| 7010 Milne Blvd, Unit 7010 | 7010 Milne Blvd | 3BR,2BA | $0.88 |
| Marina Vista Apartments | The Shell | 2BR,2BA | $1.45 |
| Chateau Lake Terrace | B1 | 2BR,1BA | $1.81 |
| 1735 King Dr, Unit Apartment | 1735 King Dr | 2BR,1BA | $1.91 |
| 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.
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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.
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Pet Friendly LifestyleLake Terrace, New Orleans, LA
Ranked #50
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 6564 Fleur De Lis Dr which is listed at $1,000, while the average apartment in Lake Terrace costs $1,850.
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 6 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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.