
Cheap Homes for Rent in Lake Terrace Neighborhood of New Orleans, LA from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Terrace area of New Orleans.


2566 Clover St

6233 Music St
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.

2464 Mexico St

5411 Elysian Fields Ave

5105 Baccich St
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.
Lake Terrace, New Orleans, LA Local Guide

How much does it cost to rent a home in Lake Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Terrace 2 Bedroom Homes for Rent | $1,601 | $1,100 | $2,400 |
Lake Terrace 3 Bedroom Homes for Rent | $2,384 | $1,200 | $4,200 |
Lake Terrace 4 Bedroom Homes for Rent | $3,398 | $2,200 | $5,500 |
Lake Terrace 5 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 1 Bed 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 | 1 Bed, 1 bath | 1BR,1BA | $1,200 |
Chateau Lake Terrace | A2 | 1BR,1BA | $1,278 |
Best Value Apartments for Rent in Lake Terrace, LA
As of September 13, 2025 the best value apartment in the Lake Terrace area is the $1.45 price per square foot The Shell Model at Marina Vista Apartments in the in the City Park neighborhood starting from $1,775. The second greatest value Lake Terrace apartment is the 801 Voisin St Model at 801 Voisin St, Unit 801 starting at $1,750 with a $1.59 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. |
---|---|---|---|
Marina Vista Apartments | The Shell | 2BR,2BA | $1.45 |
801 Voisin St, Unit 801 | 801 Voisin St | 2BR,1BA | $1.59 |
5309 Wickfield Dr, Unit A | 5309 Wickfield Dr | 1BR,1BA | $1.60 |
Chateau Lake Terrace | A2 | 1BR,1BA | $1.80 |
3119 New Orleans St | 3119 New Orleans St | 2BR,1BA | $2.08 |
6564 Fleur De Lis Dr | 1 Bed / 1 Bath | 1BR,1BA | $1.67 |
4902 Baccich St, Unit Cozy cottage | 4902 Baccich St | Studio ,1BA | $2.50 |
Sailboat Bay | Studio | Studio ,1BA | $2.40 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleLake Terrace, New Orleans, LA
Ranked #51
Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Lake Terrace
What type of rentals are currently available in Lake Terrace?
There are currently 83 Apartments for Rent in Lake Terrace, LA with pricing that ranges from $800 to $2,900. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Terrace ranging from $950 to $5,500.
What is the current price range for Rental Homes in Lake Terrace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Terrace ranges from $950 to $5,500 with an average monthly rent of $2,269.
How much are larger Three and Four Bedroom Rentals in Lake Terrace?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Terrace range from $1,500 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $2,900.
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.