3326 Frenchmen St
New OrleansLA70122
Cheap Homes for Rent in Lake Terrace Neighborhood of New Orleans, LA from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Terrace area of New Orleans.
5439 Vermillion Blvd
New OrleansLA70122
5439 Vermillion Blvd
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.
1569 Athis St
New OrleansLA70122
5317 Wickfield Dr
New OrleansLA70122
6040 Baccich St
New OrleansLA70122
6233 Music St
New OrleansLA70122
6222 Arts St
New OrleansLA70122
2464 Mexico St
New OrleansLA70122
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6220 Arts St
New OrleansLA70122
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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.
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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 | $1,660 | $950 | $2,500 |
| Lake Terrace 3 Bedroom Homes for Rent | $2,598 | $1,450 | $4,200 |
| Lake Terrace 4 Bedroom Homes for Rent | $2,475 | $2,150 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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 $1,100. 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 | One Bedroom | 1BR,1BA | $1,100 |
| Sailboat Bay | 1 Bed, 1 bath | 1BR,1BA | $1,200 |
| Chateau Lake Terrace | A2 | 1BR,1BA | $1,254 |
| Elysian Courtyards Of Gentilly | Magnolia | 2BR,2BA | $1,362 |
| Marina Vista Apartments | The Shell | 2BR,2BA | $1,775 |
Best Value Apartments for Rent in Lake Terrace, LA
As of July 30, 2025 the best value apartment in the Lake Terrace area is the $1.54 price per square foot The Coral Model at Marina Vista Apartments in the in the City Park neighborhood starting from $1,879. The second greatest value Lake Terrace apartment is the Magnolia Model at Elysian Courtyards Of Gentilly starting at $1,362 with a $1.41 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 Coral | 2BR,2BA | $1.54 |
| Elysian Courtyards Of Gentilly | Magnolia | 2BR,2BA | $1.41 |
| Chateau Lake Terrace | A2 | 1BR,1BA | $1.77 |
| 6564 Fleur De Lis Dr | One Bedroom | 1BR,1BA | $1.83 |
| Sailboat Bay | Studio | Studio ,1BA | $2.40 |
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Frequently Asked Questions about Lake Terrace
What type of rentals are currently available in Lake Terrace?
There are currently 77 Apartments for Rent in Lake Terrace, LA with pricing that ranges from $995 to $2,800. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Terrace ranging from $950 to $4,200.
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 $4,200 with an average monthly rent of $1,854.
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.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.