
Cheap Homes for Rent in the Lake Terrace Neighborhood of New Orleans, LA from $1,100 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Terrace area of New Orleans.


3400 Elysian Fields Ave

2464 Mexico St

5922 Marigny St

6223 St Anthony Ave

500 Lake Marina Dr
Mardi Gras on the Weekends: The Best Neighborhoods to Rent Near New Orleans' Top Employers
'Laissez les bons temps rouler' and get to work! Explore New Orleans' major industries, best places to live, and iconic culture spots in The Big Easy.

3139 Music St

301 Seattle St

5747 Pauline Dr

6800 Louis XIV St, Unit B

247 Opal St, Unit 247 Opal St. C

4304 Pauger St
Rent According to Income: A Look at Income-Restricted Rentals
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3622 Buchanan St

3622 Buchanan St

2629 Elder St

2844 Hiawatha St

6087 Wildair Dr, Unit 6087

3622 Buchanan St
From Campus to Cajun Cuisine: Finding Your Perfect Student Apartment in New Orleans
Moving to New Orleans for college? Find your off-campus rental near Tulane, Loyola, Dillard, and more. This guide covers nearby neighborhoods, culture, and starting your student life in the Big Easy.

5506 Warrington Dr
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 | $1,565 | $1,200 | $2,500 |
| Lake Terrace 3 Bedroom Homes for Rent | $2,070 | $1,400 | $4,000 |
| Lake Terrace 4 Bedroom Homes for Rent | $2,419 | $1,725 | $3,350 |
Browse Homes for Rent 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 |
| Chateau Lake Terrace | A2 | 1BR,1BA | $1,380 |
| Marina Vista | 2 BR | 2 BA | 2BR,2BA | $1,795 |
Best Value Apartments for Rent in Lake Terrace, LA
As of August 24, 2026 the best value apartment in the Lake Terrace area is the $1.05 price per square foot 700 Florida Blvd Model at 700 Florida Blvd, Unit 700 Florida Blvd. in the in the City Park neighborhood starting from $1,950. The second greatest value Lake Terrace apartment is the 2 BR | 2 BA Model at Marina Vista starting at $1,795 with a $1.47 price per square foot in the Metairie 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. |
|---|---|---|---|
| 700 Florida Blvd, Unit 700 Florida Blvd. | 700 Florida Blvd | 3BR,2.5BA | $1.05 |
| Marina Vista | 2 BR | 2 BA | 2BR,2BA | $1.47 |
| 2666 Myrtle St, Unit 2666 | 2666 Myrtle St | 2BR,1BA | $1.68 |
| Chateau Lake Terrace | A2 | 1BR,1BA | $1.94 |
| 124 W Harrison Ave, Unit 124 West Harrison | 124 W Harrison Ave | 2BR,1BA | $1.86 |
| 5765 Cameron Blvd, Unit 5765 Cameron Blvd.Apt B | 5765 Cameron Blvd | 1BR,1BA | $1.43 |
| 6564 Fleur De Lis Dr | 1 Bed / 1 Bath | 1BR,1BA | $1.67 |
| Sailboat Bay | Studio | Studio ,1BA | $2.31 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Pet Friendly LifestyleLake Terrace, New Orleans, LA
Ranked #63
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 81 Apartments for Rent in Lake Terrace, LA with pricing that ranges from $847 to $2,800. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Terrace ranging from $1,100 to $4,000.
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 $1,100 to $4,000 with an average monthly rent of $1,840.
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 $1,495 to $2,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,725 and Four Bedroom Apartments start at $1,495.
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.
Helpful Local Expert Guides

Welcome to the Big Easy: A Local Insider's Guide to New Orleans
Written by: Melissa Maxwell
For many people, the closest they come to New Orleans is watching The Princess and the Frog or that episode of The Simpsons where Marge stars in a musical based on A Streetcar Named Desire.

Mardi Gras on the Weekends: The Best Neighborhoods to Rent Near New Orleans Top Employers
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I'm Melissa, your ApartmentHomeLiving.com Local Expert for New Orleans and I'm here to tell you about the best places to live and work in The Big Easy. Not every day is Mardi Gras! We work too.

From Campus to Cajun Cuisine: Finding Your Perfect Student Apartment in New Orleans
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Congratulations on getting into college! The next four years are going to be pretty exciting. If you got into a college in The Big Easy, just remember that it isn't always Mardi Gras.

A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans
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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.
Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.