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Cheap Apartments for Rent in the Lakewood Neighborhood of New Orleans, LA from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of New Orleans.
9311 Belfast St
New OrleansLA70118
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from $1,050Studio Apartment Available Now
2323 Leonidas St, Unit Beautiful Shared Living
2323 Leonidas StNew Orleans, LA 70118
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from $1,050Studio to 3 Bedroom Apartments Available Now
Esplanade at City Park
3443 Esplanade AveNew Orleans, LA 70119
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.
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from $1,1001 Bedroom Apartments Available Now
6564 Fleur De Lis Dr
6564 Fleur De Lis DrNew Orleans, LA 70124
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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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Rent Specials
from $800Studio to 1 Bedroom Apartments Available Jun 26
Lake Villa
1432 Lake AveMetairie, LA 70005
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from $1,0001 to 2 Bedroom Apartments Contact Us For Availability
Metairie Lake Apartments
1309 Carrollton AveMetairie, LA 70005
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from $1,0001 Bedroom Apartment Available Jul 1
1919 Metairie Ave, Unit D
1919 Metairie AveMetairie, LA 70005
905 O'Dwyer Pl
JeffersonLA70121
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Rent Specials
from $1,0951 to 3 Bedroom Apartments Available Now
Magnolia Ridge Apartments
2501 Metairie Lawn DrMetairie, LA 70002
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from $1,1441 to 3 Bedroom Apartments Contact Us For Availability
Gatehouse Apartments
2500 S I-10 Service Rd EMetairie, LA 70001
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from $1,2002 to 3 Bedroom Apartments Contact Us For Availability
Metairie Plaza Apartments
1046 Lake AveMetairie, LA 70005
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Showing Results 1-21, Page 1 of 1
Lakewood, New Orleans, LA Local Guide
How much does it cost to rent an apartment in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Studio Apartments | $1,135 | $800 | $1,356 |
| Lakewood 1 Bedroom Apartments | $1,648 | $950 | $3,719 |
| Lakewood 2 Bedroom Apartments | $1,975 | $717 | $4,451 |
| Lakewood 3 Bedroom Apartments | $2,131 | $1,500 | $3,200 |
| Lakewood 4 Bedroom Apartments | $4,186 | $2,545 | $7,470 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Lakewood Neighborhood of New Orleans, LA.
See all Apartments in New OrleansExplore New Orleans
Lakewood, New Orleans, LA Local Guide
- Nearby New Orleans neighborhoods
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Cheapest Available Lakewood Apartments for Rent
The cheapest available apartment rental in the Lakewood area of New Orleans, LA is a 2 Beds unit found at Marquis priced from $717. Esplanade at City Park has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Lakewood apartments for rent in New Orleans, LA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Marquis | B3 | 2BR,2BA | $717 |
| Esplanade at City Park | NAPOLEON | Studio,1BA | $1,050 |
| Magnolia Ridge Apartments | A-4 | 1BR,1BA | $1,095 |
| 6564 Fleur De Lis Dr | One Bedroom | 1BR,1BA | $1,100 |
| Studio Arms Apartments | One Bedroom w/Office | 1BR,1BA | $1,325 |
Best Value Apartments for Rent in Lakewood, LA
As of June 25, 2025 the best value apartment in the Lakewood area is the $1.47 price per square foot 227 S Gayoso St Model at 227 S Gayoso St, Unit 227 in the in the Mid-City neighborhood starting from $2,650. The second greatest value Lakewood apartment is the 320 S Dupre St Model at 320 S Dupre St, Unit 320 starting at $1,595 with a $1.03 price per square foot in the Mid-City neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 227 S Gayoso St, Unit 227 | 227 S Gayoso St | 3BR,2BA | $1.47 |
| 320 S Dupre St, Unit 320 | 320 S Dupre St | 3BR,1BA | $1.03 |
| Wilshire Heights | Luxury 3 Bedrooms, 2 Baths | 3BR,2BA | $1.22 |
| 3029 Banks St | 3029 Banks St | 3BR,1BA | $1.09 |
| 2323 Leonidas St, Unit Beautiful Shared Living | 2323 Leonidas St | Studio ,1BA | $0.77 |
| Daytona | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.30 |
| Marquis | B1 | 2BR,2BA | $1.52 |
| 424 Deckbar Ave, Unit A | 424 Deckbar Ave | 2BR,2.5BA | $1.41 |
| 1911 Metairie Ave, Unit C | 1911 Metairie Ave | 2BR,1BA | $1.18 |
| Magnolia Ridge Apartments | A-4 | 1BR,1BA | $1.75 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleLakewood, New Orleans, LA
Ranked #21
Among neighborhoods in New Orleans, LA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
This website works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across Louisiana, including New Orleans. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, family-friendliness, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Lakewood Neighborhood in New Orleans, LA
Walk Score®
27 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
33 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Lakewood Apartments
What is a cheap apartment in Lakewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $1,443.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Magnolia Ridge Apartments which is listed at $1,095, while the average apartment in Lakewood costs $2,545.
What types of apartments are the cheapest in Lakewood?
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 10 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lakewood?
Cheap apartments in Lakewood have an average cost of $620 which is $1,925 cheaper than the average rent for all rentals in Lakewood.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.