Cheap Apartments for Rent in the Lakewood Neighborhood of New Orleans, LA from $500 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakewood area of New Orleans.

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Sacred Heart
Studio to 2 Bedroom Apartments

Sacred Heart

3222 Canal StNew Orleans, LA 70119
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Fountainbleau
1 Bedroom Apartments

Fountainbleau

4040 Tulane AveNew Orleans, LA 70119
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X-Midcity Lofts-ILofts
Studio to 3 Bedroom Apartments

X-Midcity Lofts-ILofts

635 N Scott StNew Orleans, LA 70119
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Palmetto Apartments
1 to 2 Bedroom Apartments

Palmetto Apartments

3980 Cambronne StNew Orleans, LA 70118
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Cypress Manor II
1 to 2 Bedroom Apartments

Cypress Manor II

3613 Cambronne StNew Orleans, LA 70118
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Angele Apartments
1 to 2 Bedroom Apartments

Angele Apartments

1250 Lake AveMetairie, LA 70005
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C & R Apartments
1 to 3 Bedroom Apartments

C & R Apartments

1201 Lake AveMetairie, LA 70005
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Hampton Court
1 Bedroom Apartments

Hampton Court

1168 Lake AveMetairie, LA 70005

Lakewood, New Orleans, LA Local Guide

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. Metairie Lake Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Lakewood apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
MarquisB32BR,2BA$717
Metairie Lake ApartmentsType A1BR,1BA$1,000
6564 Fleur De Lis Dr1 Bed / 1 Bath1BR,1BA$1,000
4223 S Carrollton Ave1 Bed / 1 Bath1BR,1BA$1,000
Esplanade at City ParkNAPOLEONStudio,1BA$1,050
Studio Arms ApartmentsOne Bed/One Bath1BR,1BA$1,150
Metairie Plaza Apartments2 Beds, 2 baths2BR,2BA$1,200

Best Value Apartments for Rent in Lakewood, LA

As of November 14, 2025 the best value apartment in the Lakewood area is the $1.25 price per square foot 117 28th St Model at 117 28th St, Unit 117 28th St in the in the City Park neighborhood starting from $2,250. The second greatest value Lakewood apartment is the 3 Bedrooms, 2 Baths Model at Wilshire Heights starting at $1,706 with a $1.12 price per square foot in the Navarre neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
117 28th St, Unit 117 28th St117 28th St3BR,2.5BA$1.25
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.12
442 S Rendon St, Unit 442442 S Rendon St2BR,1BA$1.36
Daytona3 Bedrooms, 2 Baths3BR,2BA$1.28
3927 Baudin St, Unit A3927 Baudin St3BR,2BA$1.25
209 Pine St, Unit 7209 Pine St2BR,1.5BA$1.24
Metairie Plaza Apartments3 Beds, 2 baths3BR,2BA$1.39
5010 Bienville St - WATER INCLUDEDSpacious 1 Bedroom1BR,1BA$1.37
4224 Ulloa St, Unit 4224 Ulloa4224 Ulloa St2BR,1BA$1.42
3026 Short St, Unit C3026 Short St1BR,1BA$1.43

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Lakewood, New Orleans, LA

Ranked #29

Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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 $1,200.

What is the price of a cheap apartment in Lakewood?

The cheapest apartment in Lakewood is Metairie Lake Apartments which is listed at $1,000, while the average apartment in Lakewood costs $8,853.

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 25 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 $459 which is $8,394 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.

decorative image for A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans article

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.