Cheap Apartments for Rent in the Lakewood Neighborhood of New Orleans, LA from $500 (39 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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Marquis
Rent Specials
$726 - $2,545
Total Monthly Price

Total Monthly Price

Base Rent
$726 - $2,545

Total Monthly Price
$726 - $2,545
1 to 4 Bedroom Apartments Available Now

Marquis

2651 Poydras StNew Orleans, LA 70119
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 3200 Banks St

$950 - $1,500

1 To 2 Bedroom Rentals

Available Now

3200 Banks St

New OrleansLA70119
property at 625 N Scott St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Townhome for Rent

Available Now

625 N Scott St

New OrleansLA70119
property at 8810 Oleander St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

8810 Oleander St

New OrleansLA70118

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 2421 Monroe St

$1,199

Total Monthly Price

Total Monthly Price

Base Rent
$1,199

Total Monthly Price
$1,199

2 Bedroom, 1 Bath Home for Rent

Available Now

2421 Monroe St

New OrleansLA70118
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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
  • Utilities Included
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X-Midcity Lofts-ILofts
Studio to 3 Bedroom Apartments

X-Midcity Lofts-ILofts

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

Palmetto Apartments

3980 Cambronne StNew Orleans, LA 70118
property at 5504 Canal Blvd

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

5504 Canal Blvd

New OrleansLA70124

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.

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Cypress Manor II
1 to 2 Bedroom Apartments

Cypress Manor II

3613 Cambronne StNew Orleans, LA 70118
  • Utilities Included
property at 8205 Nelson St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

8205 Nelson St, Unit A

8205 Nelson St
New OrleansLA70118
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4223 S Carrollton Ave
Studio to 2 Bedroom Apartments

4223 S Carrollton Ave

4223 S Carrollton AveNew Orleans, LA 70119
Student Housing
  • Utilities Included
  • Smoke Free
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Pine Street
Studio to 1 Bedroom Apartments

Pine Street

3000 Pine StNew Orleans, LA 70125
Senior Living

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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St. Michael
Studio Apartments

St. Michael

3433 Tulane AveNew Orleans, LA 70119
Senior Living
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Angele Apartments
1 to 2 Bedroom Apartments

Angele Apartments

1250 Lake AveMetairie, LA 70005
  • Utilities Included

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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C & R Apartments
1 to 3 Bedroom Apartments

C & R Apartments

1201 Lake AveMetairie, LA 70005
  • Utilities Included
property at 213 Rosebud St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

213 Rosebud St, Unit F

213 Rosebud St
MetairieLA70005

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 $726. Lake Villa has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Lakewood apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
MarquisB32BR,2BA$726
Lake VillaStudioStudio,1BA$765
6564 Fleur De Lis Dr1 Bed / 1 Bath1BR,1BA$1,000
St. MichaelStudioStudio,1BA$1,110
Esplanade at City ParkCONTIStudio,1BA$1,125
Studio Arms ApartmentsOne Bed/One Bath1BR,1BA$1,250
Lakewood2 Bedrooms w/Den, 1.5 Baths2BR,1BA$1,330
The Crescent ClubResidence C1BR,1BA$1,399
2424 TULANEA11BR,1BA$1,425
Gold Seal LoftsF1BR,1BA$1,434

Best Value Apartments for Rent in Lakewood, LA

As of July 12, 2026 the best value apartment in the Lakewood 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 Lakewood apartment is the 3 Bedrooms, 2 Baths Model at Wilshire Heights starting at $1,659 with a $1.09 price per square foot in the Metairie 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.
700 Florida Blvd, Unit 700 Florida Blvd.700 Florida Blvd3BR,2.5BA$1.05
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
1613 Demosthenes St1613 Demosthenes St2BR,1BA$1.50
MarquisB12BR,2BA$1.52
Lakewood2 Bedrooms w/Den, 1.5 Baths2BR,1.5BA$1.34
Magnolia Ridge ApartmentsB-32BR,1.5BA$1.52
The Crescent ClubResidence C1BR,1BA$1.67
Gold Seal LoftsF1BR,1BA$1.95
6564 Fleur De Lis Dr1 Bed / 1 Bath1BR,1BA$1.67
Lake VillaStudioStudio ,1BA$1.91

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.

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Real 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.

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Quick 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.

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Pet Friendly Lifestyle
Lakewood, New Orleans, LA

Ranked #22

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

Pet Friendliness Lifestyle Score

3.5
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!

Frequently Asked Questions about Cheap Lakewood Apartments

What is the Cheapest Studio apartment in Lakewood?

Currently the most affordable Cheap Studio Apartment in Lakewood is at Lake Villa listed at $765.

How much is rent for a Cheap One Bedroom Lakewood Apartment?

The lowest price for a Cheap One Bedroom Lakewood Apartment is $1,000 at 6564 Fleur De Lis Dr.

What is the lowest price for a Cheap Two Bedroom Lakewood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lakewood is starting from $726 at Marquis.

What is the most affordable Lakewood Three Bedroom Apartment?

The best deal on a cheap Lakewood Three Bedroom Apartment rental is at Marquis and starts from $841.

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.

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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.

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Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.