Cheap Apartments for Rent in the Lakewood Neighborhood of New Orleans, LA from $500 (53 Rentals)

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

property at 209 N Bernadotte St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

1 Bedroom, 1 Bath Home for Rent

Available Now

209 N Bernadotte St

New OrleansLA70119

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.

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property at 301 Seattle St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Condo for Rent

Available Now

301 Seattle St, Unit 15

301 Seattle St
New OrleansLA70124
property at 9540 Stroelitz St

$1,250 - $1,495

1 To 2 Bedroom Rentals

Available Now

9540 Stroelitz St

New OrleansLA70118
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Sacred Heart
Studio to 2 Bedroom Apartments

Sacred Heart

3222 Canal StNew Orleans, LA 70119

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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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
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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 622 Hagan Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

1 Bedroom, 1 Bath Home for Rent

Available Now

622 Hagan Ave

New OrleansLA70119
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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
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St. Michael
Studio Apartments

St. Michael

3433 Tulane AveNew Orleans, LA 70119
Senior Living
property at 844 1/2 Roosevelt Pl

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175
Total Monthly Price
$1,175

2 Bedroom, 1 Bath Home for Rent

Available Now

844 1/2 Roosevelt Place Unit

844 1/2 Roosevelt Pl
New OrleansLA70119

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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2922 Gravier St
2 Bedroom Apartments

2922 Gravier St

2922 Gravier StNew Orleans, LA 70119
Affordability
  • Smoke Free

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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Angele Apartments
1 to 2 Bedroom Apartments

Angele Apartments

1250 Lake AveMetairie, LA 70005
  • Utilities Included
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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

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Home for Rent

Available Now

213 Rosebud St

MetairieLA70005
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

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.

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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 Studio unit found at Lake Villa priced from $765. 6564 Fleur De Lis Dr 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
Lake VillaStudioStudio,1BA$765
6564 Fleur De Lis Dr1 Bed / 1 Bath1BR,1BA$1,000
Magnolia Ridge ApartmentsA11BR,1BA$1,065
St. MichaelStudioStudio,1BA$1,079
Esplanade at City ParkNAPOLEONStudio,1BA$1,125
Studio Arms ApartmentsOne Bed/One Bath1BR,1BA$1,150
2922 Gravier St2 Bed 1 BA2BR,1BA$1,300
LuminaPerseusStudio,1BA$1,302

Best Value Apartments for Rent in Lakewood, LA

As of May 28, 2026 the best value apartment in the Lakewood area is the $1.08 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 $2,000. The second greatest value Lakewood apartment is the 8329 Pritchard Pl Model at 8329 Pritchard Pl, Unit Unit B starting at $1,600 with a $1.00 price per square foot in the West Carrollton 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$1.08
8329 Pritchard Pl, Unit Unit B8329 Pritchard Pl1BR,1.5BA$1.00
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
8537 Forshey St, Unit 85398537 Forshey St3BR,2BA$1.20
4151 Canal St, Unit 14151 Canal St3BR,1BA$1.50
Daytona3 Bedrooms, 2 Baths3BR,2BA$1.29
502 Passera Ct, Unit 502 Passera Court502 Passera Ct1BR,1BA$1.50
Lakewood2 Bedrooms w/Den, 1.5 Baths2BR,1.5BA$1.33
Blue Plate Artist LoftsOne Bedroom Loft1BR,1BA$1.38
5547 Woodlawn Pl5547 Woodlawn Pl2BR,2BA$1.51

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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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 #25

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!

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 $1,300 at 2922 Gravier St.

What is the most affordable Lakewood Three Bedroom Apartment?

The best deal on a cheap Lakewood Three Bedroom Apartment rental is at Daytona and starts from $1,595.

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.

Articles, How-To's, and Tips

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.