
Cheap Apartments for Rent in the Lakewood Neighborhood of New Orleans, LA from $500 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of New Orleans.


4223 S Carrollton Ave

6564 Fleur De Lis Dr

4221 Palmyra St

2519 Cleveland Ave

Esplanade at City Park

8630 Forshey St

130 S Hennessey St

4438-4440 Canal St

8819-8821 Olive St

Lake Villa

Metairie Lake Apartments

Magnolia Ridge Apartments

Gatehouse Apartments

Studio Arms Apartments

Avenue Walk Apartments

Metairie Plaza Apartments
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 | $1,022 | $833 | $1,200 |
| Lakewood 1 Bedroom Apartments | $1,532 | $965 | $2,159 |
| Lakewood 2 Bedroom Apartments | $1,928 | $717 | $4,735 |
| Lakewood 3 Bedroom Apartments | $2,384 | $1,450 | $5,819 |
| Lakewood 4 Bedroom Apartments | $5,511 | $2,545 | $9,486 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Lakewood Neighborhood of New Orleans, LA.
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Lakewood, New Orleans, LA Local Guide
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Marquis | B3 | 2BR,2BA | $717 |
| Metairie Lake Apartments | Type A | 1BR,1BA | $1,000 |
| 6564 Fleur De Lis Dr | 1 Bed / 1 Bath | 1BR,1BA | $1,000 |
| 4223 S Carrollton Ave | 1 Bed / 1 Bath | 1BR,1BA | $1,000 |
| Esplanade at City Park | NAPOLEON | Studio,1BA | $1,050 |
| Studio Arms Apartments | One Bed/One Bath | 1BR,1BA | $1,150 |
| Metairie Plaza Apartments | 2 Beds, 2 baths | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 117 28th St, Unit 117 28th St | 117 28th St | 3BR,2.5BA | $1.25 |
| Wilshire Heights | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.12 |
| 442 S Rendon St, Unit 442 | 442 S Rendon St | 2BR,1BA | $1.36 |
| Daytona | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.28 |
| 3927 Baudin St, Unit A | 3927 Baudin St | 3BR,2BA | $1.25 |
| 209 Pine St, Unit 7 | 209 Pine St | 2BR,1.5BA | $1.24 |
| Metairie Plaza Apartments | 3 Beds, 2 baths | 3BR,2BA | $1.39 |
| 5010 Bienville St - WATER INCLUDED | Spacious 1 Bedroom | 1BR,1BA | $1.37 |
| 4224 Ulloa St, Unit 4224 Ulloa | 4224 Ulloa St | 2BR,1BA | $1.42 |
| 3026 Short St, Unit C | 3026 Short St | 1BR,1BA | $1.43 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleLakewood, New Orleans, LA
Ranked #29
Among cities in Louisiana 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 $1,200.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.











