Cheap Apartments for Rent in the Lakewood Neighborhood of New Orleans, LA from $500 (25 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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4223 S Carrollton Ave
$1,000 - $1,200
Total Monthly Price

Total Monthly Price

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$1,000 - $1,200

Total Monthly Price
$1,000 - $1,200
1 Bedroom Apartments Available Now

4223 S Carrollton Ave

4223 S Carrollton AveNew Orleans, LA 70119
Student Housing
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  • Utilities Included
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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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Sacred Heart
Studio to 2 Bedroom Apartments

Sacred Heart

3222 Canal StNew Orleans, LA 70119
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The Meridian
1 to 2 Bedroom Apartments

The Meridian

750 S Jefferson Davis PkyNew 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

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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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

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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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

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.

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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 $726. Lake Villa has the second lowest priced unit, which is a Studio apartment currently listed from $770. Here are the most affordable Lakewood apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
MarquisB32BR,2BA$726
Lake VillaStudioStudio,1BA$770
Metairie Lake ApartmentsType A1BR,1BA$1,000
6564 Fleur De Lis Dr1 Bed / 1 Bath1BR,1BA$1,000
Studio Arms ApartmentsOne Bed/One Bath1BR,1BA$1,200

Best Value Apartments for Rent in Lakewood, LA

As of February 17, 2026 the best value apartment in the Lakewood area is the $1.22 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 $2,200. 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 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$1.22
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
MarquisB12BR,2BA$1.52
Metairie Plaza Apartments3 Beds, 2 baths3BR,2BA$1.39
424 Deckbar Ave, Unit C424 Deckbar Ave2BR,2.5BA$1.41
4411 Cleveland Ave, Unit 44114411 Cleveland Ave3BR,2BA$1.45
Metairie Lake ApartmentsType C2BR,2BA$1.50
Lakewood2 Bedrooms w/Den, 1.5 Baths2BR,1.5BA$1.43
3026 Short St, Unit C3026 Short St1BR,1BA$1.43
1919 Metairie Ave, Unit b1919 Metairie Ave1BR,1BA$1.43

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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Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 #32

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 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 $1,280.

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 $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 23 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 $535 which is $2,010 cheaper than the average rent for all rentals in Lakewood.

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

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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.