Cheap Apartments for Rent in the Lake Terrace Neighborhood of New Orleans, LA from $800 (8 Rentals)

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7700 Downman Rd
2 Bedroom Apartments

7700 Downman Rd

7700 Downman RdNew Orleans, LA 70126
  • Utilities Included

New Orleans's Best Affordable Neighborhoods

Learn about New Orleans and the best places to live with original content written by our Minneapolis, MN Local Expert Melissa Maxwell

Lake Terrace, New Orleans, LA Local Guide

Cheapest Available Lake Terrace Apartments for Rent

 

The cheapest available apartment rental in the Lake Terrace area of New Orleans, LA is a Studio unit found at Lake Villa priced from $849. 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 Lake Terrace apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
Lake VillaStudioStudio,1BA$849
6564 Fleur De Lis DrOne Bedroom1BR,1BA$1,000
Esplanade at City ParkNAPOLEONStudio,1BA$1,055

Best Value Apartments for Rent in Lake Terrace, LA

As of March 22, 2025 the best value apartment in the Lake Terrace area is the $1.03 price per square foot 700 Florida Blvd Model at 700 Florida Blvd, Unit 700 Florida Blvdd. in the in the City Park neighborhood starting from $1,900. The second greatest value Lake Terrace apartment is the Luxury 3 Bedrooms, 2 Baths Model at Wilshire Heights starting at $1,865 with a $1.22 price per square foot in the Lake Terrace neighborhood. Here is today’s list of the best values for Lake Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
700 Florida Blvd, Unit 700 Florida Blvdd.700 Florida Blvd3BR,2.5BA$1.03
Wilshire HeightsLuxury 3 Bedrooms, 2 Baths3BR,2BA$1.22
6823 Louis Xiv St, Unit 6823 Louis XIV St.6823 Louis Xiv St3BR,2BA$1.16
6234 Curie St, Unit Newly Remodeled6234 Curie St3BR,1BA$1.31
2921 Mandeville St, Unit 29212921 Mandeville St3BR,1BA$1.50
Marina Vista ApartmentsThe Shell2BR,2BA$1.49
Elysian Courtyards Of GentillyAzalea -Available Soon2BR,2BA$1.60
Chateau Lake TerraceA21BR,1BA$1.81
6564 Fleur De Lis DrOne Bedroom1BR,1BA$1.67
Lake VillaStudioStudio ,1BA$2.12

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Pet Friendly Lifestyle
Lake Terrace, New Orleans, LA

Ranked #52

Among neighborhoods in New Orleans, LA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Lake Terrace Apartments

What is a cheap apartment in Lake Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Terrace is under $1,828.

What is the price of a cheap apartment in Lake Terrace?

The cheapest apartment in Lake Terrace is 6564 Fleur De Lis Dr which is listed at $1,000, while the average apartment in Lake Terrace costs $1,907.

What types of apartments are the cheapest in Lake Terrace?

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 75 regular apartments in Lake Terrace 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 Lake Terrace?

Cheap apartments in Lake Terrace have an average cost of $146 which is $1,761 cheaper than the average rent for all rentals in Lake Terrace.

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.

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A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

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