Cheap Apartments for Rent in the Lake Terrace Neighborhood of New Orleans, LA from $800 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
7700 Downman Rd
2 Bedroom Apartments

7700 Downman Rd

7700 Downman RdNew Orleans, LA 70126
  • Utilities Inc.

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 $889. 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$889
6564 Fleur De Lis DrOne Bedroom1BR,1BA$1,000
Esplanade at City ParkNAPOLEONStudio,1BA$1,000

Best Value Apartments for Rent in Lake Terrace, LA

As of March 10, 2025 the best value apartment in the Lake Terrace area is the $1.08 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 $2,000. The second greatest value Lake Terrace apartment is the 3 Bedrooms, 2 Baths Model at Wilshire Heights starting at $1,690 with a $1.11 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$1.08
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.11
6823 Louis Xiv St, Unit 6823 Louis XIV St.6823 Louis Xiv St3BR,2BA$1.23
2921 Mandeville St, Unit 29212921 Mandeville St3BR,1BA$1.50
Marina Vista ApartmentsThe Shell2BR,2BA$1.54
Chateau Lake TerraceB42BR,2BA$1.43
Elysian Courtyards Of GentillyAzalea -Available Soon2BR,2BA$1.60
3331 Allen St, Unit 33313331 Allen St2BR,1BA$1.41
6724 General Diaz St, Unit 67246724 General Diaz St1BR,1BA$1.73
6564 Fleur De Lis DrOne Bedroom1BR,1BA$1.67

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lake Terrace, New Orleans, LA

Ranked #57

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Lake Terrace Apartments

What is the Cheapest Studio apartment in Lake Terrace?

Currently the most affordable Cheap Studio Apartment in Lake Terrace is at Lake Villa listed at $889.

How much is rent for a Cheap One Bedroom Lake Terrace Apartment?

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

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

Today's best deal for a Cheap Two Bedroom Apartment in Lake Terrace is starting from $1,362 at Elysian Courtyards Of Gentilly.

What is the most affordable Lake Terrace Three Bedroom Apartment?

The best deal on a cheap Lake Terrace Three Bedroom Apartment rental is at Wilshire Heights and starts from $1,690.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.