
Cheap Apartments for Rent in the Lake Terrace Neighborhood of New Orleans, LA from $800 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Terrace area of New Orleans.


6564 Fleur De Lis Dr

3331 Allen St, Unit 3331

Chateau Lake Terrace

Elysian Courtyards Of Gentilly

6629 Fleur De Lis Dr

Sailboat Bay

Lake Villa
Lake Terrace, New Orleans, LA Local Guide

How much does it cost to rent an apartment in Lake Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Terrace Studio Apartments | $1,221 | $889 | $1,529 |
Lake Terrace 1 Bedroom Apartments | $1,517 | $946 | $2,340 |
Lake Terrace 2 Bedroom Apartments | $1,861 | $1,100 | $2,485 |
Lake Terrace 3 Bedroom Apartments | $1,849 | $1,510 | $2,689 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 3 mile radius of the Lake Terrace Neighborhood of New Orleans, LA.
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Lake Terrace, New Orleans, LA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lake Villa | Studio | Studio,1BA | $889 |
6564 Fleur De Lis Dr | One Bedroom | 1BR,1BA | $1,000 |
Esplanade at City Park | NAPOLEON | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
700 Florida Blvd, Unit 700 Florida Blvdd. | 700 Florida Blvd | 3BR,2.5BA | $1.08 |
Wilshire Heights | 3 Bedrooms, 2 Baths | 3BR,2BA | $1.11 |
6823 Louis Xiv St, Unit 6823 Louis XIV St. | 6823 Louis Xiv St | 3BR,2BA | $1.23 |
2921 Mandeville St, Unit 2921 | 2921 Mandeville St | 3BR,1BA | $1.50 |
Marina Vista Apartments | The Shell | 2BR,2BA | $1.54 |
Chateau Lake Terrace | B4 | 2BR,2BA | $1.43 |
Elysian Courtyards Of Gentilly | Azalea -Available Soon | 2BR,2BA | $1.60 |
3331 Allen St, Unit 3331 | 3331 Allen St | 2BR,1BA | $1.41 |
6724 General Diaz St, Unit 6724 | 6724 General Diaz St | 1BR,1BA | $1.73 |
6564 Fleur De Lis Dr | One Bedroom | 1BR,1BA | $1.67 |
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Pet Friendly LifestyleLake Terrace, New Orleans, LA
Ranked #57
Among neighborhoods in New Orleans, LA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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.

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.

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.

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.

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.