
Cheap Apartments for Rent in the Lake Terrace Neighborhood of New Orleans, LA from $800 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Terrace area of New Orleans.


Esplanade at City Park

Elysian Courtyards Of Gentilly

Chateau Lake Terrace

6629 Fleur De Lis Dr

Sailboat Bay

Lake Villa
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

How much does it cost to rent an apartment in Lake Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Terrace Studio Apartments | $1,270 | $849 | $1,529 |
Lake Terrace 1 Bedroom Apartments | $1,501 | $946 | $2,340 |
Lake Terrace 2 Bedroom Apartments | $1,896 | $1,300 | $2,485 |
Lake Terrace 3 Bedroom Apartments | $1,820 | $1,510 | $2,689 |
Browse Apartments in this Neighborhood
There are currently 8 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 $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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lake Villa | Studio | Studio,1BA | $849 |
6564 Fleur De Lis Dr | One Bedroom | 1BR,1BA | $1,000 |
Esplanade at City Park | NAPOLEON | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
700 Florida Blvd, Unit 700 Florida Blvdd. | 700 Florida Blvd | 3BR,2.5BA | $1.03 |
Wilshire Heights | Luxury 3 Bedrooms, 2 Baths | 3BR,2BA | $1.22 |
6823 Louis Xiv St, Unit 6823 Louis XIV St. | 6823 Louis Xiv St | 3BR,2BA | $1.16 |
6234 Curie St, Unit Newly Remodeled | 6234 Curie St | 3BR,1BA | $1.31 |
2921 Mandeville St, Unit 2921 | 2921 Mandeville St | 3BR,1BA | $1.50 |
Marina Vista Apartments | The Shell | 2BR,2BA | $1.49 |
Elysian Courtyards Of Gentilly | Azalea -Available Soon | 2BR,2BA | $1.60 |
Chateau Lake Terrace | A2 | 1BR,1BA | $1.81 |
6564 Fleur De Lis Dr | One Bedroom | 1BR,1BA | $1.67 |
Lake Villa | Studio | Studio ,1BA | $2.12 |
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Pet Friendly LifestyleLake Terrace, New Orleans, LA
Ranked #52
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 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.

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.

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.