Cheap Homes for Rent in Lake Terrace Neighborhood of New Orleans, LA from $1,100 (9 Rentals)

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

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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 $847. 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$847
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 May 15, 2025 the best value apartment in the Lake Terrace area is the $0.86 price per square foot 4005 Franklin Ave Model at 4005 Franklin Ave, Unit 4005 Franklin Ave in the in the Lake Terrace neighborhood starting from $1,500. 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.
4005 Franklin Ave, Unit 4005 Franklin Ave4005 Franklin Ave2BR,2BA$0.86
Wilshire HeightsLuxury 3 Bedrooms, 2 Baths3BR,2BA$1.22
Marina Vista ApartmentsThe Shell2BR,2BA$1.54
Elysian Courtyards Of GentillyMagnolia2BR,2BA$1.41
5519 Elysian Fields Ave5519 Elysian Fields Ave2BR,1BA$1.27
5834 Catina St, Unit 58345834 Catina St2BR,1BA$1.94
Chateau Lake TerraceB12BR,1BA$1.80
2508 Myrtle St, Unit 2506 Myrtle2508 Myrtle St1BR,1BA$1.75
Sailboat Bay1 Bed, 1 bath1BR,1BA$1.95
6564 Fleur De Lis DrOne Bedroom1BR,1BA$1.67

Quick Rent Budget Calculator

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Frequently Asked Questions about Lake Terrace

What type of rentals are currently available in Lake Terrace?

There are currently 83 Apartments for Rent in Lake Terrace, LA with pricing that ranges from $847 to $3,000. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Terrace ranging from $1,100 to $4,500.

What is the current price range for Rental Homes in Lake Terrace?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Terrace ranges from $1,100 to $4,500 with an average monthly rent of $1,771.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.