
Cheap Homes for Rent in Lake Terrace Neighborhood of New Orleans, LA from $1,100 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Terrace area of New Orleans.


4737 Demontluzin St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2458 Mexico St

3638 Elysian Fields Ave
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

6233 Music St

2464 Mexico St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

2528 Gladiolus St

5925 St Roch Ave
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

1838 Moss St
Lake Terrace, New Orleans, LA Local Guide

How much does it cost to rent a home in Lake Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Terrace 2 Bedroom Homes for Rent | $1,571 | $1,150 | $2,000 |
Lake Terrace 3 Bedroom Homes for Rent | $2,790 | $1,895 | $4,500 |
Browse Homes for Rent 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 $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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lake Villa | Studio | Studio,1BA | $847 |
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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
4005 Franklin Ave, Unit 4005 Franklin Ave | 4005 Franklin Ave | 2BR,2BA | $0.86 |
Wilshire Heights | Luxury 3 Bedrooms, 2 Baths | 3BR,2BA | $1.22 |
Marina Vista Apartments | The Shell | 2BR,2BA | $1.54 |
Elysian Courtyards Of Gentilly | Magnolia | 2BR,2BA | $1.41 |
5519 Elysian Fields Ave | 5519 Elysian Fields Ave | 2BR,1BA | $1.27 |
5834 Catina St, Unit 5834 | 5834 Catina St | 2BR,1BA | $1.94 |
Chateau Lake Terrace | B1 | 2BR,1BA | $1.80 |
2508 Myrtle St, Unit 2506 Myrtle | 2508 Myrtle St | 1BR,1BA | $1.75 |
Sailboat Bay | 1 Bed, 1 bath | 1BR,1BA | $1.95 |
6564 Fleur De Lis Dr | One Bedroom | 1BR,1BA | $1.67 |
Quick Rent Budget Calculator
How much rent can you afford?
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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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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.

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.