Cheap Apartments for Rent in the Lakewood Neighborhood of New Orleans, LA from $500 (28 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 Lakewood area of New Orleans.

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

property at 9309 Belfast St

9309 Belfast St

New OrleansLA70118
close
View Me
Sacred Heart
Studio to 2 Bedroom Apartments

Sacred Heart

3222 Canal StNew Orleans, LA 70119
close
View Me
Fountainbleau
1 Bedroom Apartments

Fountainbleau

4040 Tulane AveNew Orleans, LA 70119
  • Utilities Included
close
View Me
X-Midcity Lofts-ILofts
Studio to 2 Bedroom Apartments

X-Midcity Lofts-ILofts

635 N Scott StNew Orleans, LA 70119
  • Utilities Included
close
View Me
Palmetto Apartments
1 to 2 Bedroom Apartments

Palmetto Apartments

3980 Cambronne StNew Orleans, LA 70118
close
View Me
Cypress Manor II
1 to 2 Bedroom Apartments

Cypress Manor II

3613 Cambronne StNew Orleans, LA 70118
  • Utilities Included
close
View Me
Angele Apartments
1 Bedroom Apartments

Angele Apartments

1250 Lake AveMetairie, LA 70005
  • Utilities Included
close
View Me
C & R Apartments
2 Bedroom Apartments

C & R Apartments

1201 Lake AveMetairie, LA 70005
  • Utilities Included
close
View Me
Hampton Court
1 Bedroom Apartments

Hampton Court

1168 Lake AveMetairie, LA 70005

Lakewood, New Orleans, LA Local Guide

Cheapest Available Lakewood Apartments for Rent

 

The cheapest available apartment rental in the Lakewood area of New Orleans, LA is a Studio unit found at Lake Villa priced from $881. 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 Lakewood apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
Lake VillaStudioStudio,1BA$881
6564 Fleur De Lis DrOne Bedroom1BR,1BA$1,000
Esplanade at City ParkCONTIStudio,1BA$1,145
Studio Arms ApartmentsOne Bedroom w/Office1BR,1BA$1,375
1201 Canal Apartments5041BR,1BA$1,395
Magnolia Ridge ApartmentsB-12BR,2BA$1,440
2424 TULANEA11BR,1BA$1,468
Apartments at Andover1 Bedroom, 1 Bathroom1BR,1BA$1,500
Canal 1535A11BR,1BA$1,518

Best Value Apartments for Rent in Lakewood, LA

As of April 09, 2025 the best value apartment in the Lakewood 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 Lakewood apartment is the 244 14th St Model at 244 14th St, Unit 244 14th downstairs starting at $1,600 with a $1.02 price per square foot in the City Park neighborhood. Here is today’s list of the best values for Lakewood 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$1.03
244 14th St, Unit 244 14th downstairs244 14th St2BR,1BA$1.02
Wilshire HeightsLuxury 3 Bedrooms, 2 Baths3BR,2BA$1.22
2323 Leonidas St, Unit Beautiful Shared Living2323 Leonidas StStudio ,1BA$0.77
MarquisC13BR,2BA$1.77
American Can Apartments2BK2BR,2BA$1.86
5834 Catina St, Unit 58345834 Catina St2BR,1BA$2.11
Magnolia Ridge ApartmentsB-12BR,2BA$1.73
3100 Banks St743 sq ft1BR,1BA$2.15
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
Lakewood, New Orleans, LA

Ranked #18

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

This website works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across Louisiana, including New Orleans. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, family-friendliness, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Lakewood Neighborhood in New Orleans, LA

Walk Score®

27 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

33 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Lakewood Apartments

What is a cheap apartment in Lakewood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $1,518.

What is the price of a cheap apartment in Lakewood?

The cheapest apartment in Lakewood is 6564 Fleur De Lis Dr which is listed at $1,000, while the average apartment in Lakewood costs $1,900.

What types of apartments are the cheapest in Lakewood?

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 12 regular apartments in Lakewood 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 Lakewood?

Cheap apartments in Lakewood have an average cost of $839 which is $1,061 cheaper than the average rent for all rentals in Lakewood.

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 A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans article

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.

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 Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.