Cheap Apartments for Rent in Carter Lake, IA from $400 (85 Rentals)

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Search the lowest-cost Apartments available for rent right now in Carter Lake.

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Lakeside Estates
Studio to 4 Bedroom Apartments

Lakeside Estates

3510 N 9th StCarter Lake, IA 51510
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1819 Pinkney St, Unit 1
$650
Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650
1 Bedroom Apartment Available Now

1819 Pinkney St, Unit 1

1819 Pinkney StOmaha, NE 68110
Cost Per Sq.Ft.
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 2561 Izard Ct

$975 - $1,100

1 To 2 Bedroom Rentals

Available Now

2561 Izard Ct

OmahaNE68131

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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The Brandeis
$1,004 - $2,504
Total Monthly Price

Total Monthly Price

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$1,004 - $2,504
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Brandeis

210 S 16th StOmaha, NE 68102
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 2575 Irving Ct

$1,100 - $1,250

2 Bedroom Rentals

Available Now

2575 Irving Ct

OmahaNE68131
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Maple Leaf
1 Bedroom Apartments

Maple Leaf

2902 N 24th StOmaha, NE 68110
  • Utilities Included
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2511 3rd Ave
1 to 2 Bedroom Apartments

2511 3rd Ave

2511 3rd AveCouncil Bluffs, IA 51501
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Carter Lake, IA Local Guide

Cheapest Neighborhoods for Apartments in Carter Lake, IA

Pricing Updated: 06/12/2026

Current apartment rentals in the Carter Lake, IA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Carter Lake Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Crater Lake$1,855$650250

Cheapest Available Carter Lake Apartments for Rent

 

The cheapest available apartment rental in Carter Lake, IA is a 1 Bed unit found at Westbrook Tower in the Old Market neighborhood priced from $769. Westwood Apartments in the Old Market neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $785. Here is today’s list of the most affordable Carter Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westbrook Tower1 Bedroom1BR,1BA$769
Westwood Apartments2 BD2BR,1BA$785
The Carrara on FarnamST B 50%Studio,1BA$805
Maple SecondOne Bed/One Bath | 1-11BR,1BA$875
L14 FlatsTrendy1BR,1BA$887
Dahlman Flats0 Bed, 1 Bath - 465 SFStudio,1BA$895
Kensington Tower Apartments#4 Layout1BR,1BA$895
9inesFlyball1BR,1BA$895
NoDoBillyStudio,1BA$900

Best Value Apartments for Rent in Carter Lake, IA

As of June 12, 2026 the best value apartment in the Carter Lake area is the $1.29 price per square foot 2BR/2.0BA Model at Nove Lofts in the in the Old Market neighborhood starting from $1,695. The second greatest value Carter Lake apartment is the Dodge Model at Joslyn Loft starting at $1,625 with a $1.32 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Carter Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Nove Lofts2BR/2.0BA2BR,2BA$1.29
Joslyn LoftDodge2BR,2BA$1.32
The BrandeisAC.2B.2B.G2BR,2BA$1.11
Lakeside Estates3 Bed 2 Bath Single Section3BR,2BA$1.11
Westwood Apartments2 BD2BR,1BA$0.75
Cottonwood Apartments2X1B2BR,1BA$1.08
1819 Pinkney St, Unit 11819 Pinkney St1BR,1BA$0.72
Nichol Flats1x1 A1BR,1BA$1.26
Riverbend - Newly Renovated! Call today!One Bedroom1BR,1BA$1.24
Westbrook Tower1 Bedroom1BR,1BA$1.18

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Carter Lake, IA Rentals by Map

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Frequently Asked Questions about Cheap Carter Lake Apartments

What is a cheap apartment in Carter Lake?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Carter Lake is under $900.

What is the price of a cheap apartment in Carter Lake?

The cheapest apartment in Carter Lake is Westbrook Tower which is listed at $769, while the average apartment in Carter Lake costs $1,855.

What types of apartments are the cheapest in Carter Lake?

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 78 regular apartments in Carter Lake 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 Carter Lake?

Cheap apartments in Carter Lake have an average cost of $607 which is $1,248 cheaper than the average rent for all rentals in Carter Lake.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.