Cheap Apartments for Rent in Carter Lake, IA from $400 (75 Rentals)

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1819 Pinkney St, Unit 1
$725
Total Monthly Price

Total Monthly Price

Base Rent
$725
Total Monthly Price
$725
1 Bedroom Apartment Available Now

1819 Pinkney St, Unit 1

1819 Pinkney StOmaha, NE 68110
Cost Per Sq.Ft.
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property at 2605 Izard Ct

$1,100 - $1,150

2 Bedroom Rentals

Available Now

2605 Izard Ct

OmahaNE68131

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Carter Lake, IA Local Guide

Cheapest Neighborhoods for Apartments in Carter Lake, IA

Pricing Updated: 03/09/2026

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$1,675$649166

Cheapest Available Carter Lake Apartments for Rent and Nearby

 

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. Securities Downtown in the Old Market neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Carter Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westbrook Tower1 Bedroom1BR,1BA$769
Securities Downtown1BR/1.0BA1BR,1BA$795
Riverbend - Newly Renovated! Call today!1 Bedroom1BR,1BA$830
Maple SecondOne Bed/One Bath | 1-11BR,1BA$875
Kensington Tower Apartments#3 Layout1BR,1BA$895
Dahlman Flats0 Bed, 1 Bath - 460 SFStudio,1BA$900
3633 Avenue A2 Bed 1 Bath2BR,1BA$900
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900
The BrandeisAC.1B.G1BR,1BA$950

Best Value Apartments for Rent in Carter Lake, IA and Nearby

As of March 09, 2026 the best value apartment in the Carter Lake area is the $1.28 price per square foot AC.2B.2B.B/P Model at The Brandeis in the in the Old Market neighborhood starting from $1,650. The second greatest value Carter Lake apartment is the 2BR/2.0BA Model at Nove Lofts starting at $1,695 with a $1.33 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.
The BrandeisAC.2B.2B.B/P2BR,2BA$1.28
Nove Lofts2BR/2.0BA2BR,2BA$1.33
1211 Howard St, Unit 3021211 Howard St2BR,1BA$1.00
Orpheum TowerThe Dodge2BR,1BA$1.28
Cottonwood Apartments2X1B2BR,1BA$1.05
1819 Pinkney St, Unit 11819 Pinkney St1BR,1BA$0.81
Nichol Flats1x1 A1BR,1BA$1.26
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$1.33
Riverbend - Newly Renovated! Call today!1 Bedroom1BR,1BA$1.28
Westbrook Tower1 Bedroom1BR,1BA$1.18

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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 $950.

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 $1,675.

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 64 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 $678 which is $997 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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.