Cheap Apartments for Rent in Carter Lake, IA from $400 (54 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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.

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Maple Leaf
1 Bedroom Apartments

Maple Leaf

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

2511 3rd Ave

2511 3rd AveCouncil Bluffs, IA 51501
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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.

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1001 N 29th St
2 Bedroom Apartments

1001 N 29th St

1001 N 29th StOmaha, NE 68131
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Nobility Pointe
1 to 2 Bedroom Apartments

Nobility Pointe

3031 Blondo StOmaha, NE 68111
Senior Living
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City Pointe
1 Bedroom Apartments

City Pointe

1913 Farnam StOmaha, NE 68102
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Hotel Flatiron
1 to 2 Bedroom Apartments

Hotel Flatiron

1722 Saint Marys AveOmaha, NE 68102
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Northgate Apartments
1 to 4 Bedroom Apartments

Northgate Apartments

1222 N 31st StCouncil Bluffs, IA 51501
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Bull Durham Apartments
1 Bedroom Apartments

Bull Durham Apartments

1011-1013 Leavenworth StOmaha, NE 68102
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ViewHouse
1 to 2 Bedroom Apartments

ViewHouse

1111 N 27th StOmaha, NE 68131
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Twentieth Place
3 Bedroom Apartments

Twentieth Place

1825 N 20th StOmaha, NE 68110
Showing Results 1-50, Page 1 of 2

Carter Lake, IA Local Guide

Cheapest Neighborhoods for Apartments in Carter Lake, IA

Pricing Updated: 06/08/2025

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$1,905$645187

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 $735. 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$735
Securities Downtown1BR/1.0BA1BR,1BA$795
Maple SecondOne Bed/One Bath | 1-11BR,1BA$800
Kensington Tower ApartmentsGROUND LEVEL STUDIOStudio,1BA$845
Dahlman FlatsStudioStudio,1BA$845
3633 Avenue A2 Bed 1 Bath2BR,1BA$850
Harney Street Apartments in the Old Market0BR/1.0BAStudio,1BA$875
Cottonwood Apartments1X1B1BR,1BA$930
The BankThe Baht1BR,1BA$945

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

As of June 08, 2025 the best value apartment in the Carter Lake area is the $1.18 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 1 Bed 1 Bath Model at Cornerstone Apartments starting at $1,475 with a $1.18 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$1.18
Cornerstone Apartments1 Bed 1 Bath1BR,1BA$1.18
L15 LoftsVintageStudio ,1BA$0.85
The Rochester ApartmentsThe Bookbinder2BR,2BA$1.41
Skinner Macaroni LoftsOne Bedroom with Den1BR,1BA$1.28
Old Market Lofts1 Bedroom 1 Bathroom with Balcony, Patio1BR,1BA$1.09
Lakeside Estates2 Bed 2 Bath Single Section2BR,2BA$1.41
1819 Pinkney St, Unit 31819 Pinkney St1BR,1BA$0.92
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$1.40
Westbrook Tower1 Bedroom1BR,1BA$1.13

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.

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Pet Friendly Lifestyle
Carter Lake, IA

Ranked #12

Among cities in Iowa for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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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See the most popular apartments and homes in Carter Lake, IA

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Getting Around Carter Lake, IA

Walk Score®

32 / 100

Car-Dependent

Most errands require a car

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $945.

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

The cheapest apartment in Carter Lake is Westbrook Tower which is listed at $735, while the average apartment in Carter Lake costs $1,905.

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 134 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 $1,394 which is $511 cheaper than the average rent for all rentals in Carter Lake.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.

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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.