Cheap Apartments for Rent near Carter Lake, IA from $400 (86 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 2555 Izard Ct

$925 - $1,050

1 To 2 Bedroom Rentals

Available Now

2555 Izard Ct

OmahaNE68131

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 2561 Izard Ct

$950 - $1,100

1 To 2 Bedroom Rentals

Available Now

2561 Izard Ct

OmahaNE68131

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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property at 300 S 16th St

$999

Total Monthly Price

Total Monthly Price

Base Rent
$999
Total Monthly Price
$999

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

300 S 16th St, Unit 703

300 S 16th St
OmahaNE68102
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The Brandeis
$1,004 - $2,504
Total Monthly Price

Total Monthly Price

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

The Brandeis

210 S 16th StOmaha, NE 68102
Corporate Housing
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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 2575 Irving Ct

$1,050 - $1,150

2 Bedroom Rentals

Available Now

2575 Irving 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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Carter Lake, IA Local Guide

Cheapest Neighborhoods for Apartments in Carter Lake, IA

Pricing Updated: 07/27/2026

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$1,728$679242

Cheapest Available Carter Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Carter Lake, IA is a Studio unit found at The Carrara on Farnam in the Old Market neighborhood priced from $685. Westbrook Tower in the Old Market neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $729. Here is today’s list of the most affordable Carter Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Carrara on FarnamST 40%Studio,1BA$685
Westbrook TowerStudioStudio,1BA$729
Westwood Apartments2 BD2BR,1BA$785
Kensington Tower Apartments#4 Layout1BR,1BA$825
The BankThe Peso1BR,1BA$855
Maple SecondOne Bed/One Bath | 1-11BR,1BA$875
9inesFlyball1BR,1BA$895
Dahlman Flats0 Bed, 1 Bath - 465 SFStudio,1BA$895
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900
NOVA ApartmentsEclipseStudio,1BA$925

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

As of July 27, 2026 the best value apartment in the Carter Lake area is the $1.11 price per square foot AC.2B.2B.G Model at The Brandeis in the in the Old Market neighborhood starting from $1,354. The second greatest value Carter Lake apartment is the 3 Bed 2 Bath Single Section Model at Lakeside Estates starting at $1,449 with a $1.19 price per square foot in the Sherman 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.G2BR,2BA$1.11
Lakeside Estates3 Bed 2 Bath Single Section3BR,2BA$1.19
Westwood Apartments2 BD2BR,1BA$0.75
Cottonwood Apartments2X1B2BR,1BA$1.08
3307 11th Ave, Unit B3307 11th Ave2BR,1.5BA$1.23
Riverbend - Newly Renovated! Call today!One Bedroom1BR,1BA$1.24
Nove Lofts1BR/1.0BA1BR,1BA$1.37
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$1.33
22 FloorsShowcase1BR,1BA$1.42
Westbrook TowerStudioStudio ,1BA$1.33

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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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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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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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 $925.

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 $1,728.

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 91 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 $566 which is $1,162 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.