
Cheap Apartments for Rent in the Crater Lake Neighborhood of Carter Lake, IA from $400 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Crater Lake area of Carter Lake.


Total Monthly Price
1819 Pinkney St, Unit 1

Cottonwood Apartments

Maple Second

Riverbend - Newly Renovated! Call today!

Featherstone Apartments

NoDo
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.

2575 Nicholas Ct

2613 Nicholas Ct

2937 Ave A

2561 Izard Ct

HELLO

Capitol Rows

Dizzy Mule

Nichol Flats
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.

NOVA Apartments

The Highline

The Slate

River Park by Broadmoor

FRAME Apartments

2563 Nicholas Ct

2555 Izard Ct

2575 Irving Ct
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.

The Wire

The Capitol District Apartments

2402 Ave A, Unit 2402 Ave A

Maple Leaf

Grace Plaza Apartments

1001 N 29th St

22 Floors

Northgate Apartments
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.

3633 Avenue A

Twentieth Place

ViewHouse

5922 N 28th Ave

1415 @ The Yard

Capitol Place Apartments

4123 Avenue C

3309 Ave I
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.

George H. Kelly House Apartments
Crater Lake, Carter Lake, IA Local Guide
How much does it cost to rent an apartment in Crater Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Crater Lake Studio Apartments | $1,190 | $900 | $1,605 |
| Crater Lake 1 Bedroom Apartments | $1,360 | $650 | $2,190 |
| Crater Lake 2 Bedroom Apartments | $1,820 | $749 | $3,760 |
| Crater Lake 3 Bedroom Apartments | $1,905 | $1,200 | $3,145 |
| Crater Lake 4 Bedroom Apartments | $889 | $679 | $1,646 |
Browse Apartments in this Neighborhood
There are currently 41 rentals with your search options within a 2 mile radius of the Crater Lake Neighborhood of Carter Lake, IA.
See all Apartments in Carter LakeExplore Carter Lake
Crater Lake, Carter Lake, IA Local Guide
- Nearby Carter Lake neighborhoods
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Cheapest Available Crater Lake Apartments for Rent
 The cheapest available apartment rental in the Crater Lake area of Carter Lake, IA is a 1 Bed unit found at Maple Second priced from $875. 9ines has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Crater Lake apartments for rent in Carter Lake, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $875 |
| 9ines | Flyball | 1BR,1BA | $895 |
| Featherstone Apartments | One Bedroom | One Bath | 1BR,1BA | $900 |
| Riverbend - Newly Renovated! Call today! | One Bedroom | 1BR,1BA | $930 |
| 22 Floors | Showcase | 1BR,1BA | $980 |
| Capitol Rows | 1 Bed / 1 Bath | 1BR,1BA | $995 |
| HELLO | Ola | 1BR,1BA | $995 |
| Dizzy Mule | Drip | Studio,1BA | $995 |
| Nichol Flats | 1x1 B | 1BR,1BA | $999 |
Best Value Apartments for Rent in Crater Lake, IA
As of June 18, 2026 the best value apartment in the Crater Lake area is the $1.52 price per square foot Pixie Model at TipTop Apartments in the in the Old Market neighborhood starting from $1,720. The second greatest value Crater Lake apartment is the 1819 Pinkney St Model at 1819 Pinkney St, Unit 1 starting at $650 with a $0.72 price per square foot in the Omaha View neighborhood. Here is today’s list of the best values for Crater Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| TipTop Apartments | Pixie | 2BR,2BA | $1.52 |
| 1819 Pinkney St, Unit 1 | 1819 Pinkney St | 1BR,1BA | $0.72 |
| Nichol Flats | 1x1 A | 1BR,1BA | $1.26 |
| NoDo | Clark | 1BR,1BA | $1.70 |
| Riverbend - Newly Renovated! Call today! | One Bedroom | 1BR,1BA | $1.24 |
| Featherstone Apartments | One Bedroom | One Bath | 1BR,1BA | $1.33 |
| The Capitol District Apartments | City Scape 1A2 | 1BR,1BA | $1.69 |
| 22 Floors | Showcase | 1BR,1BA | $1.47 |
| Cottonwood Apartments | 1X1B | 1BR,1BA | $1.35 |
| Capitol Rows | 1 Bed / 1 Bath | 1BR,1BA | $1.66 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleCrater Lake, Carter Lake, IA
Ranked #1
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Crater Lake, Carter Lake, IA
King Science/Tech Magnet Middle School
School data provided by Great Schools
Frequently Asked Questions about Cheap Crater Lake Apartments
What is a cheap apartment in Crater Lake?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Crater Lake is under $999.
What is the price of a cheap apartment in Crater Lake?
The cheapest apartment in Crater Lake is Cottonwood Apartments which is listed at $845, while the average apartment in Crater Lake costs $1,855.
What types of apartments are the cheapest in Crater 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 71 regular apartments in Crater 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 Crater Lake?
Cheap apartments in Crater Lake have an average cost of $614 which is $1,241 cheaper than the average rent for all rentals in Crater 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

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.

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.

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.

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.
