
Cheap Apartments for Rent in the Crater Lake Neighborhood of Carter Lake, IA from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Crater Lake area of Carter Lake.


Riverbend - Newly Renovated! Call today!

Cottonwood Apartments

Featherstone Apartments
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.

901 N 35th St

2573 Izard Ct

The Rochester Apartments

Capitol Rows
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.

2202 Wirt St
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.
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 | $1,212 | $900 | $1,905 |
Crater Lake 1 Bedroom Apartments | $1,256 | $800 | $2,110 |
Crater Lake 2 Bedroom Apartments | $1,629 | $900 | $3,270 |
Crater Lake 3 Bedroom Apartments | $1,497 | $1,200 | $2,465 |
Crater Lake 4 Bedroom Apartments | $1,573 | $1,500 | $1,646 |
Browse Apartments in this Neighborhood
There are currently 20 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $800. Cottonwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. 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 | $800 |
Cottonwood Apartments | 1X1B | 1BR,1BA | $830 |
22 Floors | Flash | 1BR,1BA | $875 |
NoDo | Billy | Studio,1BA | $900 |
3633 Avenue A | 2 Bed 1 Bath | 2BR,1BA | $900 |
Best Value Apartments for Rent in Crater Lake, IA
As of October 23, 2025 the best value apartment in the Crater Lake area is the $1.27 price per square foot Beehive Model at TipTop Apartments in the in the Old Market neighborhood starting from $1,693. The second greatest value Crater Lake apartment is the Two Bedroom / 1 Bath Model at Riverbend - Newly Renovated! Call today! starting at $990 with a $1.10 price per square foot in the Old Market 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 | Beehive | 2BR,2BA | $1.27 |
Riverbend - Newly Renovated! Call today! | Two Bedroom / 1 Bath | 2BR,1BA | $1.10 |
The Rochester Apartments | The Storyteller | 1BR,1BA | $1.46 |
Featherstone Apartments | One Bedroom | One Bath | 1BR,1BA | $1.33 |
Cottonwood Apartments | 1X1B | 1BR,1BA | $1.33 |
Capitol Rows | 1 Bed / 1 Bath | 1BR,1BA | $1.66 |
3633 Avenue A | 2 Bed 1 Bath | 2BR,1BA | $1.50 |
HELLO | Ahoj | Studio ,1BA | $1.80 |
22 Floors | Wrastler | 1BR,1BA | $1.63 |
Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $1.60 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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
3.5Pet Friendly
Best Local Schools in Crater Lake, Carter Lake, IA
King Science/Tech Magnet Middle School
School data provided by Great Schools
Getting Around the Crater Lake Neighborhood in 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 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 $995.
What is the price of a cheap apartment in Crater Lake?
The cheapest apartment in Crater Lake is Maple Second which is listed at $800, while the average apartment in Crater Lake costs $1,620.
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 79 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 $1,063 which is $557 cheaper than the average rent for all rentals in Crater 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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.