Cheap Apartments for Rent in the Crater Lake Neighborhood of Carter Lake, IA from $400 (47 Rentals)

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

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Lakeside Estates
Studio to 4 Bedroom Apartments

Lakeside Estates

3510 N 9th StCarter Lake, IA 51510

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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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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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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property at 2605 Izard Ct

$1,100 - $1,250

2 Bedroom Rentals

Available Now

2605 Izard Ct

OmahaNE68131
property at 2561 Izard Ct

$1,100 - $1,250

2 Bedroom Rentals

Available Now

2561 Izard Ct

OmahaNE68131
property at 5805 N 28th Ave

$1,260

3 Bedroom, 1 Bath Home for Rent

Available Now

5805 N 28th Ave

OmahaNE68111

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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Maple Leaf
1 Bedroom Apartments

Maple Leaf

2902 N 24th StOmaha, NE 68110
  • Utilities Included
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1001 N 29th St
1 to 2 Bedroom Apartments

1001 N 29th St

1001 N 29th StOmaha, NE 68131
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22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102
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Northgate Apartments
1 to 4 Bedroom Apartments

Northgate Apartments

1222 N 31st StCouncil Bluffs, IA 51501
  • Utilities Included
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Twentieth Place
2 to 3 Bedroom Apartments

Twentieth Place

1825 N 20th StOmaha, NE 68110
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ViewHouse
1 to 2 Bedroom Apartments

ViewHouse

1111 N 27th StOmaha, NE 68131
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1415 @ The Yard
Studio to 2 Bedroom Apartments

1415 @ The Yard

1415 Cuming St NEOmaha, NE 68102

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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Showing Results 1-47, Page 1 of 1

Crater Lake, Carter Lake, IA Local Guide

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. NoDo has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Crater Lake apartments for rent in Carter Lake, IA:

Apartment ListingModel NameBed/BathPriced From
Maple SecondOne Bed/One Bath | 1-11BR,1BA$875
NoDoBillyStudio,1BA$900
3633 Avenue A2 Bed 1 Bath2BR,1BA$900
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900
Riverbend - Newly Renovated! Call today!One Bedroom1BR,1BA$930
9inesHomerun1BR,1BA$950
22 FloorsPortrait1BR,1BA$975
HELLOOla1BR,1BA$995
Cottonwood Apartments2X1S2BR,1BA$999

Best Value Apartments for Rent in Crater Lake, IA

As of April 24, 2026 the best value apartment in the Crater Lake area is the $1.48 price per square foot Betty Model at TipTop Apartments in the in the Old Market neighborhood starting from $1,950. The second greatest value Crater Lake apartment is the 2X1S Model at Cottonwood Apartments starting at $999 with a $1.07 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 ListingModel NameBed/BathPrice Per Sq.Ft.
TipTop ApartmentsBetty2BR,2BA$1.48
Cottonwood Apartments2X1S2BR,1BA$1.07
1819 Pinkney St, Unit 11819 Pinkney St1BR,1BA$0.81
Lakeside Estates2 Bed 1 Bath Single Section2BR,1BA$1.43
River Park by BroadmoorRio Grande1BR,1BA$1.48
Nichol Flats1x1 A1BR,1BA$1.33
Riverbend - Newly Renovated! Call today!One Bedroom1BR,1BA$1.24
The Capitol District ApartmentsCity Scape 1A31BR,1BA$1.67
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$1.33
22 FloorsShowcase1BR,1BA$1.47

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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.

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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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Pet Friendly Lifestyle
Crater Lake, Carter Lake, IA

Ranked #1

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Crater Lake, Carter Lake, IA

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 Maple Second which is listed at $875, while the average apartment in Crater Lake costs $1,935.

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 75 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 $778 which is $1,157 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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.