Cheap Apartments for Rent in the Crater Lake Neighborhood of Carter Lake, IA from $400 (24 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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property at 2563 Irving Ct

$925 - $1,095

1 To 2 Bedroom Rentals

Available Now

2563 Irving Ct

OmahaNE68131
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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

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Showing Results 1-24, Page 1 of 1

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 $825. 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$800
Cottonwood Apartments1X1S1BR,1BA$825
22 FloorsWrastler1BR,1BA$895
Capitol Rows1 Bed / 1 Bath1BR,1BA$897
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900

Best Value Apartments for Rent in Crater Lake, IA

As of January 23, 2026 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 $1,702. The second greatest value Crater Lake apartment is the 1819 Pinkney St Model at 1819 Pinkney St, Unit 1 starting at $725 with a $0.81 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 ListingModel NameBed/BathPrice Per Sq.Ft.
TipTop ApartmentsBeehive2BR,2BA$1.27
1819 Pinkney St, Unit 11819 Pinkney St1BR,1BA$0.81
Capitol Rows2 Bed / 2 Bath2BR,2BA$1.55
Lakeside Estates2 Bed 1 Bath Single Section2BR,1BA$1.28
Nichol Flats1x1 A1BR,1BA$1.33
The Rochester ApartmentsThe Storyteller1BR,1BA$1.64
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$1.33
Cottonwood Apartments1X1S1BR,1BA$1.38
22 FloorsWrastler1BR,1BA$1.60
Maple SecondOne Bed/One Bath | 1-11BR,1BA$1.60

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 $1,100.

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 $1,602.

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 73 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 $766 which is $836 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

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.