Cheap Apartments for Rent in the Crater Lake Neighborhood of Carter Lake, IA from $400 (20 Rentals)

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

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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Maple Leaf
1 Bedroom Apartments

Maple Leaf

2902 N 24th StOmaha, NE 68110
  • Utilities Included

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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1001 N 29th St
1 to 2 Bedroom Apartments

1001 N 29th St

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

22 Floors

1314 Mike Fahey StOmaha, NE 68102
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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

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 $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 ListingModel NameBed/BathPriced From
Maple SecondOne Bed/One Bath | 1-11BR,1BA$800
Cottonwood Apartments1X1B1BR,1BA$830
22 FloorsFlash1BR,1BA$875
NoDoBillyStudio,1BA$900
3633 Avenue A2 Bed 1 Bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
TipTop ApartmentsBeehive2BR,2BA$1.27
Riverbend - Newly Renovated! Call today!Two Bedroom / 1 Bath2BR,1BA$1.10
The Rochester ApartmentsThe Storyteller1BR,1BA$1.46
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$1.33
Cottonwood Apartments1X1B1BR,1BA$1.33
Capitol Rows1 Bed / 1 Bath1BR,1BA$1.66
3633 Avenue A2 Bed 1 Bath2BR,1BA$1.50
HELLOAhojStudio ,1BA$1.80
22 FloorsWrastler1BR,1BA$1.63
Maple SecondOne Bed/One Bath | 1-11BR,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.

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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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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

3.5
Pet Friendly

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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

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.