
Cheap Apartments for Rent in the Crater Lake Neighborhood of Carter Lake, IA from $400 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Crater Lake area of Carter Lake.


Cottonwood Apartments

Riverbend - Newly Renovated! Call today!

Featherstone Apartments

901 N 35th St
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.

2567 Izard Ct
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.
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.
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 | $1,232 | $900 | $1,905 |
Crater Lake 1 Bedroom Apartments | $1,286 | $800 | $2,110 |
Crater Lake 2 Bedroom Apartments | $1,709 | $900 | $3,630 |
Crater Lake 3 Bedroom Apartments | $1,514 | $1,050 | $2,930 |
Crater Lake 4 Bedroom Apartments | $1,573 | $1,500 | $1,646 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Crater Lake Neighborhood of Carter Lake, IA.
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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 $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 |
3633 Avenue A | 2 Bed 1 Bath | 2BR,1BA | $900 |
Featherstone Apartments | One Bedroom | One Bath | 1BR,1BA | $900 |
Muse Omaha | The CJ | Studio,1BA | $950 |
Best Value Apartments for Rent in Crater Lake, IA
As of July 15, 2025 the best value apartment in the Crater Lake area is the $1.59 price per square foot Deerfield Model at River Park by Broadmoor in the in the Old Market neighborhood starting from $1,465. The second greatest value Crater Lake apartment is the 2 Bed / 2 Bath Model at Capitol Rows starting at $1,550 with a $1.72 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. |
---|---|---|---|
River Park by Broadmoor | Deerfield | 2BR,2BA | $1.59 |
Capitol Rows | 2 Bed / 2 Bath | 2BR,2BA | $1.72 |
TipTop Apartments | Easy | 1BR,1BA | $1.62 |
The Rochester Apartments | The Storyteller | 1BR,1BA | $1.65 |
Featherstone Apartments | One Bedroom | One Bath | 1BR,1BA | $1.33 |
The Capitol District Apartments | City Scape 1A2 | 1BR,1BA | $1.69 |
Cottonwood Apartments | 1X1B | 1BR,1BA | $1.33 |
22 Floors | Flash | 1BR,1BA | $1.58 |
9ines | Baserunner | 1BR,1BA | $1.74 |
Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $1.60 |
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.
Pet Friendly LifestyleCrater Lake, Carter Lake, IA
Ranked #1
Among neighborhoods in Carter Lake, IA 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
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 $1,025.
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 $1,680.
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 82 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 $1,041 which is $639 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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.