
Cheap Homes for Rent in the Crater Lake Neighborhood of Carter Lake, IA from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Crater Lake area of Carter Lake.


2937 1/2 Ave A, Unit 2937 1/2

1918 N 28th St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

203 S 35th St

5621 N 29th St

2859 Corby St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

2518 Jaynes St
Crater Lake, Carter Lake, IA Local Guide
How much does it cost to rent a home in Crater Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Crater Lake 2 Bedroom Homes for Rent | $1,149 | $800 | $1,450 |
| Crater Lake 3 Bedroom Homes for Rent | $1,426 | $1,197 | $1,800 |
| Crater Lake 4 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Crater Lake Neighborhood of Carter Lake, IA.
Explore Carter Lake
Crater Lake, Carter Lake, IA Local Guide
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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 $875. Featherstone Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. 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 | $875 |
| Featherstone Apartments | One Bedroom | One Bath | 1BR,1BA | $900 |
| 9ines | Homerun | 1BR,1BA | $925 |
Best Value Apartments for Rent in Crater Lake, IA
As of August 09, 2026 the best value apartment in the Crater Lake area is the $1.67 price per square foot City Scape 2A7 Model at The Capitol District Apartments in the in the Old Market neighborhood starting from $2,325. The second greatest value Crater Lake apartment is the The Herbalist Loft Model at The Rochester Apartments starting at $1,687 with a $1.51 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. |
|---|---|---|---|
| The Capitol District Apartments | City Scape 2A7 | 2BR,2BA | $1.67 |
| The Rochester Apartments | The Herbalist Loft | 2BR,2BA | $1.51 |
| Cottonwood Apartments | 2X1B | 2BR,1BA | $1.07 |
| Nichol Flats | 1x1 B | 1BR,1BA | $1.26 |
| Riverbend - Newly Renovated! Call today! | One Bedroom | 1BR,1BA | $1.24 |
| NoDo | Lewis | 1BR,1BA | $1.68 |
| Featherstone Apartments | One Bedroom | One Bath | 1BR,1BA | $1.33 |
| 22 Floors | Showcase | 1BR,1BA | $1.42 |
| Capitol Rows | 1 Bed / 1 Bath | 1BR,1BA | $1.66 |
| 9ines | Homerun | 1BR,1BA | $1.69 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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
Frequently Asked Questions about Crater Lake
What type of rentals are currently available in Crater Lake?
There are currently 105 Apartments for Rent in Crater Lake, IA with pricing that ranges from $679 to $3,265. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Crater Lake ranging from $800 to $1,800.
What is the current price range for Rental Homes in Crater Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Crater Lake ranges from $800 to $1,800 with an average monthly rent of $1,336.
How much are larger Three and Four Bedroom Rentals in Crater Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Crater Lake range from $1,200 to $2,475, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,197 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $679.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.