Cheap Homes for Rent in Crater Lake Neighborhood of Carter Lake, IA from $900 (6 Rentals)

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

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.

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.

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 Cottonwood Apartments priced from $845. Maple Second has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Crater Lake apartments for rent in Carter Lake, IA:

Apartment ListingModel NameBed/BathPriced From
Cottonwood Apartments1X1B1BR,1BA$845
Maple SecondOne Bed/One Bath | 1-11BR,1BA$875
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900

Best Value Apartments for Rent in Crater Lake, IA

As of June 22, 2026 the best value apartment in the Crater Lake area is the $1.50 price per square foot Pixie Model at TipTop Apartments in the in the Old Market neighborhood starting from $1,695. The second greatest value Crater Lake apartment is the 1x1 B Model at Nichol Flats starting at $999 with a $1.14 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 ApartmentsPixie2BR,2BA$1.50
Nichol Flats1x1 B1BR,1BA$1.14
NoDoClark1BR,1BA$1.70
Riverbend - Newly Renovated! Call today!One Bedroom1BR,1BA$1.24
The Capitol District ApartmentsCity Scape 1A31BR,1BA$1.70
The Rochester ApartmentsThe Storyteller1BR,1BA$1.66
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$1.33
22 FloorsShowcase1BR,1BA$1.47
Cottonwood Apartments1X1B1BR,1BA$1.35
Capitol Rows1 Bed / 1 Bath1BR,1BA$1.66

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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Real 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.

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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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Frequently Asked Questions about Crater Lake

What type of rentals are currently available in Crater Lake?

There are currently 101 Apartments for Rent in Crater Lake, IA with pricing that ranges from $679 to $3,615. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Crater Lake ranging from $950 to $1,450.

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 $950 to $1,450 with an average monthly rent of $1,241.

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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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.