
Cheap Homes for Rent in Crater Lake Neighborhood of Carter Lake, IA from $800 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Crater Lake area of Carter Lake.


4411 Commercial Ave
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.

3510 N 9th St

5719 N 25th Ave
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.

2859 Corby 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 | $1,124 | $1,100 | $1,149 |
| Crater Lake 3 Bedroom Homes for Rent | $1,464 | $1,195 | $1,950 |
| Crater Lake 4 Bedroom Homes for Rent | $1,785 | $1,391 | $2,180 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $800 |
| Cottonwood Apartments | 1X1S | 1BR,1BA | $825 |
| 22 Floors | Wrastler | 1BR,1BA | $895 |
Best Value Apartments for Rent in Crater Lake, IA
As of February 02, 2026 the best value apartment in the Crater Lake area is the $1.34 price per square foot Genevieve Model at TipTop Apartments in the in the Old Market neighborhood starting from $1,776. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| TipTop Apartments | Genevieve | 2BR,2BA | $1.34 |
| 1819 Pinkney St, Unit 1 | 1819 Pinkney St | 1BR,1BA | $0.81 |
| Lakeside Estates | 2 Bed 1 Bath Single Section | 2BR,1BA | $1.28 |
| Nichol Flats | 1x1 A | 1BR,1BA | $1.26 |
| 5306 N 25th St, Unit 2 | 5306 N 25th St | 2BR,1BA | $0.80 |
| The Rochester Apartments | The Storyteller | 1BR,1BA | $1.64 |
| Featherstone Apartments | One Bedroom | One Bath | 1BR,1BA | $1.33 |
| Cottonwood Apartments | 1X1S | 1BR,1BA | $1.38 |
| 22 Floors | Wrastler | 1BR,1BA | $1.60 |
| Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $1.60 |
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 ArticleThe 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 107 Apartments for Rent in Crater Lake, IA with pricing that ranges from $639 to $3,140. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Crater Lake ranging from $800 to $2,180.
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 $2,180 with an average monthly rent of $1,293.
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 $1,050 to $1,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,391 and Four Bedroom Apartments start at $639.
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

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.

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.

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.

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.