
Cheap Homes for Rent in Carter Lake, IA from $600 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Carter Lake.


616 N 46th St

612-616-616 N 46th St

2233 S 20th St

610 S 32nd Ave

210 N 32nd Av
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.

120 N 30th St

5922 N 28th Ave

2937 Ave A, Unit 2937 1/2

2011 S 7th St

4201 Cuming St

2969 Harris St
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.

1011 7th Ave

4123 Avenue C

3309 Ave I

2305 John A Creighton Blvd

2402 Ave A, Unit 2402 Ave A

312 S 16th St
Cash 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.
Carter Lake, IA Local Guide

How much does it cost to rent a home in Carter Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Carter Lake 2 Bedroom Homes for Rent | $1,422 | $900 | $2,950 |
| Carter Lake 3 Bedroom Homes for Rent | $1,651 | $1,125 | $2,800 |
| Carter Lake 4 Bedroom Homes for Rent | $2,192 | $1,600 | $2,775 |
| Carter Lake 5 Bedroom Homes for Rent | $3,250 | $3,250 | $3,250 |
| Carter Lake 6 Bedroom Homes for Rent | $4,300 | $3,500 | $5,100 |
Browse Top Homes for Rent in Carter Lake
Explore Carter Lake
Carter Lake, IA Local Guide
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Cheapest Neighborhoods for Apartments in Carter Lake, IA
Pricing Updated: 06/20/2026Current apartment rentals in the Carter Lake, IA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Carter Lake Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Crater Lake | $1,374 | $950 | 5 |
Cheapest Available Carter Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Carter Lake, IA is a 1 Bed unit found at Westbrook Tower in the Old Market neighborhood priced from $769. Westwood Apartments in the Old Market neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $785. Here is today’s list of the most affordable Carter Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Westbrook Tower | 1 Bedroom | 1BR,1BA | $769 |
| Westwood Apartments | 2 BD | 2BR,1BA | $785 |
| The Carrara on Farnam | ST B 50% | Studio,1BA | $805 |
| Cottonwood Apartments | 1X1B | 1BR,1BA | $845 |
| Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $875 |
Best Value Apartments for Rent in Carter Lake, IA and Nearby
As of June 20, 2026 the best value apartment in the Carter Lake area is the $1.32 price per square foot Dodge Model at Joslyn Loft in the in the Old Market neighborhood starting from $1,625. The second greatest value Carter Lake apartment is the AC.2B.2B.G Model at The Brandeis starting at $1,354 with a $1.11 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Carter Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Joslyn Loft | Dodge | 2BR,2BA | $1.32 |
| The Brandeis | AC.2B.2B.G | 2BR,2BA | $1.11 |
| Westwood Apartments | 2 BD | 2BR,1BA | $0.75 |
| Old Market Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.04 |
| Nichol Flats | 1x1 A | 1BR,1BA | $1.26 |
| Nove Lofts | 1BR/1.0BA | 1BR,1BA | $1.23 |
| Riverbend - Newly Renovated! Call today! | One Bedroom | 1BR,1BA | $1.24 |
| Featherstone Apartments | One Bedroom | One Bath | 1BR,1BA | $1.33 |
| L14 Flats | Trendy | 1BR,1BA | $1.33 |
| Westbrook Tower | 1 Bedroom | 1BR,1BA | $1.18 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Carter Lake, IA Rentals by Map
See the most popular apartments and homes in Carter Lake, IA
Frequently Asked Questions about Carter Lake
What type of rentals are currently available in Carter Lake?
There are currently 202 Apartments for Rent in Carter Lake, IA with pricing that ranges from $575 to $4,434. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carter Lake ranging from $675 to $5,100.
What is the current price range for Rental Homes in Carter Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Carter Lake ranges from $675 to $5,100 with an average monthly rent of $2,096.
How much are larger Three and Four Bedroom Rentals in Carter Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Carter Lake range from $1,200 to $3,648, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,125 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,600 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

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.

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.

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.

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.