Cheap Homes for Rent in Carter Lake, IA from $700 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

property at 812 N 33rd St

812 N 33rd St

OmahaNE68131
property at 502 William St

502 William St

OmahaNE68108

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.

Carter Lake, IA Local Guide

Cheapest Neighborhoods for Apartments in Carter Lake, IA

Pricing Updated: 06/02/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Crater Lake$1,905$645187

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 $735. Securities Downtown in the Old Market neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Carter Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westbrook Tower1 Bedroom1BR,1BA$735
Securities Downtown1BR/1.0BA1BR,1BA$795
Maple SecondOne Bed/One Bath | 1-11BR,1BA$800

Best Value Apartments for Rent in Carter Lake, IA and Nearby

As of June 02, 2025 the best value apartment in the Carter Lake area is the $1.18 price per square foot 1 Bed 1 Bath Model at Cornerstone Apartments in the in the Old Market neighborhood starting from $1,475. The second greatest value Carter Lake apartment is the AC.2B.G Model at The Brandeis starting at $1,350 with a $1.28 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Cornerstone Apartments1 Bed 1 Bath1BR,1BA$1.18
The BrandeisAC.2B.G2BR,1BA$1.28
L15 LoftsVintageStudio ,1BA$0.95
Lakeside Estates2 Bed 2 Bath Single Section2BR,2BA$1.41
Old Market Lofts2 Bedroom 1 Bathroom2BR,1BA$1.21
Skinner Macaroni LoftsOne Bedroom1BR,1BA$1.33
1819 Pinkney St, Unit 31819 Pinkney St1BR,1BA$0.92
Harney Street Apartments in the Old Market0BR/1.0BAStudio ,1BA$1.36
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$1.40
Westbrook Tower1 Bedroom1BR,1BA$1.13

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Carter Lake

What type of rentals are currently available in Carter Lake?

There are currently 182 Apartments for Rent in Carter Lake, IA with pricing that ranges from $575 to $5,521. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carter Lake ranging from $775 to $2,950.

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 $775 to $2,950 with an average monthly rent of $1,844.

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 $1,050 to $3,648, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $1,500.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.