Cheap Apartments for Rent in the Lake Carolina Neighborhood of Columbia, SC from $700 (5 Rentals)

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

Search the lowest-cost Apartments available for rent right now in the Lake Carolina area of Columbia.

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.

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.

Lake Carolina, Columbia, SC Local Guide

Cheapest Available Lake Carolina Apartments for Rent

 

The cheapest available apartment rental in the Lake Carolina area of Columbia, SC is a 2 Beds unit found at Aria Lake Carolina priced from $799. Killian Terrace Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $941. Here are the most affordable Lake Carolina apartments for rent in Columbia, SC:

Apartment ListingModel NameBed/BathPriced From
Aria Lake Carolina2 Bedrooms 2 Baths2BR,2BA$799
Killian Terrace Apartments2 Bedroom2BR,2BA$941
Rice Terrace Apartments and TownhomesThe Allen Garden1BR,1BA$1,186

Best Value Apartments for Rent in Lake Carolina, SC

As of December 28, 2025 the best value apartment in the Lake Carolina area is the $0.94 price per square foot 2 Bedroom Model at Killian Terrace Apartments in the in the Spring Valley neighborhood starting from $941. The second greatest value Lake Carolina apartment is the Marion Model at The Shores at Elders Pond starting at $1,229 with a $1.27 price per square foot in the Spring Valley neighborhood. Here is today’s list of the best values for Lake Carolina apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Killian Terrace Apartments2 Bedroom2BR,2BA$0.94
The Shores at Elders PondMarion2BR,2BA$1.27
Aria Lake Carolina1 Bedroom 1 Bath1BR,1BA$0.92
Rice Terrace Apartments and TownhomesThe Allen Garden1BR,1BA$1.48
Town Center at Lake CarolinaA2 - Azalea - One Bedroom, One Bathroom1BR,1BA$1.79

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 Article
Decorative image

The 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 Article
Decorative image

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.

Read Article
Decorative image

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

Pet Friendly Lifestyle
Lake Carolina, Columbia, SC

Ranked #55

Among cities in South Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Lake Carolina Apartments

What is the price of a cheap apartment in Lake Carolina?

The cheapest apartment in Lake Carolina is Aria Lake Carolina which is listed at $869, while the average apartment in Lake Carolina costs $1,774.

What types of apartments are the cheapest in Lake Carolina?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Lake Carolina that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lake Carolina?

Cheap apartments in Lake Carolina have an average cost of $380 which is $1,394 cheaper than the average rent for all rentals in Lake Carolina.

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

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!