
Cheap Apartments for Rent in the Lake Carolina Neighborhood of Columbia, SC from $700 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Carolina area of Columbia.


The Shores at Elders Pond
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.

Aria Lake Carolina

Killian Terrace Apartments
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.

Rice Terrace Apartments and Townhomes
Lake Carolina, Columbia, SC Local Guide

How much does it cost to rent an apartment in Lake Carolina?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Carolina 1 Bedroom Apartments | $1,373 | $787 | $1,525 |
| Lake Carolina 2 Bedroom Apartments | $1,532 | $799 | $1,915 |
| Lake Carolina 3 Bedroom Apartments | $1,675 | $1,075 | $4,435 |
Explore Columbia
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 3 Beds apartment currently listed from $1,075. Here are the most affordable Lake Carolina apartments for rent in Columbia, SC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Aria Lake Carolina | 2 Bedrooms 2 Baths | 2BR,2BA | $799 |
| Killian Terrace Apartments | 3 Bedroom | 3BR,2BA | $1,075 |
| Town Center at Lake Carolina | A1 - Dogwood - One Bedroom, One Bathroom | 1BR,1BA | $1,282 |
Best Value Apartments for Rent in Lake Carolina, SC
As of June 12, 2026 the best value apartment in the Lake Carolina area is the $0.90 price per square foot 3 Bedroom Model at Killian Terrace Apartments in the in the Spring Valley neighborhood starting from $1,075. The second greatest value Lake Carolina apartment is the The Benedict Garden Model at Rice Terrace Apartments and Townhomes starting at $1,389 with a $1.28 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Killian Terrace Apartments | 3 Bedroom | 3BR,2BA | $0.90 |
| Rice Terrace Apartments and Townhomes | The Benedict Garden | 2BR,2BA | $1.28 |
| Aria Lake Carolina | 1 Bedroom 1 Bath | 1BR,1BA | $0.92 |
| Town Center at Lake Carolina | A1 - Dogwood - One Bedroom, One Bathroom | 1BR,1BA | $1.56 |
| Comet Richland | Beech | 1BR,1BA | $1.94 |
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 $1,623.
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 1 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 $342 which is $1,281 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

Local Experts Top 8: Affordable Columbia, SC Neighborhoods for Quality Living
Written by: Kama Offenberger
I'm Kama, the ApartmentHomeLiving.com Local Expert for Columbia, South Carolina.

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.