Cheap Apartments for Rent in Crater Lake, OR from $800 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in Crater Lake.

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.

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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.

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Camino Colibri
Studio to 3 Bedroom Apartments

Camino Colibri

915 Broad StMedford, OR 97501
  • Utilities Included
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70-110 S Haskell St
1 to 2 Bedroom Apartments

70-110 S Haskell St

70-110 S Haskell StCentral Point, OR 97502

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.

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Hallmark
Studio to 2 Bedroom Apartments

Hallmark

1719 N 17th StSpringfield, OR 97477
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Morningside Apartments
1 to 2 Bedroom Apartments

Morningside Apartments

2001 Table Rock RdMedford, OR 97501
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Genesis Apartments
Studio to 2 Bedroom Apartments

Genesis Apartments

121 S Holly StMedford, OR 97501

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.

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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.

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Crater Lake, OR Local Guide

Cheapest Available Crater Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Crater Lake, OR is a Studio unit found at Valley Pines priced from $941. Village Inn Apartments in the Washburne Historic District neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here is today’s list of the most affordable Crater Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Valley PinesStudioStudio,1BA$941
Village Inn Apartments860sStudio,1BA$1,000
The JacksonE BuildingStudio,1BA$1,095
Bartlett Street Apartments#91BR,1BA$1,100
Hallmark1x1 Units1BR,1BA$1,120
Northwood1x11BR,1BA$1,120
Forest Village Apartments2BRx1.5Bath- Assigned Parking2BR,1BA$1,245
Village Park Apartments2 Bedroom2BR,1BA$1,250
Discover Downtown Living at New Medford Apartments1x1 I-091BR,1BA$1,275
Orchard Glen Estates2 Bedroom 1.5 Bath Apartment2BR,1BA$1,275

Best Value Apartments for Rent in Crater Lake, OR and Nearby

As of May 26, 2026 the best value apartment in the Crater Lake area is the $1.29 price per square foot 1809 Model at 1809 Williams Hwy in the starting from $1,950. The second greatest value Crater Lake apartment is the 3 Bed 2.5 Bath Model at Oak Grove Estates starting at $1,895 with a $1.26 price per square foot . Here is today’s list of the best values for Crater Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1809 Williams Hwy18094BR,2BA$1.29
Oak Grove Estates3 Bed 2.5 Bath3BR,2.5BA$1.26
Brentwood EstatesThree Bedroom Townhome A3BR,2BA$1.56
Saddle Butte Duplexes1012BR,1.5BA$1.20
Ivy Club Apartments2 BEDROOM UPSTAIRS2BR,2BA$1.36
Jenna Village ApartmentsTwo Bedroom2BR,1.5BA$1.55
Forest Village Apartments2BRx1.5Bath- Assigned Parking2BR,1.5BA$1.38
Orchard Glen Estates2 Bedroom 1.5 Bath Apartment2BR,1.5BA$1.58
The JacksonE BuildingStudio ,1BA$1.37
Hallmark1x1 Units1BR,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.

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Crater Lake, OR Rentals by Map

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See the most popular apartments and homes in Crater Lake, OR

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Frequently Asked Questions about Cheap Crater Lake Apartments

What is the Cheapest Studio apartment in Crater Lake?

Currently the most affordable Cheap Studio Apartment in Crater Lake is at Valley Pines listed at $941.

How much is rent for a Cheap One Bedroom Crater Lake Apartment?

The lowest price for a Cheap One Bedroom Crater Lake Apartment is $1,002 at Valley Pines.

What is the lowest price for a Cheap Two Bedroom Crater Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Crater Lake is starting from $1,245 at Forest Village Apartments.

What is the most affordable Crater Lake Three Bedroom Apartment?

The best deal on a cheap Crater Lake Three Bedroom Apartment rental is at Charles Point and starts from $1,595.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.