
Cheap Homes for Rent near Crater Lake, OR from $900 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Crater Lake.


2535 Bly St

1229 Division St

605 Fulton St

310 Hawthorne St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1821 Modoc St

632 Van Ness St

1670 Portland St

1714 Lakeview Ave

1000 California Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

1818 Birch St

3427 Chelsea St

3246 Avenue C

426 1st Ave

610 N 3rd St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Crater Lake, OR Local Guide

How much does it cost to rent a home in Crater Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Crater Lake 2 Bedroom Homes for Rent | $1,358 | $950 | $1,800 |
| Crater Lake 3 Bedroom Homes for Rent | $2,006 | $1,400 | $2,895 |
| Crater Lake 4 Bedroom Homes for Rent | $2,779 | $1,600 | $3,900 |
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Crater Lake, OR Local Guide
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Cheapest Available Crater Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Crater Lake, OR is a 1 Bed unit found at Valley Pines priced from $1,070. The Jackson in the Downtown Medford neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. Here is today’s list of the most affordable Crater Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Valley Pines | 1 Bedroom | 1BR,1BA | $1,070 |
| The Jackson | E Building | Studio,1BA | $1,095 |
| Northwood | 1x1 | 1BR,1BA | $1,120 |
| Hallmark | 1x1 Units | 1BR,1BA | $1,120 |
| Lookingglass Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in Crater Lake, OR and Nearby
As of August 08, 2026 the best value apartment in the Crater Lake area is the $1.26 price per square foot 3 Bed 2.5 Bath Model at Oak Grove Estates in the starting from $1,895. The second greatest value Crater Lake apartment is the 3X2A Model at Ridgewood starting at $2,107 with a $1.48 price per square foot . Here is today’s list of the best values for Crater Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oak Grove Estates | 3 Bed 2.5 Bath | 3BR,2.5BA | $1.26 |
| Ridgewood | 3X2A | 3BR,2BA | $1.48 |
| 1809 Williams Hwy | 1799 | 3BR,1BA | $1.58 |
| Saddle Butte Duplexes | 101 | 2BR,1.5BA | $1.20 |
| Brentwood Estates | Two Bedroom Townhome | 2BR,2BA | $1.48 |
| Jenna Village Apartments | Two Bedroom | 2BR,1.5BA | $1.55 |
| Forest Village Apartments | 2BRx1.5Bath- Assigned Parking | 2BR,1.5BA | $1.38 |
| Orchard Glen Estates | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.58 |
| The Jackson | E Building | Studio ,1BA | $1.37 |
| Poplar Village North | Floor Plan A | 1BR,1BA | $1.47 |
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 Crater Lake, OR Rentals by Map
See the most popular apartments and homes in Crater Lake, OR
Frequently Asked Questions about Crater Lake
What type of rentals are currently available in Crater Lake?
There are currently 58 Apartments for Rent in Crater Lake, OR with pricing that ranges from $1,004 to $4,444. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Crater Lake ranging from $900 to $3,900.
What is the current price range for Rental Homes in Crater Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Crater Lake ranges from $900 to $3,900 with an average monthly rent of $1,803.
How much are larger Three and Four Bedroom Rentals in Crater Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Crater Lake range from $1,372 to $3,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,895. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,950.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.