
Cheap Apartments for Rent in the Crater Lake Neighborhood of Carter Lake, IA from $400 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Crater Lake area of Carter Lake.


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Featherstone Apartments

Cottonwood Apartments

Dizzy Mule

TipTop Apartments

River Park by Broadmoor

The Slate
Crater Lake, Carter Lake, IA Local Guide
How much does it cost to rent an apartment in Crater Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Crater Lake Studio Apartments | $1,508 | $895 | $5,205 |
Crater Lake 1 Bedroom Apartments | $1,428 | $750 | $3,515 |
Crater Lake 2 Bedroom Apartments | $1,991 | $850 | $4,090 |
Crater Lake 3 Bedroom Apartments | $2,288 | $1,050 | $4,463 |
Crater Lake 4 Bedroom Apartments | $1,400 | $1,400 | $1,400 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Crater Lake Neighborhood of Carter Lake, IA.
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Crater Lake, Carter Lake, IA Local Guide
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Cheapest Available Crater Lake Apartments for Rent
 The cheapest available apartment rental in the Crater Lake area of Carter Lake, IA is a Studio unit found at Digs on Park Ave priced from $799. Maple Second has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Crater Lake apartments for rent in Carter Lake, IA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Digs on Park Ave | Studio | Studio,1BA | $799 |
Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $800 |
3633 Avenue A | 2 Bed 1 Bath | 2BR,1BA | $850 |
Muse Omaha | The CJ | Studio,1BA | $950 |
SPACES | 5th Province | Studio,1BA | $965 |
Best Value Apartments for Rent in Crater Lake, IA
As of April 11, 2025 the best value apartment in the Crater Lake area is the $1.81 price per square foot 2B Bed Model at Capitol Place Apartments in the in the Old Market neighborhood starting from $2,390. The second greatest value Crater Lake apartment is the August Model at TipTop Apartments starting at $1,845 with a $1.55 price per square foot in the Old Market neighborhood. 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. |
---|---|---|---|
Capitol Place Apartments | 2B Bed | 2BR,2BA | $1.81 |
TipTop Apartments | August | 2BR,2BA | $1.55 |
HELLO | Konichiwa | 2BR,2BA | $1.52 |
River Park by Broadmoor | Niobrara | 1BR,1BA | $1.63 |
The Capitol District Apartments | City Scape 1B4 | 1BR,1BA | $1.71 |
The Rochester Apartments | The Calligrapher | 1BR,1BA | $1.80 |
22 Floors | Flash | 1BR,1BA | $1.58 |
SPACES | Ladies and Gents | 1BR,1BA | $1.78 |
3633 Avenue A | 3 Bed 1 Bath | 3BR,1BA | $1.75 |
Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $1.60 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleCrater Lake, Carter Lake, IA
Ranked #1
Among neighborhoods in Carter Lake, IA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Crater Lake, Carter Lake, IA
King Science/Tech Magnet Middle School
School data provided by Great Schools
Getting Around the Crater Lake Neighborhood in Carter Lake, IA
Walk Score®
32 / 100
Car-Dependent
Most errands require a car
Bike Score®
49 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Crater Lake Apartments
What is a cheap apartment in Crater Lake?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Crater Lake is under $1,140.
What is the price of a cheap apartment in Crater Lake?
The cheapest apartment in Crater Lake is Maple Second which is listed at $800, while the average apartment in Crater Lake costs $2,062.
What types of apartments are the cheapest in Crater Lake?
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 92 regular apartments in Crater Lake 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 Crater Lake?
Cheap apartments in Crater Lake have an average cost of $1,393 which is $669 cheaper than the average rent for all rentals in Crater Lake.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.