My girlfriend and I have spent a wonderful week at one of the most underrated lakes in Italy. The Lago Iseo, located just 50 km away from the three well known big Italian lakes, which are also very beautiful but way too expensive for students like us.
We've spent 6 nights in an apartment, located just 30 meters from the lake. The little town of Iseo is also very beautiful and provides you with all the stores you need, the coffee and gelato tastes incredible. To widen our horizont, we also have spent 2 days in wonderful Brescia, a city just an hour ride away from Iseo. We orginally planned it as a day trip, but the city has so much to offer that we added an extra day. Don't forget to check out the Roman Sides, which you will see in the Pictures.
In Iseo we also rent a little motor boat and went around the lake and a little Island, located just in the middle of the lake. It's called Monte Isola, and if you do the 2 hour hike to the top of the island, it will spoil you with one of the most wonderful views you will ever see. The blue water of the lake, contrasting with snowy peaks of the alps, which are so close by!
I can highly recommend the place for vacation, especially since it is not crowded at all and afordable!