Most Affordable Neighborhoods in Cedar Rapids, IA
Some of the cheapest neighborhoods in Cedar Rapids are Kenwood Park, Cedar Hills, and Downtown Cedar Rapids. These neighborhoods offer some of the lowest rent prices in Cedar Rapids, making them ideal for renters on a budget. As of October 28, 2025, the average rent in Cedar Rapids is $793, which is 1.9% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Kenwood Park
Average Rent
$855/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
24/100
Units Available
17 Rentals
When you’re looking for a great Cedar Rapids neighborhood on a budget, check out Kenwood Park. The average rent is $855, compared to the city average of $793. Rent prices have decreased by 1.3%. Kenwood Park is convenient to Indian Creek Nature Center, Kirkwood C.C., Cedar Rapids, and Kirkwood C.C., Iowa City. The community is walkable with a WalkScore® of 71.
Cedar Hills
Average Rent
$927/Month
Year-Over-Year Rent Change
4.1%
TransitScore® Rating
24/100
Units Available
29 Rentals
Cedar Hills is an affordable neighborhood in Cedar Rapids with an average rent price of $927. Compare this to the city average of $793. In the past year, rent prices have increased by 4.1%. Cedar Hills provides easy access to Indian Creek Nature Center, Mount Mercy University, and Kirkwood C.C., Iowa City. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Downtown Cedar Rapids
Average Rent
$994/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
34/100
Units Available
52 Rentals
If you’re looking for a great, affordable neighborhood in Cedar Rapids, Downtown Cedar Rapids might be the perfect place! It has an average rent price of $994, while the city’s average stands at $793. In the last year, prices have decreased by 0.9%. Downtown Cedar Rapids is near Vernon Heights Plaza, Kirkwood C.C., Iowa City, and Palisades-Kepler State Park.
Ready to make your move to Cedar Rapids? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.