Best Affordable Neighborhoods in Cedar Rapids, IA
Some of the cheapest neighborhoods in Cedar Rapids are Cedar Hills, Kenwood Park, 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 December 22, 2025, the average rent in Cedar Rapids is $812, which is 2.8% 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.
Cedar Hills
Average Rent
$825/Month
Year-Over-Year Rent Change
4.2%
TransitScore® Rating
24/100
Units Available
13 Rentals
Cedar Hills is an affordable neighborhood in Cedar Rapids with an average rent price of $825. Compare this to the city average of $812. In the past year, rent prices have increased by 4.2%. Cedar Hills provides easy access to The University of Iowa, Indian Creek Nature Center, and Wickiup Hill Outdoor Learning Center. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Kenwood Park
Average Rent
$992/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
24/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Cedar Rapids, Kenwood Park might be the perfect place! It has an average rent price of $992, while the city’s average stands at $812. In the last year, prices have decreased by 1.1%. Kenwood Park is near The Eastern Iowa, Town & Country Shopping Center, and Lindale Mall.
Downtown Cedar Rapids
Average Rent
$1,023/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
34/100
Units Available
58 Rentals
Downtown Cedar Rapids is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Cedar Rapids is $1,023 while the city average is $812. This is a -1.6% difference from last year. Residents enjoy convenient access to Vernon Heights Plaza, The Eastern Iowa, and The University of Iowa. The neighborhood is considered walkable with a WalkScore® of 75.
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.