Cheapest Neighborhoods in Cedar Rapids, IA
As of August 7, 2026, the average rent in Cedar Rapids is $867, which is 7.3% 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
$923/Month
Year-Over-Year Rent Change
2.9%
Units Available
24 Rentals
Cedar Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cedar Hills is $923 while the city average is $867. This is a 2.9% difference from last year. Residents enjoy convenient access to Cedar Hills Shopping Center, The Eastern Iowa, and Cypress Plaza.
Downtown Cedar Rapids
Average Rent
$1,075/Month
Year-Over-Year Rent Change
6.7%
Units Available
72 Rentals
When you’re looking for a great Cedar Rapids neighborhood on a budget, check out Downtown Cedar Rapids. The average rent is $1,075, compared to the city average of $867. Rent prices have increased by 6.7%. Downtown Cedar Rapids is convenient to The University of Iowa, Duchess Plaza, and The Eastern Iowa.
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.