Cheapest Neighborhoods in Cedar Rapids, IA
As of September 22, 2026, the average rent in Cedar Rapids is $867, which is 7.2% 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
$967/Month
Year-Over-Year Rent Change
4.3%
Units Available
26 Rentals
Cedar Hills is an affordable neighborhood in Cedar Rapids with an average rent price of $967. Compare this to the city average of $867. In the past year, rent prices have increased by 4.3%. Cedar Hills provides easy access to Kirkwood C.C., Iowa City, Wickiup Hill Outdoor Learning Center, and Mount Mercy University.
Downtown Cedar Rapids
Average Rent
$1,092/Month
Year-Over-Year Rent Change
5.4%
Units Available
35 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 $1,092, while the city’s average stands at $867. In the last year, prices have increased by 5.4%. Downtown Cedar Rapids is near Vernon Heights Plaza, Indian Creek Nature Center, and The University of 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.