Best Affordable Neighborhoods in Cedar Rapids, IA
Some of the cheapest neighborhoods in Cedar Rapids are Cedar Hills, Downtown Cedar Rapids, and Oakhill Jackson. These neighborhoods offer some of the lowest rent prices in Cedar Rapids, making them ideal for renters on a budget. As of February 6, 2026, the average rent in Cedar Rapids is $815, which is 3.3% 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
$940/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
24/100
Units Available
28 Rentals
When you’re looking for a great Cedar Rapids neighborhood on a budget, check out Cedar Hills. The average rent is $940, compared to the city average of $815. Rent prices have increased by 2.7%. Cedar Hills is convenient to Cypress Plaza, The Eastern Iowa, and Kirkwood C.C., Cedar Rapids. The community is somewhat walkable with a WalkScore® of 60.
Downtown Cedar Rapids
Average Rent
$1,106/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
34/100
Units Available
147 Rentals
Downtown Cedar Rapids is an affordable neighborhood in Cedar Rapids with an average rent price of $1,106. Compare this to the city average of $815. In the past year, rent prices have increased by 1.7%. Downtown Cedar Rapids provides easy access to The Eastern Iowa, Wickiup Hill Outdoor Learning Center, and Edgewood Plaza. It’s a walkable neighborhood with a WalkScore® of 75.
Oakhill Jackson
Average Rent
$1,260/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
30/100
Units Available
70 Rentals
If you’re looking for a great, affordable neighborhood in Cedar Rapids, Oakhill Jackson might be the perfect place! It has an average rent price of $1,260, while the city’s average stands at $815. In the last year, prices have increased by 0.6%. Oakhill Jackson is near Vernon Heights Plaza, The Eastern Iowa, and Palisades-Dow Observatory.
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.