Best Affordable Neighborhoods in Cedar Rapids, IA
Some of the cheapest neighborhoods in Cedar Rapids are Kingston District, 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 March 24, 2026, the average rent in Cedar Rapids is $829, which is 5.1% 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.
Kingston District
Average Rent
$896/Month
Units Available
10 Rentals
Kingston District is an affordable neighborhood in Cedar Rapids with an average rent price of $896. Compare this to the city average of $829. Kingston District provides easy access to Mount Mercy University, Palisades-Kepler State Park, and The Eastern Iowa.
Cedar Hills
Average Rent
$909/Month
Year-Over-Year Rent Change
3.7%
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Cedar Rapids, Cedar Hills might be the perfect place! It has an average rent price of $909, while the city’s average stands at $829. In the last year, prices have increased by 3.7%. Cedar Hills is near Edgewood Plaza, Cypress Plaza, and Mount Mercy University.
Downtown Cedar Rapids
Average Rent
$1,081/Month
Year-Over-Year Rent Change
0.6%
Units Available
139 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 $1,081 while the city average is $829. This is a 0.6% difference from last year. Residents enjoy convenient access to Indian Creek Nature Center, Edgewood Plaza, and Palisades-Kepler State Park.
Oakhill Jackson
Average Rent
$1,260/Month
Year-Over-Year Rent Change
1.3%
Units Available
53 Rentals
When you’re looking for a great Cedar Rapids neighborhood on a budget, check out Oakhill Jackson. The average rent is $1,260, compared to the city average of $829. Rent prices have increased by 1.3%. Oakhill Jackson is convenient to Vernon Heights Plaza, Palisades-Dow Observatory, and Duchess Plaza.
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.