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 May 8, 2026, the average rent in Cedar Rapids is $841, which is 4.7% 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
$888/Month
Year-Over-Year Rent Change
3.6%
Units Available
19 Rentals
Cedar Hills is an affordable neighborhood in Cedar Rapids with an average rent price of $888. Compare this to the city average of $841. In the past year, rent prices have increased by 3.6%. Cedar Hills provides easy access to The University of Iowa, Wickiup Hill Outdoor Learning Center, and Kirkwood C.C., Iowa City.
Downtown Cedar Rapids
Average Rent
$1,029/Month
Year-Over-Year Rent Change
0.3%
Units Available
92 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 $1,029, while the city’s average stands at $841. In the last year, prices have increased by 0.3%. Downtown Cedar Rapids is near Kirkwood C.C., Iowa City, The University of Iowa, and Wickiup Hill Outdoor Learning Center.
Oakhill Jackson
Average Rent
$1,276/Month
Year-Over-Year Rent Change
2.9%
Units Available
23 Rentals
Oakhill Jackson is a top choice for budget-conscious renters for a variety of reasons. The average rent in Oakhill Jackson is $1,276 while the city average is $841. This is a 2.9% difference from last year. Residents enjoy convenient access to Indian Creek Nature Center, Wickiup Hill Outdoor Learning Center, and Palisades-Kepler State Park.
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.