Cheap Apartments for Rent in Cedar Falls, IA from $500 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in Cedar Falls.

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2723 Terrace Drive
1 Bedroom Apartments

2723 Terrace Drive

2723 Terrace DrCedar Falls, IA 50613
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Cedar Square
2 to 3 Bedroom Apartments

Cedar Square

1813 W 8th StCedar Falls, IA 50613
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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804 W 18th St
3 Bedroom Apartments

804 W 18th St

804 W 18th StCedar Falls, IA 50613
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1937 Pinehurst Ln
1 Bedroom Apartments

1937 Pinehurst Ln

1937 Pinehurst LnWaterloo, IA 50701
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1637 Carriage Hill Dr
2 Bedroom Apartments

1637 Carriage Hill Dr

1637 Carriage Hill DrWaterloo, IA 50701
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Westwood Apartments
2 Bedroom Apartments

Westwood Apartments

3270-3320 W 4th StWaterloo, IA 50701
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4th Street Manor
2 Bedroom Apartments

4th Street Manor

3805-3807 W 4th StWaterloo, IA 50701

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Cedar Falls, IA Local Guide

Cheapest Neighborhoods for Apartments in Cedar Falls, IA

Pricing Updated: 06/11/2025

Current apartment rentals in the Cedar Falls, IA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Cedar Falls Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Cedar Falls$1,300$29546

Cheapest Available Cedar Falls Apartments for Rent

 

The cheapest available apartment rental in Cedar Falls, IA is a 4 Beds unit found at Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $295. 2321 Iowa St - Cedar Falls has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Cedar Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Residences on College HillPrivate 1-Bedroom Apartment in a Spacious 4-Bed...4BR,1BA$295
2321 Iowa St - Cedar Falls1BR/1.0BA1BR,1BA$750
University Manor1 BR/ 1 BA (Sept'25 )1BR,1BA$770
Gold Falls Villa Apartments2BR/1 Bath2BR,1BA$815
Thunder Ridge Apartments1 Bedroom/1 Bath Apartment - Top Rated Thunder ...1BR,1BA$895

Best Value Apartments for Rent in Cedar Falls, IA

As of June 11, 2025 the best value apartment in the Cedar Falls area is the $1.52 price per square foot 1st Floor Model at Willow Falls Apartments in the in the Downtown Cedar Falls neighborhood starting from $1,600. The second greatest value Cedar Falls apartment is the 2116 Olive St Model at 2116 Olive St, Unit 2 starting at $985 with a $0.96 price per square foot in the Downtown Cedar Falls neighborhood. Here is today’s list of the best values for Cedar Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Willow Falls Apartments1st Floor2BR,2BA$1.52
2116 Olive St, Unit 22116 Olive St2BR,1BA$0.96
620 W Seerley Blvd, Unit 1620 W Seerley Blvd3BR,1BA$1.15
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
Greenhill FountainsPhase 2 - 2 Bedroom 1 Bath2BR,1BA$1.35
Gold Falls Villa Apartments2BR/1 Bath2BR,1BA$1.04
Thunder Ridge ApartmentsFurnished 1 Bedroom/1 Bath Apartment1BR,1BA$1.56
University Manor1 BR/ 1 BA (Sept'25 )1BR,1BA$1.26
Brentwood Estates - Furnished & UnfurnishedBeautiful furnished 1 bedroom/1 bath apartment ...1BR,1BA$1.49
2321 Iowa St - Cedar Falls1BR/1.0BA1BR,1BA$1.34

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Cedar Falls, IA Rentals by Map

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Getting Around Cedar Falls, IA

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

61 / 100

Bikeable

Some bike infrastructure

Transit Score®

20 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Cedar Falls Apartments

What is a cheap apartment in Cedar Falls?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cedar Falls is under $975.

What is the price of a cheap apartment in Cedar Falls?

The cheapest apartment in Cedar Falls is 2321 Iowa St - Cedar Falls which is listed at $750, while the average apartment in Cedar Falls costs $1,300.

What types of apartments are the cheapest in Cedar Falls?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Cedar Falls that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Cedar Falls?

Cheap apartments in Cedar Falls have an average cost of $389 which is $911 cheaper than the average rent for all rentals in Cedar Falls.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.