
Cheap Apartments for Rent in Cedar Falls, IA from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Cedar Falls.


University Manor

2503 Olive St

Brentwood Estates - Furnished & Unfurnished

Park @ Nine23

Thunder Ridge Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

700 W Ridgeway Ave
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.

1106-1110 Kent Circle
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

How much does it cost to rent an apartment in Cedar Falls?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Cedar Falls Studio Apartments | $1,014 | $900 | $1,150 |
Cheap Cedar Falls 1 Bedroom Apartments | $1,021 | $720 | $1,575 |
Cheap Cedar Falls 2 Bedroom Apartments | $1,285 | $525 | $3,433 |
Cheap Cedar Falls 3 Bedroom Apartments | $1,261 | $800 | $1,950 |
Cheap Cedar Falls 4 Bedroom Apartments | $1,083 | $295 | $1,600 |
Browse Top Apartments in Cedar Falls
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Cedar Falls, IA Local Guide
- Cedar Falls Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Cedar Falls, IA
Pricing Updated: 06/11/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Downtown Cedar Falls | $1,300 | $295 | 46 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Residences on College Hill | Private 1-Bedroom Apartment in a Spacious 4-Bed... | 4BR,1BA | $295 |
2321 Iowa St - Cedar Falls | 1BR/1.0BA | 1BR,1BA | $750 |
University Manor | 1 BR/ 1 BA (Sept'25 ) | 1BR,1BA | $770 |
Gold Falls Villa Apartments | 2BR/1 Bath | 2BR,1BA | $815 |
Thunder Ridge Apartments | 1 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Willow Falls Apartments | 1st Floor | 2BR,2BA | $1.52 |
2116 Olive St, Unit 2 | 2116 Olive St | 2BR,1BA | $0.96 |
620 W Seerley Blvd, Unit 1 | 620 W Seerley Blvd | 3BR,1BA | $1.15 |
Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.00 |
Greenhill Fountains | Phase 2 - 2 Bedroom 1 Bath | 2BR,1BA | $1.35 |
Gold Falls Villa Apartments | 2BR/1 Bath | 2BR,1BA | $1.04 |
Thunder Ridge Apartments | Furnished 1 Bedroom/1 Bath Apartment | 1BR,1BA | $1.56 |
University Manor | 1 BR/ 1 BA (Sept'25 ) | 1BR,1BA | $1.26 |
Brentwood Estates - Furnished & Unfurnished | Beautiful furnished 1 bedroom/1 bath apartment ... | 1BR,1BA | $1.49 |
2321 Iowa St - Cedar Falls | 1BR/1.0BA | 1BR,1BA | $1.34 |
Quick Rent Budget Calculator
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Best Local Schools in Cedar Falls, IA
Cedar Falls High School
Holmes Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Cedar Falls, IA Rentals by Map
See the most popular apartments and homes in Cedar Falls, IA
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

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.

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.

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.