
Cheap Apartments for Rent in the Downtown Cedar Falls Neighborhood of Cedar Falls, IA from $400 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Cedar Falls area of Cedar Falls.


2107 Olive St

201 Main St

611 W 12th St, Unit A

University Manor

1632 Waterloo Rd

321 Clay St

123 E 7th St
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The Summit on College Hill

1012 Clay St

210 Iowa St, Unit #4

2020 College St

1604 College St

1316 Main St, Unit 1

2007 College St

Walnut St 2115
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603 Iowa St

804 W 18th St

1404 Main St

Elmcrest

1804 College St

2020 College St

709 W 21st St

119 Tremont St
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Downtown Cedar Falls, Cedar Falls, IA Local Guide

How much does it cost to rent an apartment in Downtown Cedar Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Cedar Falls Studio Apartments | $1,190 | $1,190 | $1,190 |
| Downtown Cedar Falls 1 Bedroom Apartments | $1,103 | $420 | $1,570 |
| Downtown Cedar Falls 2 Bedroom Apartments | $1,332 | $840 | $1,850 |
| Downtown Cedar Falls 3 Bedroom Apartments | $1,277 | $1,115 | $1,350 |
| Downtown Cedar Falls 4 Bedroom Apartments | $1,878 | $1,400 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the Downtown Cedar Falls Neighborhood of Cedar Falls, IA.
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Cheapest Available Downtown Cedar Falls Apartments for Rent
 The cheapest available apartment rental in the Downtown Cedar Falls area of Cedar Falls, IA is a 4 Beds unit found at The Residences on College Hill priced from $299. University Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here are the most affordable Downtown Cedar Falls apartments for rent in Cedar Falls, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Residences on College Hill | 4 Bed 1 Bath-W/D In Unit | 4BR,1BA | $299 |
| University Manor | 1 BR/ 1 BA (Aug '25) | 1BR,1BA | $815 |
| The Summit on College Hill | Studio Type 6 (ADA) | Studio,1BA | $1,190 |
| Zion Flats | Ground Level Unit | 1BR,1BA | $1,380 |
| State Street Riverfront | Lofted Studio | 1BR,1BA | $1,460 |
Best Value Apartments for Rent in Downtown Cedar Falls, IA
As of August 17, 2026 the best value apartment in the Downtown Cedar Falls area is the $0.97 price per square foot 1003 Bluff St Model at 1003 Bluff St, Unit 1003 Bluff St in the in the Downtown Cedar Falls neighborhood starting from $1,600. The second greatest value Downtown Cedar Falls apartment is the 3BR/2.0BA Model at Campus Townhomes starting at $1,350 with a $1.04 price per square foot in the Downtown Cedar Falls neighborhood. Here is today’s list of the best values for Downtown Cedar Falls apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1003 Bluff St, Unit 1003 Bluff St | 1003 Bluff St | 4BR,2BA | $0.97 |
| Campus Townhomes | 3BR/2.0BA | 3BR,2BA | $1.04 |
| 1009 W 22nd St | 1009 W 22nd St | 2BR,2BA | $0.70 |
| State Street Riverfront | Lofted Studio | 1BR,1BA | $1.72 |
| University Manor | 1 BR/ 1 BA (Aug '25) | 1BR,1BA | $1.27 |
| Zion Flats | Ground Level Unit | 1BR,1BA | $2.21 |
| The Residences on College Hill | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.79 |
| Arabella: 200 W 1st St - Cedar Falls | 1-Bed D | 1BR,1BA | $3.24 |
| The Summit on College Hill | Studio Type 1 | Studio ,1BA | $2.64 |
Frequently Asked Questions about Cheap Downtown Cedar Falls Apartments
What is a cheap apartment in Downtown Cedar Falls?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Cedar Falls is under $1,470.
What is the price of a cheap apartment in Downtown Cedar Falls?
The cheapest apartment in Downtown Cedar Falls is University Manor which is listed at $815, while the average apartment in Downtown Cedar Falls costs $1,300.
What types of apartments are the cheapest in Downtown 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 16 regular apartments in Downtown 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 Downtown Cedar Falls?
Cheap apartments in Downtown Cedar Falls have an average cost of $1,005 which is $295 cheaper than the average rent for all rentals in Downtown Cedar Falls.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.