Cheap Apartments for Rent in the Downtown Cedar Falls Neighborhood of Cedar Falls, IA from $400 (24 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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2007 College St
1 to 3 Bedroom Apartments

2007 College St

2007 College StCedar Falls, IA 50613
Student Housing
  • Utilities Included
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Walnut St 2115
1 to 2 Bedroom Apartments

Walnut St 2115

2115 Walnut StCedar Falls, IA 50613

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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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804 W 18th St
2 to 3 Bedroom Apartments

804 W 18th St

804 W 18th StCedar Falls, IA 50613
Student Housing
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1404 Main St
1 to 2 Bedroom Apartments

1404 Main St

1404 Main StCedar Falls, IA 50613
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Elmcrest
2 Bedroom Apartments

Elmcrest

1706-1720 Waterloo RdCedar Falls, IA 50613
  • Utilities Included
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1804 College St
1 to 3 Bedroom Apartments

1804 College St

1804 College StCedar Falls, IA 50613
Student Housing
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2020 College St
1 to 3 Bedroom Apartments

2020 College St

2020 College StCedar Falls, IA 50613
Student Housing
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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 ListingModel NameBed/BathPriced From
The Residences on College Hill4 Bed 1 Bath-W/D In Unit4BR,1BA$299
University Manor1 BR/ 1 BA (Aug '25)1BR,1BA$815
The Summit on College HillStudio Type 6 (ADA)Studio,1BA$1,190
Zion FlatsGround Level Unit1BR,1BA$1,380
State Street RiverfrontLofted Studio1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1003 Bluff St, Unit 1003 Bluff St1003 Bluff St4BR,2BA$0.97
Campus Townhomes3BR/2.0BA3BR,2BA$1.04
1009 W 22nd St1009 W 22nd St2BR,2BA$0.70
State Street RiverfrontLofted Studio1BR,1BA$1.72
University Manor1 BR/ 1 BA (Aug '25)1BR,1BA$1.27
Zion FlatsGround Level Unit1BR,1BA$2.21
The Residences on College Hill1 Bed 1 Bath Apartment1BR,1BA$1.79
Arabella: 200 W 1st St - Cedar Falls1-Bed D1BR,1BA$3.24
The Summit on College HillStudio Type 1Studio ,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

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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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.