
Cheap Apartments for Rent in the Downtown Cedar Falls Neighborhood of Cedar Falls, IA from $300 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Cedar Falls area of Cedar Falls.


University Manor

2116 Olive St, Unit 1

123 E 7th St

1123 W 22nd St

2104 College St
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708-710-710 Bluff St

709 Walnut St

Elmcrest

2016 College St

1315 College St

220 Walnut St
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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.

2109 Walnut St, Unit WALNUT upper

2007 College St - Cedar Falls

1918 Olive St

804 W 18th St - Cedar Falls

1404 Main St

809 Grand Blvd
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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.

804 Iowa St

515 Franklin St
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 | $991 | $785 | $1,245 |
| Downtown Cedar Falls 1 Bedroom Apartments | $1,215 | $365 | $1,675 |
| Downtown Cedar Falls 2 Bedroom Apartments | $1,032 | $700 | $1,650 |
| Downtown Cedar Falls 3 Bedroom Apartments | $1,325 | $1,300 | $1,350 |
| Downtown Cedar Falls 4 Bedroom Apartments | $1,582 | $1,400 | $1,680 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Downtown Cedar Falls Neighborhood of Cedar Falls, IA.
See all Apartments in Cedar FallsExplore Cedar Falls
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 1 Bed unit found at University Manor priced from $770. Elmcrest has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Downtown Cedar Falls apartments for rent in Cedar Falls, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Manor | 1 BR/ 1 BA (NOW ) | 1BR,1BA | $770 |
| Elmcrest | 2 Bedrooms | 2BR,1BA | $950 |
| River Place | Studio @ 200 State | Studio,1BA | $1,150 |
| Arabella: 200 W 1st St - Cedar Falls | 1-Bed A | 1BR,1BA | $1,350 |
| State Street Riverfront | Lofted Studio | 1BR,1BA | $1,460 |
Best Value Apartments for Rent in Downtown Cedar Falls, IA
As of February 17, 2026 the best value apartment in the Downtown Cedar Falls area is the $1.82 price per square foot 1 Bedroom - 300s Model at State Street Riverfront in the in the Downtown Cedar Falls neighborhood starting from $1,510. The second greatest value Downtown Cedar Falls apartment is the 2116 Olive St Model at 2116 Olive St, Unit 1 starting at $815 with a $0.99 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. |
|---|---|---|---|
| State Street Riverfront | 1 Bedroom - 300s | 1BR,1BA | $1.82 |
| 2116 Olive St, Unit 1 | 2116 Olive St | 1BR,1BA | $0.99 |
| Elmcrest | 2 Bedrooms | 2BR,1BA | $1.38 |
| River Place | Studio @ 200 State | Studio ,1BA | $1.74 |
| University Manor | 1 BR/ 1 BA (NOW ) | 1BR,1BA | $1.26 |
| Arabella: 200 W 1st St - Cedar Falls | Furnished 1-Bed B | 1BR,1BA | $3.26 |
Frequently Asked Questions about Cheap Downtown Cedar Falls Apartments
How much is rent for a Cheap One Bedroom Downtown Cedar Falls Apartment?
The lowest price for a Cheap One Bedroom Downtown Cedar Falls Apartment is $770 at University Manor.
What is the lowest price for a Cheap Two Bedroom Downtown Cedar Falls Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Cedar Falls is starting from $950 at Elmcrest.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.