201 Main St
Cedar FallsIA50613
Cheap Apartments for Rent in the Downtown Cedar Falls Neighborhood of Cedar Falls, IA from $500 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Cedar Falls area of Cedar Falls.
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from $770Studio to 2 Bedroom Apartments Available Now
University Manor
1939 College StCedar Falls, IA 50613
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Rent Specials
from $8901 to 2 Bedroom Apartments Available Now
Park @ Nine23
923 Maplewood DrCedar Falls, IA 50613
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.
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from $8951 to 2 Bedroom Apartments Available Now
Thunder Ridge Apartments
2206 Thunder Ridge BlvdCedar 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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Downtown Cedar Falls, Cedar Falls, IA Local Guide
Big Woods Lake Sunset by Tony Webster is licensed under CC BY 2.0
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 | $1,003 | $900 | $1,150 |
| Downtown Cedar Falls 1 Bedroom Apartments | $1,037 | $625 | $1,575 |
| Downtown Cedar Falls 2 Bedroom Apartments | $1,301 | $525 | $3,433 |
| Downtown Cedar Falls 3 Bedroom Apartments | $1,287 | $1,050 | $1,500 |
| Downtown Cedar Falls 4 Bedroom Apartments | $1,030 | $295 | $1,600 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Downtown Cedar Falls Neighborhood of Cedar Falls, IA.
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Downtown Cedar Falls, Cedar Falls, IA Local Guide
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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 Residences on College Hill priced from $295. University Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $770. Here are the most affordable Downtown Cedar Falls apartments for rent in Cedar Falls, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Residences on College Hill | Private 1-Bedroom Apartment in a Spacious 4-Bed... | 4BR,1BA | $295 |
| University Manor | 1 BR/ 1 BA (Sept'25 ) | 1BR,1BA | $770 |
| Thunder Ridge Apartments | TR 1bed/1bath | 1BR,1BA | $895 |
Best Value Apartments for Rent in Downtown Cedar Falls, IA
As of June 14, 2025 the best value apartment in the Downtown Cedar Falls area is the $2.15 price per square foot XL 2 Bedroom @ 250 Model at River Place in the in the Downtown Cedar Falls neighborhood starting from $3,433. The second greatest value Downtown Cedar Falls apartment is the 1st Floor Model at Willow Falls Apartments starting at $1,600 with a $1.52 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. |
|---|---|---|---|
| River Place | XL 2 Bedroom @ 250 | 2BR,2BA | $2.15 |
| Willow Falls Apartments | 1st Floor | 2BR,2BA | $1.52 |
| 2116 Olive St, Unit 2 | 2116 Olive St | 2BR,1BA | $0.96 |
| 921 W 20th St, Unit 2 | 921 W 20th St | 4BR,2BA | $1.63 |
| Thunder Ridge Apartments | Furnished 1 Bedroom/1 Bath Apartment | 1BR,1BA | $1.56 |
| The Residence @ Willow Falls | 1 Bed A w/Balcony | 1BR,1BA | $2.31 |
| University Manor | 1 BR/ 1 BA (Sept'25 ) | 1BR,1BA | $1.26 |
| Park @ Nine23 | A2sc_RENO | 1BR,1BA | $1.69 |
| Residences on College Hill | Cozy 1-Bedroom Apartment in Prime College Hill ... | 1BR,1BA | $1.59 |
| Falls Edge Studios | Studio C | Studio ,1BA | $2.97 |
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Pet Friendly LifestyleDowntown Cedar Falls, Cedar Falls, IA
Ranked #1
Among neighborhoods in Cedar Falls, IA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Downtown Cedar Falls Neighborhood in Cedar Falls, IA
Walk Score®
77 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
82 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
26 / 100
Some Transit
A few nearby public transportation options
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 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 $3,433.
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 $770, 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 15 regular apartments in Downtown Cedar Falls that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.