
Cheap Apartments for Rent in the Downtown Cedar Falls Neighborhood of Cedar Falls, IA from $300 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Cedar Falls area of Cedar Falls.


2104 College St

803 W 20th St, Unit 4

2216 Merner Ave

Total Monthly Price
2116 Olive St

University Manor

1123 W 22nd St

803 W 20th St, Unit 2
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

2016 College St

Elmcrest

409 W 7th St

1315 College St

The Summit on College Hill

2022 College St

2020 College St

1604 College St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

2116 College St

1411-1411 Main St

1015 W 22nd St

Zion Flats

1803 Franklin St

421 Washington St

2007 College St

1918 Olive St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

1404 Main St

804 W 18th St

603 Iowa St

1804 College St

2020 College St

704 W 18th St

2110 Melrose Ct

1816 Walnut St
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.

119 Tremont St

1932 College 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 | $1,190 | $1,190 | $1,190 |
| Downtown Cedar Falls 1 Bedroom Apartments | $1,197 | $625 | $1,760 |
| Downtown Cedar Falls 2 Bedroom Apartments | $1,125 | $850 | $1,600 |
| Downtown Cedar Falls 3 Bedroom Apartments | $1,343 | $1,150 | $1,600 |
| Downtown Cedar Falls 4 Bedroom Apartments | $1,700 | $1,400 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 34 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 4 Beds unit found at Residences on College Hill priced from $350. 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 |
|---|---|---|---|
| Residences on College Hill | 4 Bed 1 Bath Apartment | 4BR,1BA | $350 |
| Elmcrest | 2 Bedrooms | 2BR,1BA | $950 |
| Zion Flats | Top Floor Unit | 1BR,1BA | $1,390 |
| State Street Riverfront | Lofted Studio | 1BR,1BA | $1,460 |
Best Value Apartments for Rent in Downtown Cedar Falls, IA
As of May 19, 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 Lofted Studio Model at State Street Riverfront starting at $1,460 with a $1.72 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 |
| State Street Riverfront | Lofted Studio | 1BR,1BA | $1.72 |
| 2116 Olive St | 2116 Olive St | 1BR,1BA | $0.95 |
| Elmcrest | 2 Bedrooms | 2BR,1BA | $1.38 |
| Zion Flats | Top Floor Unit | 1BR,1BA | $2.22 |
| Residences on College Hill | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.79 |
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 $895 at Residences on College Hill.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.