
Cheap Homes for Rent in Downtown Cedar Falls Neighborhood of Cedar Falls, IA from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Cedar Falls area of Cedar Falls.


603 Iowa St

409 W 7th St

2103 Olive St

2110 Melrose Ct
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.

704 W 18th St

1816 Walnut St

119 Tremont St

1932 College St

421 Washington 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.
Downtown Cedar Falls, Cedar Falls, IA Local Guide

How much does it cost to rent a home in Downtown Cedar Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Cedar Falls 2 Bedroom Homes for Rent | $1,537 | $900 | $2,090 |
| Downtown Cedar Falls 3 Bedroom Homes for Rent | $1,641 | $1,200 | $2,200 |
| Downtown Cedar Falls 4 Bedroom Homes for Rent | $1,710 | $1,250 | $2,100 |
| Downtown Cedar Falls 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Downtown Cedar Falls Neighborhood of Cedar Falls, IA.
Explore 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 The Residences on College Hill priced from $350. 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 Apartment | 4BR,1BA | $350 |
| University Manor | 1 BR/ 1 BA (June & Aug '25) | 1BR,1BA | $815 |
| Elmcrest | 2 Bedrooms | 2BR,1BA | $950 |
Best Value Apartments for Rent in Downtown Cedar Falls, IA
As of June 05, 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 4 Bed 2 Bath Model at The Summit on College Hill starting at $2,400 with a $2.12 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 |
| The Summit on College Hill | 4 Bed 2 Bath | 4BR,2BA | $2.12 |
| 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 |
| University Manor | 1 BR/ 1 BA (June & Aug '25) | 1BR,1BA | $1.27 |
| Zion Flats | Ground Level Unit | 1BR,1BA | $2.27 |
| The Residences on College Hill | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.79 |
| Arabella: 200 W 1st St - Cedar Falls | Furnished 1-Bed A | 1BR,1BA | $3.28 |
Frequently Asked Questions about Downtown Cedar Falls
What type of rentals are currently available in Downtown Cedar Falls?
There are currently 42 Apartments for Rent in Downtown Cedar Falls, IA with pricing that ranges from $625 to $2,400. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Cedar Falls ranging from $750 to $2,800.
What is the current price range for Rental Homes in Downtown Cedar Falls?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Cedar Falls ranges from $750 to $2,800 with an average monthly rent of $1,687.
How much are larger Three and Four Bedroom Rentals in Downtown Cedar Falls?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Cedar Falls range from $1,300 to $1,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,400.
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

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.