Cheap Homes for Rent in Downtown Cedar Falls Neighborhood of Cedar Falls, IA from $1,200 (16 Rentals)

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

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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 1 Bed unit found at University Manor priced from $770. Residences on College Hill has the second lowest priced unit, which is a 4 Beds apartment currently listed from $895. Here are the most affordable Downtown Cedar Falls apartments for rent in Cedar Falls, IA:

Apartment ListingModel NameBed/BathPriced From
University Manor1 BR/ 1 BA (Dec'25 and Jan' 26 )1BR,1BA$770
Residences on College Hill4 Bedroom Apartment Near UNI — Only $1,400/mo (...4BR,1BA$895
Elmcrest2 Bedrooms2BR,1BA$950
River PlaceStudio @ 200 StateStudio,1BA$1,160
Arabella: 200 W 1st St - Cedar Falls1-Bed A1BR,1BA$1,290

Best Value Apartments for Rent in Downtown Cedar Falls, IA

As of January 20, 2026 the best value apartment in the Downtown Cedar Falls area is the $0.99 price per square foot 4 Bedroom Apartment Near UNI — Only $1,400/mo (... Model at Residences on College Hill in the in the Downtown Cedar Falls neighborhood starting from $895. The second greatest value Downtown Cedar Falls apartment is the 1 Bedroom - 300s Model at State Street Riverfront starting at $1,510 with a $1.82 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.
Residences on College Hill4 Bedroom Apartment Near UNI — Only $1,400/mo (...4BR,1BA$0.99
State Street Riverfront1 Bedroom - 300s1BR,1BA$1.82
2116 Olive St, Unit 12116 Olive St1BR,1BA$0.99
Elmcrest2 Bedrooms2BR,1BA$1.38
River PlaceStudio @ 200 StateStudio ,1BA$1.76
University Manor1 BR/ 1 BA (Dec'25 and Jan' 26 )1BR,1BA$1.26
Arabella: 200 W 1st St - Cedar FallsFurnished 1-Bed B1BR,1BA$3.26

Frequently Asked Questions about Downtown Cedar Falls

What type of rentals are currently available in Downtown Cedar Falls?

There are currently 37 Apartments for Rent in Downtown Cedar Falls, IA with pricing that ranges from $365 to $1,650. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Cedar Falls ranging from $1,200 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 $1,200 to $2,800 with an average monthly rent of $1,778.

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 $915 to $1,350, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $1,650. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $895.

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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!