Cheap Homes for Rent in Downtown Cedar Falls Neighborhood of Cedar Falls, IA from $800 (11 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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property at 2103 Olive St

$1,248

Total Monthly Price

Total Monthly Price

Base Rent
$1,248

Total Monthly Price
$1,248

3 Bedroom, 1 Bath Home for Rent

Available May 20

2103 Olive St

Cedar FallsIA50613

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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 $365. 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 ListingModel NameBed/BathPriced From
Residences on College HillRoommate Matching – Private Bedroom in 4BR – On...4BR,1BA$365
University Manor1 BR/ 1 BA (NOW )1BR,1BA$770
Elmcrest2 Bedrooms2BR,1BA$950
River PlaceStudio @ 200 StateStudio,1BA$1,150
Arabella: 200 W 1st St - Cedar Falls1-Bed B1BR,1BA$1,350

Best Value Apartments for Rent in Downtown Cedar Falls, IA

As of March 07, 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 Bedroom Apartment Near UNI — Only $1,400/mo (... Model at Residences on College Hill starting at $1,400 with a $1.56 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.
1003 Bluff St, Unit 1003 Bluff St1003 Bluff St4BR,2BA$0.97
Residences on College Hill4 Bedroom Apartment Near UNI — Only $1,400/mo (...4BR,1BA$1.56
State Street RiverfrontLofted Studio1BR,1BA$1.72
2116 Olive St2116 Olive St1BR,1BA$0.98
Elmcrest2 Bedrooms2BR,1BA$1.38
River PlaceStudio @ 200 StateStudio ,1BA$1.74
University Manor1 BR/ 1 BA (NOW )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 39 Apartments for Rent in Downtown Cedar Falls, IA with pricing that ranges from $365 to $1,650. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Cedar Falls ranging from $800 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 $800 to $2,800 with an average monthly rent of $1,566.

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 $1,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $365.

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

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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.

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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.

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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.