Cheap Apartments for Rent in Cedar Rapids, IA from $300 (123 Rentals)

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Search the lowest-cost Apartments available for rent right now in Cedar Rapids.

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Cedar Rapids, IA Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Cedar Rapids, IA

Pricing Updated: 06/14/2025

Current apartment rentals in the Cedar Rapids, IA area range in price from $425 to $2,625 with an overall median price of $1,664. The three Cedar Rapids neighborhoods with the lowest median rent pricing are Cedar Hills at $555, Young's Hill at $470, and Oakhill Jackson at $690. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Cedar Rapids Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Cedar Hills$1,150$55539
Young's Hill$1,170$47086
Oakhill Jackson$1,250$69043
Taylor$1,260$47050
Lincolnway Village$1,275$42513
Downtown Cedar Rapids$1,330$47068
Usher's Ferry Historic Village$1,330$47073
Northwest Area$1,400$470114
Southwest Area$1,458$47069
Wellington Heights$2,137$470118

Cheapest Available Cedar Rapids Apartments for Rent

 

The cheapest available apartment rental in Cedar Rapids, IA is a 1 Bed unit found at Grand View Apartments priced from $440. Wedgewood Apartments in the Kenwood Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $445. Here is today’s list of the most affordable Cedar Rapids apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grand View Apartments1bd1BR,1BA$440
Wedgewood Apartments1 Bedroom1BR,1BA$445
Azure Apartments1bd1BR,1BA$495
Country Club View1 BR/ BA1BR,1BA$525
Cedar Ridge Apartments1 bedroom1BR,1BA$545
Shamrock ApartmentsShamrock small 1 bedroom1BR,1BA$555
The Pointe at Cedar RapidsStonewood 1 bedroom1BR,1BA$593
The GardensOG 1br ORIGINAL1BR,1BA$595
Apache Park1 Bedroom1BR,1BA$595
1810 A Ave NE1 Beds, 1 Baths1BR,1BA$595

Best Value Apartments for Rent in Cedar Rapids, IA

As of June 14, 2025 the best value apartment in the Cedar Rapids area is the $0.90 price per square foot 3 Bedroom Townhouse Model at Anderson Greene I in the in the Lincolnway Village neighborhood starting from $1,225. The second greatest value Cedar Rapids apartment is the 2 Bedroom Flats Model at Regal Townhomes starting at $850 with a $0.83 price per square foot . Here is today’s list of the best values for Cedar Rapids apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Anderson Greene I3 Bedroom Townhouse3BR,1.5BA$0.90
Regal Townhomes2 Bedroom Flats2BR,1BA$0.83
Crestwood Ridge Apartments2 Beds, 2 baths2BR,2BA$0.76
C Street Townhomes2 bedrrom -side by side townhome2BR,2BA$0.84
102 Oak St, Unit #4102 Oak St2BR,1BA$0.85
North Ridge2 Beds, 1 Baths2BR,1BA$0.91
Country Club View1 BR/ BA1BR,1BA$0.70
Cedar Ridge Apartments1 bedroom1BR,1BA$0.91
Grand View Apartments1bd1BR,1BA$0.82
Azure Apartments1bd1BR,1BA$0.95

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Cedar Rapids Overview

Interested in an apartment in Cedar Rapids? There are plenty of worthy apartments to choose from in this beautiful mid-western city. Cedar Rapids is the second largest city in Iowa so you’ll find plenty to do and a vast employment landscape to explore. The scenic Cedar River cuts through the city, adding natural intrigue and character to its surroundings.

Why live in Cedar Rapids, IA?

If you decide on one of the many Cedar Rapids apartments available, you’ll have a desirable place to call home. The city features an attractive downtown area, has a low cost of living compared to other US cities and is rich in culture and arts. The city features an art museum and a symphony. Your new home will be the perfect place to stay active whether you like to walk, jog, play tennis or bike. You’ll also be only a short drive from rural living whenever you need a break.

Cedar Rapids, IA
Population: 133,174

Ranked #209

in US Census Population by City

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Best Local Schools in
Cedar Rapids, IA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Cedar Rapids, IA Rentals by Map

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See the most popular apartments and homes in Cedar Rapids, IA

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Getting Around Cedar Rapids, IA

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

23 / 100

Minimal Transit

It may be possible to get on a bus

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 Cedar Rapids Apartments

What is a cheap apartment in Cedar Rapids?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cedar Rapids is under $595.

What is the price of a cheap apartment in Cedar Rapids?

The cheapest apartment in Cedar Rapids is Grand View Apartments which is listed at $440, while the average apartment in Cedar Rapids costs $1,664.

What types of apartments are the cheapest in Cedar Rapids?

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 222 regular apartments in Cedar Rapids that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Cedar Rapids?

Cheap apartments in Cedar Rapids have an average cost of $303 which is $1,361 cheaper than the average rent for all rentals in Cedar Rapids.

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.

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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.

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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.