Cheap Apartments for Rent in Cedar Rapids, IA from $300 (125 Rentals)

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

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.

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property at 1716 D Ave NE

1716 D Ave NE

Cedar RapidsIA52402

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Cedar Rapids, IA Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Cedar Rapids, IA

Pricing Updated: 09/12/2025

Current apartment rentals in the Cedar Rapids, IA area range in price from $425 to $5,455 with an overall median price of $1,244. The three Cedar Rapids neighborhoods with the lowest median rent pricing are Grande Avenue at $615, Lincolnway Village at $425, and Cedar Hills at $555. 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
Grande Avenue$1,085$61531
Lincolnway Village$1,112$42523
Cedar Hills$1,125$55548
Oakhill Jackson$1,255$47070
Southwest Area$1,255$47056
Young's Hill$1,255$47066
Downtown Cedar Rapids$1,290$47059
Taylor$1,290$47034
Kenwood Park$1,295$44579
Mound View$1,295$62516

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
The Pointe at Cedar RapidsStonewood 1 bedroom1BR,1BA$543
Cedar Ridge Apartments1 bedroom1BR,1BA$545
Shamrock ApartmentsShamrock small 1 bedroom1BR,1BA$555
Apache Park1 Bedroom1BR,1BA$595
Woodcrest Apartments1BR/1BA1BR,1BA$600
The GardensOG 1br1BR,1BA$625
Forest Ridge Apartments1 Bedroom 1 Bath1BR,1BA$625

Best Value Apartments for Rent in Cedar Rapids, IA

As of September 12, 2025 the best value apartment in the Cedar Rapids area is the $0.83 price per square foot 2 Bedroom Flats Model at Regal Townhomes in the starting from $850. The second greatest value Cedar Rapids apartment is the 2 Beds, 1 bath Model at Asbury Court starting at $795 with a $0.86 price per square foot in the Mound View neighborhood. 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.
Regal Townhomes2 Bedroom Flats2BR,1BA$0.83
Asbury Court2 Beds, 1 bath2BR,1BA$0.86
Overlook 3802 Bedroom2BR,1BA$0.92
C Street Townhomes2 bedrrom -side by side townhome2BR,2BA$0.84
102 Oak St, Unit #4102 Oak St2BR,1BA$0.85
Country Club View2 BR / 1 BA2BR,1BA$0.88
3621 Dalewood Ave SE3621 Dalewood Ave SE2BR,1BA$0.94
North Ridge2 Beds, 1 Baths2BR,1BA$0.91
Cedar Ridge Apartments1 bedroom1BR,1BA$0.91
Grand View Apartments1bd1BR,1BA$0.82

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 $625.

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 $1,244.

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 304 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 $499 which is $745 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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.