Cheap Apartments for Rent in Cedar Rapids, IA from $300 (147 Rentals)

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

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.

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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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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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Cedar Rapids, IA Local Guide

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Cheapest Neighborhoods for Apartments in Cedar Rapids, IA

Pricing Updated: 04/29/2026

Current apartment rentals in the Cedar Rapids, IA area range in price from $425 to $2,912 with an overall median price of $1,331. The three Cedar Rapids neighborhoods with the lowest median rent pricing are Grande Avenue at $725, Cedar Hills at $560, and Kenwood Park at $525. 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$1,050$7251
Cedar Hills$1,200$56015
Kenwood Park$1,215$52540
Mound View$1,295$6408
Usher's Ferry Historic Village$1,295$56023
Oakhill Jackson$1,350$52530
Young's Hill$1,350$56524
Wellington Heights$1,372$52533
Taylor$1,375$6954
Northwest Area$1,390$56532

Cheapest Available Cedar Rapids Apartments for Rent

 

The cheapest available apartment rental in Cedar Rapids, IA is a 1 Bed unit found at Azure Apartments priced from $500. Country Club View in the Wellington Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Cedar Rapids apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Azure Apartments1bd1BR,1BA$500
Country Club View1 BR/ BA1BR,1BA$525
Wedgewood Apartments1 Bedroom1BR,1BA$555
Shamrock ApartmentsShamrock small 1 bedroom1BR,1BA$560
Village2 Bedroom2BR,1BA$565
Goldfinch Meadows1 BR/ 1 BA1BR,1BA$580
Apache Park1 Bedroom1BR,1BA$595
Forest Ridge Apartments1 Bedroom 1 Bath1BR,1BA$640
Southview ApartmentsSouthview 1 bedroom Classic1BR,1BA$650

Best Value Apartments for Rent in Cedar Rapids, IA

As of April 29, 2026 the best value apartment in the Cedar Rapids area is the $0.78 price per square foot 2 Bedroom Model at The Roosevelt in the in the Young's Hill neighborhood starting from $886. The second greatest value Cedar Rapids apartment is the 2x2 Model at CR Legacy starting at $695 with a $0.72 price per square foot in the Corridor Ridge 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.
The Roosevelt2 Bedroom2BR,2BA$0.78
CR Legacy2x23BR,2BA$0.72
Asbury Court2 Beds, 1 bath2BR,1BA$0.86
Meadowview Apartments2BR/1.0BA2BR,1BA$1.00
ARRO Senior (55+) ApartmentsTwo Bedroom2BR,1BA$0.96
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$0.79
Apache Park1 Bedroom1BR,1BA$0.99
Azure Apartments1bd1BR,1BA$0.96

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

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.

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Cedar Rapids, IA

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

Explore Cedar Rapids, IA Rentals by Map

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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 $650.

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

The cheapest apartment in Cedar Rapids is Azure Apartments which is listed at $500, while the average apartment in Cedar Rapids costs $1,331.

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 27 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 $261 which is $1,070 cheaper than the average rent for all rentals in Cedar Rapids.

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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.