Cheap Apartments for Rent in the Downtown Cedar Rapids Neighborhood of Cedar Rapids, IA from $400 (45 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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318 18th St NE
1 Bedroom Apartments

318 18th St NE

318 18th St NECedar Rapids, IA 52402
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Apartments of Oakland Rd
1 to 2 Bedroom Apartments

Apartments of Oakland Rd

1112 Oakland Rd NECedar Rapids, IA 52402
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Westgate Apartments
1 to 2 Bedroom Apartments

Westgate Apartments

802-816 15th Ave SWCedar Rapids, IA 52404
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Westhill Apartments
2 Bedroom Apartments

Westhill Apartments

1610 Seminole Ave NWCedar Rapids, IA 52405
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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906 C Ave NW
2 Bedroom Apartments

906 C Ave NW

906 C Ave NWCedar Rapids, IA 52405
  • Utilities Included
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1810 A Ave NE
1 Bedroom Apartments

1810 A Ave NE

1810 A Ave NECedar Rapids, IA 52402
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1716 D Ave NE
1 to 2 Bedroom Apartments

1716 D Ave NE

1716 D Ave NECedar Rapids, IA 52402
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North Ridge
2 Bedroom Apartments

North Ridge

1820 A Ave NECedar Rapids, IA 52402
Corporate Housing
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Cedar Crest Apartments
1 to 2 Bedroom Apartments

Cedar Crest Apartments

1100 O Ave NWCedar Rapids, IA 52405
Senior Living
  • Utilities Included
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Chalet South
1 to 2 Bedroom Apartments

Chalet South

210 19th St NECedar Rapids, IA 52402
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Geneva Tower
Studio to 1 Bedroom Apartments

Geneva Tower

310 5th Ave SECedar Rapids, IA 52401
Senior Living
  • Utilities Included

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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Commons on 1st
Studio to 2 Bedroom Apartments

Commons on 1st

1420 1st Ave NECedar Rapids, IA 52402
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Shamrock
3 Bedroom Apartments

Shamrock

606 2nd Ave SWCedar Rapids, IA 52404
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Rock Ridge Condominiums
2 Bedroom Apartments

Rock Ridge Condominiums

2005 Rockford Rd SWCedar Rapids, IA 52404
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Commonwealth
Studio to 2 Bedroom Apartments

Commonwealth

1400 2nd Ave SWCedar Rapids, IA 52403
Senior Living

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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Showing Results 1-45, Page 1 of 1

Downtown Cedar Rapids, Cedar Rapids, IA Local Guide

Cheapest Available Downtown Cedar Rapids Apartments for Rent

 

The cheapest available apartment rental in the Downtown Cedar Rapids area of Cedar Rapids, IA is a 1 Bed unit found at Village priced from $635. C Street Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $725. Here are the most affordable Downtown Cedar Rapids apartments for rent in Cedar Rapids, IA:

Apartment ListingModel NameBed/BathPriced From
Village1 Bedroom1BR,1BA$635
C Street Townhomes2 bedrrom -side by side townhome2BR,2BA$725
220 19th Street Northeast220 19th Street Northeast - E-3232BR,2BA$880
Geneva Tower1 Bedroom MKT0611BR,1BA$885
The Roosevelt1 Bedroom1BR,1BA$936
Annex on the SquareCurrent 60%Studio,1BA$985
Commonwealth2BR 2 Bedroom 50%2BR,2BA$1,050
NewBo LoftsLayout 1ADA1BR,1BA$1,225

Best Value Apartments for Rent in Downtown Cedar Rapids, IA

As of July 28, 2026 the best value apartment in the Downtown Cedar Rapids area is the $0.85 price per square foot 220 19th Street Northeast - E-323 Model at 220 19th Street Northeast in the in the Mound View neighborhood starting from $880. The second greatest value Downtown Cedar Rapids apartment is the 2BR 2 Bedroom 50% Model at Commonwealth starting at $1,050 with a $1.15 price per square foot in the Young's Hill neighborhood. Here is today’s list of the best values for Downtown Cedar Rapids apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
220 19th Street Northeast220 19th Street Northeast - E-3232BR,2BA$0.85
Commonwealth2BR 2 Bedroom 50%2BR,2BA$1.15
C Street Townhomes2 bedrrom -side by side townhome2BR,2BA$0.84
The Roosevelt1 Bedroom1BR,1BA$1.34
NewBo LoftsLayout 1A1BR,1BA$1.86
Annex on the SquareCurrent 60%Studio ,1BA$1.59
Geneva Tower1 Bedroom B-0011BR,1BA$2.20
Village2 Bedroom2BR,1BA$11.25

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Best Local Schools in
Downtown Cedar Rapids, Cedar Rapids, IA

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Cedar Rapids Apartments

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

The cheapest apartment in Downtown Cedar Rapids is Village which is listed at $635, while the average apartment in Downtown Cedar Rapids costs $1,350.

What types of apartments are the cheapest in Downtown 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 11 regular apartments in Downtown Cedar Rapids that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.