
Cheap Apartments for Rent in the Downtown Cedar Rapids Neighborhood of Cedar Rapids, IA from $400 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Cedar Rapids area of Cedar Rapids.


Dows Building

Cedar Rapids Brickstone

C Street Townhomes

Cedar River Tower Apartments

NewBo Ivy

Oak Hill Jackson Brickstones

The Roosevelt

Total Monthly Price
110 2nd St SE, Unit #2, Unit #2
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Commonwealth

Ellis Urban Lofts

Ashton Flats

Oak Hill Apartments

Sinclair on 16th

NewBo Lofts

Stone Ridge Apartments & Townhomes

318 18th St NE

Julie Ann Square Apartments
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Kingston Village Apartments

Apartments of Oakland Rd

Westgate Apartments

Southern Valley (VIDEO!)

Westhill Apartments

Aossey Place (Video) SW

906 C Ave NW

1810 A Ave NE

1716 D Ave NE
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North Ridge

Cedar Crest Apartments

Chalet South

Geneva Tower

Annex on the Square

Commons on 1st

Shamrock

Rock Ridge Condominiums

The Metropolitan - Floors 1-3
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1017 19th St SE

1520 D Ave NE
Downtown Cedar Rapids, Cedar Rapids, IA Local Guide

How much does it cost to rent an apartment in Downtown Cedar Rapids?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Cedar Rapids Studio Apartments | $1,136 | $740 | $1,395 |
| Downtown Cedar Rapids 1 Bedroom Apartments | $1,183 | $695 | $1,500 |
| Downtown Cedar Rapids 2 Bedroom Apartments | $1,366 | $475 | $1,850 |
| Downtown Cedar Rapids 3 Bedroom Apartments | $1,281 | $770 | $1,765 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 1 mile radius of the Downtown Cedar Rapids Neighborhood of Cedar Rapids, IA.
See all Apartments in Cedar RapidsExplore Cedar Rapids
Downtown Cedar Rapids, Cedar Rapids, IA Local Guide
- Nearby Cedar Rapids neighborhoods
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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 2 Beds unit found at C Street Townhomes priced from $725. The Roosevelt has the second lowest priced unit, which is a 2 Beds apartment currently listed from $872. Here are the most affordable Downtown Cedar Rapids apartments for rent in Cedar Rapids, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $725 |
| The Roosevelt | 2 Bedroom | 2BR,2BA | $872 |
| Geneva Tower | 1 Bedroom MKT061 | 1BR,1BA | $885 |
| Annex on the Square | Current 60% | Studio,1BA | $887 |
| Sinclair on 16th | Layout S | Studio,1BA | $1,295 |
| Loftus Apartments | The Alamo SF (Level 2) ADA | Studio,1BA | $1,335 |
| NewBo Lofts | Layout S | Studio,1BA | $1,395 |
Best Value Apartments for Rent in Downtown Cedar Rapids, IA
As of April 28, 2026 the best value apartment in the Downtown Cedar Rapids area is the $0.76 price per square foot 2 Bedroom Model at The Roosevelt in the in the Young's Hill neighborhood starting from $872. The second greatest value Downtown Cedar Rapids apartment is the Layout 2C Model at NewBo Lofts starting at $1,795 with a $1.59 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Roosevelt | 2 Bedroom | 2BR,2BA | $0.76 |
| NewBo Lofts | Layout 2C | 2BR,2BA | $1.59 |
| 245 Kingston Cedar Rapids | 2 Bed / 1 Bath | 2BR,1BA | $1.55 |
| Commonwealth | 2BR 2 Bedroom 50% | 2BR,2BA | $1.11 |
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $0.84 |
| Sinclair on 16th | Layout 2A | 2BR,1BA | $1.65 |
| Loftus Apartments | The Alamo SF (Level 2) ADA | Studio ,1BA | $1.83 |
| Annex on the Square | Current 60% | Studio ,1BA | $1.43 |
| Geneva Tower | 1 Bedroom B-001 | 1BR,1BA | $1.98 |
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Read ArticleQuick 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.
Best Local Schools in Downtown Cedar Rapids, Cedar Rapids, IA
Taylor Elementary School
Thomas Jefferson High School
McKinley Middle School
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Cedar Rapids Apartments
What is a cheap apartment in Downtown Cedar Rapids?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Cedar Rapids is under $1,395.
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 1 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

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.

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.

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.

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.