Cheap Homes for Rent in Downtown Cedar Rapids Neighborhood of Cedar Rapids, IA from $1,000 (4 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Cedar Rapids area of 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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Downtown Cedar Rapids, Cedar Rapids, IA Local Guide

Best Value Apartments for Rent in Downtown Cedar Rapids, IA

As of June 21, 2026 the best value apartment in the Downtown Cedar Rapids area is the $1.25 price per square foot 415 3rd St SE Model at 415 3rd St SE, Unit #303 in the in the Young's Hill neighborhood starting from $1,375. 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.
415 3rd St SE, Unit #303415 3rd St SE1BR,1BA$1.25
Commonwealth2BR 2 Bedroom 50%2BR,2BA$1.15
C Street Townhomes2 bedrrom -side by side townhome2BR,2BA$0.84
803 17th St SE803 17th St SE1BR,1BA$2.03
Stone Ridge Apartments & Townhomes1br, 1ba1BR,1BA$1.79
The Roosevelt1 Bedroom1BR,1BA$1.30
NewBo LoftsLayout 1A1BR,1BA$1.86
Annex on the SquareHalogen 60%1BR,1BA$1.56
Oak Hill Jackson Brickstones1 Bedroom1BR,1BA$1.07
Dows Building1BR/1.0BA1BR,1BA$1.73

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 Downtown Cedar Rapids

What type of rentals are currently available in Downtown Cedar Rapids?

There are currently 111 Apartments for Rent in Downtown Cedar Rapids, IA with pricing that ranges from $635 to $1,850. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Cedar Rapids ranging from $1,020 to $2,799.

What is the current price range for Rental Homes in Downtown Cedar Rapids?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Cedar Rapids ranges from $1,020 to $2,799 with an average monthly rent of $1,742.

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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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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.