1520 D Ave NE
Cedar RapidsIA52402
Cheap Homes for Rent in Downtown Cedar Rapids Neighborhood of Cedar Rapids, IA from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Cedar Rapids area of Cedar Rapids.
730 Wellington St SE
Cedar RapidsIA52403
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.
811 14th St NE
Cedar RapidsIA52402
1838 J Ave NE
Cedar RapidsIA52402
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.
511 23rd St NE
Cedar RapidsIA52402
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Downtown Cedar Rapids, Cedar Rapids, IA Local Guide
How much does it cost to rent a home in Downtown Cedar Rapids?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Cedar Rapids 2 Bedroom Homes for Rent | $1,350 | $1,200 | $1,500 |
| Downtown Cedar Rapids 3 Bedroom Homes for Rent | $1,412 | $1,325 | $1,500 |
| Downtown Cedar Rapids 4 Bedroom Homes for Rent | $1,750 | $1,750 | $1,750 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 1 mile radius of the Downtown Cedar Rapids Neighborhood of Cedar Rapids, IA.
Explore 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 Village priced from $620. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village | 2 Bedroom | 2BR,1BA | $620 |
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $725 |
| Geneva Tower | Studio 061 | Studio,1BA | $798 |
Best Value Apartments for Rent in Downtown Cedar Rapids, IA
As of May 06, 2026 the best value apartment in the Downtown Cedar Rapids area is the $0.75 price per square foot 110 2nd St SE Model at 110 2nd St SE, Unit #2 in the in the Young's Hill neighborhood starting from $875. 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. |
|---|---|---|---|
| 110 2nd St SE, Unit #2 | 110 2nd St SE | 3BR,2BA | $0.75 |
| NewBo Lofts | Layout 2C | 2BR,2BA | $1.59 |
| Commonwealth | 2BR 2 Bedroom 50% | 2BR,2BA | $1.11 |
| C Street Townhomes | 2 bedrrom -side by side townhome | 2BR,2BA | $0.84 |
| 1617 A Ave NE, Unit Unit C | 1617 A Ave NE | 1BR,1BA | $1.33 |
| Sinclair on 16th | Layout 1A | 1BR,1BA | $1.76 |
| The Roosevelt | 1 Bedroom | 1BR,1BA | $1.30 |
| Annex on the Square | Current 60% | Studio ,1BA | $1.43 |
| Geneva Tower | 1 Bedroom B-001 | 1BR,1BA | $1.98 |
| Village | 1 Bedroom | 1BR,1BA | $10.58 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article
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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
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.
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Best Local Schools in Downtown Cedar Rapids, Cedar Rapids, IA
Taylor Elementary School
Cedar Rapids Community School District
Public School - Grades PK-5 (296)
4 out of 10
Thomas Jefferson High School
Cedar Rapids Community School District
Public School - Grades 9-12 (1543)
1 out of 10
McKinley Middle School
Cedar Rapids Community School District
Public School - Grades 6-8 (448)
4 out of 10
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 $620 to $1,855. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Cedar Rapids ranging from $1,200 to $1,750.
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 $1,200 to $1,750 with an average monthly rent of $1,504.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.