Cheap Homes for Rent in Cedar Rapids, IA from $500 (16 Rentals)

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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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property at 527 9th St SW

527 9th St SW

Cedar RapidsIA52404

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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Showing Results 1-16, Page 1 of 1

Cedar Rapids, IA Local Guide

Cheapest Neighborhoods for Apartments in Cedar Rapids, IA

Pricing Updated: 12/14/2025

Current apartment rentals in the Cedar Rapids, IA area range in price from $425 to $4,495 with an overall median price of $1,338. The three Cedar Rapids neighborhoods with the lowest median rent pricing are Cedar Hills at $555, Oakhill Jackson at $448, and Southwest Area at $468. 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
Cedar Hills$1,150$55531
Oakhill Jackson$1,255$44862
Southwest Area$1,255$46854
Taylor$1,255$46832
Young's Hill$1,255$44861
Lincolnway Village$1,273$42523
Usher's Ferry Historic Village$1,322$46867
Downtown Cedar Rapids$1,377$44856
Northwest Area$1,377$44873
Wellington Heights$1,377$44871

Cheapest Available Cedar Rapids Apartments for Rent

 

The cheapest available apartment rental in Cedar Rapids, IA is a 1 Bed unit found at Grand View Apartments priced from $440. Wedgewood Apartments in the Kenwood Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $445. Here is today’s list of the most affordable Cedar Rapids apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grand View Apartments1bd1BR,1BA$440
Wedgewood Apartments1 Bedroom1BR,1BA$445
Azure Apartments1bd1BR,1BA$495
Country Club View1 BR/ BA1BR,1BA$525
The Pointe at Cedar RapidsStonewood 1 bedroom1BR,1BA$543

Best Value Apartments for Rent in Cedar Rapids, IA

As of December 14, 2025 the best value apartment in the Cedar Rapids area is the $0.91 price per square foot WND2x2C Model at Windsor on the River in the in the Usher's Ferry Historic Village neighborhood starting from $1,090. The second greatest value Cedar Rapids apartment is the 4x2 1 Model at Miller Avenue Estates starting at $1,090 with a $0.95 price per square foot in the Lincolnway Village 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.
Windsor on the RiverWND2x2C2BR,2BA$0.91
Miller Avenue Estates4x2 14BR,2BA$0.95
Regal Townhomes2 Bedroom Flats2BR,1BA$0.83
CR Legacy2x23BR,2BA$0.72
Asbury Court2 Beds, 1 bath2BR,1BA$0.86
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$0.82
Grand View Apartments1bd1BR,1BA$0.82
Azure Apartments1bd1BR,1BA$0.95

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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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, IA
Population: 133,174

Ranked #209

in US Census Population by City

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Best Local Schools in
Cedar Rapids, IA

School data provided by Great Schools

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

Explore Cedar Rapids, IA Rentals by Map

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See the most popular apartments and homes in Cedar Rapids, IA

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Frequently Asked Questions about Cedar Rapids

What type of rentals are currently available in Cedar Rapids?

There are currently 333 Apartments for Rent in Cedar Rapids, IA with pricing that ranges from $425 to $4,495. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cedar Rapids ranging from $500 to $2,995.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cedar Rapids ranges from $500 to $2,995 with an average monthly rent of $1,180.

How much are larger Three and Four Bedroom Rentals in Cedar Rapids?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Cedar Rapids range from $425 to $2,214, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $1,925. Four Bedroom Single-Family rentals are also available starting from $1,090 and Four Bedroom Apartments start at $1,090.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.