Cheap Homes for Rent in Cedar Rapids, IA from $500 (22 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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Cedar Rapids, IA Local Guide

Cheapest Neighborhoods for Apartments in Cedar Rapids, IA

Pricing Updated: 09/13/2025

Current apartment rentals in the Cedar Rapids, IA area range in price from $425 to $5,455 with an overall median price of $1,244. The three Cedar Rapids neighborhoods with the lowest median rent pricing are Grande Avenue at $615, Lincolnway Village at $425, and Cedar Hills at $555. 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
Grande Avenue$1,085$61532
Lincolnway Village$1,112$42543
Cedar Hills$1,125$55547
Oakhill Jackson$1,255$47073
Southwest Area$1,255$47058
Young's Hill$1,255$47070
Downtown Cedar Rapids$1,290$47060
Taylor$1,290$47034
Kenwood Park$1,295$44581
Mound View$1,295$62517

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
The Pointe at Cedar RapidsStonewood 1 bedroom1BR,1BA$543
Cedar Ridge Apartments1 bedroom1BR,1BA$545

Best Value Apartments for Rent in Cedar Rapids, IA

As of September 13, 2025 the best value apartment in the Cedar Rapids area is the $0.83 price per square foot 2 Bedroom Flats Model at Regal Townhomes in the starting from $850. The second greatest value Cedar Rapids apartment is the 2 Beds, 1 bath Model at Asbury Court starting at $795 with a $0.86 price per square foot in the Mound View 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.
Regal Townhomes2 Bedroom Flats2BR,1BA$0.83
Asbury Court2 Beds, 1 bath2BR,1BA$0.86
Overlook 3802 Bedroom2BR,1BA$0.92
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$0.88
3621 Dalewood Ave SE3621 Dalewood Ave SE2BR,1BA$0.94
North Ridge2 Beds, 1 Baths2BR,1BA$0.91
Cedar Ridge Apartments1 bedroom1BR,1BA$0.91
Grand View Apartments1bd1BR,1BA$0.82

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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!

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Frequently Asked Questions about Cedar Rapids

What type of rentals are currently available in Cedar Rapids?

There are currently 327 Apartments for Rent in Cedar Rapids, IA with pricing that ranges from $425 to $5,455. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cedar Rapids ranging from $595 to $3,995.

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 $595 to $3,995 with an average monthly rent of $1,566.

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 $2,336, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,095. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,090.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.