Cheap Homes for Rent in Cedar Rapids, IA from $500 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Cedar Rapids.

Showing Results 1-22, Page 1 of 1

Cedar Rapids, IA Local Guide

Cheapest Neighborhoods for Apartments in Cedar Rapids, IA

Pricing Updated: 10/29/2025

Current apartment rentals in the Cedar Rapids, IA area range in price from $425 to $5,455 with an overall median price of $1,349. The three Cedar Rapids neighborhoods with the lowest median rent pricing are Cedar Hills at $555, Southwest Area at $468, and Taylor 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$55528
Southwest Area$1,255$46851
Taylor$1,255$46831
Young's Hill$1,255$44858
Oakhill Jackson$1,270$44858
Usher's Ferry Historic Village$1,322$46881
Downtown Cedar Rapids$1,377$44853
Northwest Area$1,377$44874
Wellington Heights$1,377$44870
Lincolnway Village$1,411$42515

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
Shamrock ApartmentsShamrock small 1 bedroom1BR,1BA$555

Best Value Apartments for Rent in Cedar Rapids, IA

As of October 29, 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 2x2 Model at CR Legacy starting at $695 with a $0.72 price per square foot in the Corridor Ridge 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
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
2055 Blairs Ferry Rd NE1 bedroom1BR,1BA$0.70
North Ridge2 Beds, 1 Baths2BR,1BA$0.91
850 Bridgit Ln2 Beds, 1.5 Baths2BR,1.5BA$0.94
Country Club View1 BR/ BA1BR,1BA$0.82
Grand View Apartments1bd1BR,1BA$0.82

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.

decorative image of people with a giant lease agreement

Cedar Rapids, IA
Population: 133,174

Ranked #209

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

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

Decorative image of map

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

View Map
Cedar Rapids, IA Apartments Map
View Map
Cedar Rapids, IA Rental Homes Map

Frequently Asked Questions about Cedar Rapids

What type of rentals are currently available in Cedar Rapids?

There are currently 340 Apartments for Rent in Cedar Rapids, IA with pricing that ranges from $425 to $5,455. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cedar Rapids ranging from $500 to $2,000.

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 $2,000 with an average monthly rent of $1,185.

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 $2,355, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $1,700. Four Bedroom Single-Family rentals are also available starting from $1,090 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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.