Cheap Apartments for Rent near Cedar Rapids, NE from $500 (22 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Leisure Apartments
1 to 2 Bedroom Apartments

Leisure Apartments

825 E 6th StWayne, NE 68787
  • Utilities Included
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535 Flats
Studio to 4 Bedroom Apartments

535 Flats

535 N Minden AveMinden, NE 68959

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Cedar Rapids, NE Local Guide

Cheapest Available Cedar Rapids Apartments for Rent and Nearby

 

The cheapest available apartment rental in Cedar Rapids, NE is a 1 Bed unit found at The Residences at Liberty Campus priced from $700. Old Walnut has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here is today’s list of the most affordable Cedar Rapids apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Residences at Liberty Campus1/11BR,1BA$700
Old WalnutStudioStudio,1BA$745
Erin Apartments2 Beds, 1 bath2BR,1BA$750
LongLeaf Apartments1 Bedroom1BR,1BA$750
The Apartment Place1BR/1BA1BR,1BA$895

Best Value Apartments for Rent in Cedar Rapids, NE and Nearby

As of July 27, 2026 the best value apartment in the Cedar Rapids area is the $1.16 price per square foot 2 Beds, 1 bath Model at 414 W Phillip Ave in the starting from $1,450. The second greatest value Cedar Rapids apartment is the 2 Bed, 2 Bath Model at Residences at Oak Pointe starting at $1,399 with a $1.27 price per square foot . 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.
414 W Phillip Ave2 Beds, 1 bath2BR,1BA$1.16
Residences at Oak Pointe2 Bed, 2 Bath2BR,2BA$1.27
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$1.01
Erin Apartments4 Beds, 2 baths4BR,2BA$1.40
Cedar Ridge2 Bed 2 Bath2BR,2BA$1.20
The Residences at Liberty Campus2/12BR,1BA$1.13
The Apartment Place1BR/1BA1BR,1BA$1.07
Ridgeland Park Apartments in YorkYork2BR,1BA$1.34
Maple Apartments LLCUNIT 132BR,1BA$1.31
LongLeaf Apartments1 Bedroom1BR,1BA$1.06

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

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Frequently Asked Questions about Cheap Cedar Rapids Apartments

What is the Cheapest Studio apartment in Cedar Rapids?

Currently the most affordable Cheap Studio Apartment in Cedar Rapids is at Old Walnut listed at $745.

How much is rent for a Cheap One Bedroom Cedar Rapids Apartment?

The lowest price for a Cheap One Bedroom Cedar Rapids Apartment is $700 at The Residences at Liberty Campus.

What is the lowest price for a Cheap Two Bedroom Cedar Rapids Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Cedar Rapids is starting from $750 at Erin Apartments.

What is the most affordable Cedar Rapids Three Bedroom Apartment?

The best deal on a cheap Cedar Rapids Three Bedroom Apartment rental is at Erin Apartments and starts from $1,000.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.