
Cheap Homes for Rent in Cedar Rapids, NE from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Cedar Rapids.


208 E 5th St

15 Jackson Ave

705 6th St

2703 W 24th St

304 N 12th St
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.

535 Oak St

708 16th St

210 N Phillips Ave

807 N St

903 N 2nd St

3336 N 9th St
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.

1724 3rd Ave
Cedar Rapids, NE Local Guide

How much does it cost to rent a home in Cedar Rapids?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cedar Rapids 2 Bedroom Homes for Rent | $1,386 | $875 | $1,750 |
| Cedar Rapids 3 Bedroom Homes for Rent | $1,802 | $975 | $2,750 |
| Cedar Rapids 4 Bedroom Homes for Rent | $2,225 | $1,700 | $2,400 |
| Cedar Rapids 5 Bedroom Homes for Rent | $2,150 | $2,150 | $2,150 |
Browse Top Homes for Rent in Cedar Rapids
Explore Cedar Rapids
Cedar Rapids, NE Local Guide
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Cheapest Available Cedar Rapids Apartments for Rent and Nearby
 The cheapest available apartment rental in Cedar Rapids, NE is a Studio unit found at Old Walnut priced from $745. Erin Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here is today’s list of the most affordable Cedar Rapids apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Old Walnut | Studio | Studio,1BA | $745 |
| Erin Apartments | 2 Beds, 1 bath | 2BR,1BA | $750 |
| Fountain Glen | Cass | Studio,1BA | $877 |
| The Apartment Place | 1BR/1BA | 1BR,1BA | $895 |
| Highland View Apartments | Bonsai | Studio,1BA | $910 |
Best Value Apartments for Rent in Cedar Rapids, NE and Nearby
As of June 12, 2026 the best value apartment in the Cedar Rapids area is the $1.25 price per square foot C1R Model at Lakeside Village Apartment Homes in the in the West A neighborhood starting from $1,740. The second greatest value Cedar Rapids apartment is the 2 Beds, 1 bath Model at 414 W Phillip Ave starting at $1,450 with a $1.16 price per square foot . Here is today’s list of the best values for Cedar Rapids apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lakeside Village Apartment Homes | C1R | 3BR,2BA | $1.25 |
| 414 W Phillip Ave | 2 Beds, 1 bath | 2BR,1BA | $1.16 |
| LongLeaf Apartments | 3 Bedroom | 3BR,2BA | $1.04 |
| Village at Kearney Apartments | Three Bedroom Two Bath | 3BR,2BA | $1.01 |
| Erin Apartments | 4 Beds, 2 baths | 4BR,2BA | $1.40 |
| Cedar Ridge | 2 Bed 2 Bath | 2BR,2BA | $1.20 |
| The Apartment Place | 1BR/1BA | 1BR,1BA | $1.07 |
| Pioneer Trail Flats | The Malone w/ garage | 1BR,1BA | $1.37 |
| Ridgeland Park Apartments in York | York | 2BR,1BA | $1.34 |
| Maple Apartments LLC | Unit 6 | 1BR,1BA | $1.36 |
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.
Read ArticleReal 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.
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.
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 49 Apartments for Rent in Cedar Rapids, NE with pricing that ranges from $605 to $2,545. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cedar Rapids ranging from $595 to $2,750.
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 $2,750 with an average monthly rent of $1,547.
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 $955 to $2,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,400.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.