
Cheap Homes for Rent in Traer, IA from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Traer.


1424 Grant Ave

1503 Franklin St

723 W 1st 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.

704 W 1st St

212 Randall St

606 Sycamore St

217-219 W 4th St
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.

1516 Garden Ave
Traer, IA Local Guide

How much does it cost to rent a home in Traer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Traer 2 Bedroom Homes for Rent | $1,086 | $625 | $1,800 |
| Traer 3 Bedroom Homes for Rent | $1,527 | $925 | $2,290 |
| Traer 4 Bedroom Homes for Rent | $1,966 | $1,400 | $2,500 |
| Traer 6 Bedroom Homes for Rent | $1,400 | $1,400 | $1,400 |
Browse Top Homes for Rent in Traer
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Traer, IA Local Guide
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Cheapest Available Traer Apartments for Rent and Nearby
 The cheapest available apartment rental in Traer, IA is a 4 Beds unit found at Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $350. Meadow Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Traer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Residences on College Hill | 4 Bed 1 Bath Apartment | 4BR,1BA | $350 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $625 |
| Prairie Village of LaPorte City | 1 Bedroom | 1BR,1BA | $643 |
Best Value Apartments for Rent in Traer, IA and Nearby
As of March 12, 2026 the best value apartment in the Traer area is the $0.77 price per square foot 2 Bed 1 Bath - 1117 Sq. Ft. Model at Pheasant Hollow Apartments in the starting from $865. The second greatest value Traer apartment is the 3X1.5 Coffee Cupboards, Stainless, New LVP Thro... Model at Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms starting at $1,200 with a $1.09 price per square foot . Here is today’s list of the best values for Traer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pheasant Hollow Apartments | 2 Bed 1 Bath - 1117 Sq. Ft. | 2BR,1BA | $0.77 |
| Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms | 3X1.5 Coffee Cupboards, Stainless, New LVP Thro... | 3BR,1.5BA | $1.09 |
| Hillcrest Park Apartments-Student Housing | 4BR/2BA | 4BR,2BA | $0.42 |
| 3714 Ravenwood Cir | 2 BR/ 2 BA | 2BR,2BA | $1.10 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.02 |
| Le Chateau | 2BR/1.5BA | 2BR,1.5BA | $0.90 |
| Residences on College Hill | 4 Bed 1 Bath Apartment | 4BR,1BA | $0.39 |
| Pointe West Apartments | Pointe West - 1-bedroom apartments | 1BR,1BA | $1.13 |
| Legacy Manor of Waterloo - 55+ Living | 1 bedroom | 1BR,1BA | $1.16 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.02 |
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 ArticleThe 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.
Read ArticleCash 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.
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 Traer
What type of rentals are currently available in Traer?
There are currently 53 Apartments for Rent in Traer, IA with pricing that ranges from $460 to $2,700. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Traer ranging from $575 to $2,500.
What is the current price range for Rental Homes in Traer?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Traer ranges from $575 to $2,500 with an average monthly rent of $1,272.
How much are larger Three and Four Bedroom Rentals in Traer?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Traer range from $850 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $2,290. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $460.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.