The Residences on College Hill
2109 College St,
Cedar Falls, IA 50613
2-4 Beds | $315 - $1,500
Rental Market Trends in Cedar Falls, IA
Updated August 2026
The average rent in Cedar Falls, IA is $1,088/month.
Rent in Cedar Falls is 35% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,088/month
Average Rent
650 Sq Ft
Average Size
+1.4%
Change / Year
420
Available Apartments
Cedar Falls rent varies by unit size and layout:
- Studio apartments in Cedar Falls average $1,042 per month.
- One-bedroom apartments in Cedar Falls average $1,088 per month.
- Two-bedroom apartments in Cedar Falls average $1,249 per month.
- Three-bedroom apartments in Cedar Falls average $1,303 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Cedar Falls, IA?
In the past year, rent has increased by 1.4%, which averages out to $16 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Cedar Falls, IA
August 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
8%
Below $700/month
31%
$700 - $1,000/month
46%
$1,001 - $1,500/month
15%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Cedar Falls?
Based on current rent prices, Downtown Cedar Falls is the most affordable neighborhood in Cedar Falls.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Cedar Falls?
Based on current rent prices, Downtown Cedar Falls is the most expensive neighborhood in Cedar Falls.
Neighborhood
Average Rent
Average Sq Ft
Which Cedar Falls neighborhoods have the most rentals available?
The neighborhood in Cedar Falls with the most apartments available is Downtown Cedar Falls .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Cedar Falls, IA?
Because the average rent in Cedar Falls is $1,088, you’ll want to make about $3,626 per month or $43,512 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Cedar Falls, IA is 10.2% lower than the national average. Generally, housing in Cedar Falls is 12.1% less expensive than the national average, with rent falling between $1,042 - $1,303. You can expect to pay 3.4% less for groceries, 17.5% less for utilities, and 10.3% less for transportation.
How does Cedar Falls, IA compare to other nearby cities and neighborhoods?
Use the tool below to compare Cedar Falls, IA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,136/month
$1,136/month
One Bedroom
$1,387/month
$1,387/month
Two Bedroom
$1,475/month
$1,475/month
Three Bedroom
-
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Cedar Falls We Think You'll Love
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Frequently Asked Questions
What is the average rent in Cedar Falls?
The average rent in Cedar Falls is $1,088 per month, which is 34.6% lower than the national average of $1,663.
What is the average rent for a house in Cedar Falls?
The average rent for a house in Cedar Falls, IA is $1,372 per month.
Are rents going up or down in Cedar Falls?
Rents in Cedar Falls, IA are increasing, with prices up 1.4% year-over-year and $16 more per month.
What rent range is most common in Cedar Falls?
In Cedar Falls, IA, 46% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.