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Rental Market Trends in Cedar Rapids, IA

What is the average rent in Cedar Rapids, IA?

$789/month

Average Rent

635 Sq Ft

Average Apartment Size

+1.3%

Increase in the Last Year

As of October 2025, the average rent in Cedar Rapids, IA is $789 per month. This is 52% lower than the national average rent of $1,629/month, making renting in Cedar Rapids more affordable than most cities in the US. When you rent an apartment in Cedar Rapids, you can expect to pay about $870 per month for a studio, $789 for a one-bedroom apartment, and around $1,029 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,255 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$870/month
591 Sq Ft
One Bedroom
$789/month
635 Sq Ft
Two Bedroom
$1,029/month
928 Sq Ft
Three Bedroom
$1,255/month
1,163 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,366/month
655 Sq Ft
Four Bedroom
$1,833/month
1,278 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$940/month
535 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$979/month
743 Sq Ft

How much has average rent changed in Cedar Rapids, IA?

In the past year, rent has increased by 1.3%, which averages out to $11 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Cedar Rapids, IA
Last Updated October 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Cedar Rapids, IA
Percentage*
Rent Range
23% Below $700/month
43% $700 - $1,000/month
26% $1,001 - $1,500/month
5% $1,501 - $2,000/month
2% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Cedar Rapids?

Based on current rent prices, Cedar Hills, Kenwood Park and Downtown Cedar Rapids are the most affordable neighborhoods in Cedar Rapids.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Cedar Hills
$800/month
694 Sq Ft
Kenwood Park
$915/month
681 Sq Ft
Downtown Cedar Rapids
$1,034/month
720 Sq Ft

What are the most expensive neighborhoods in Cedar Rapids?

Based on current rent prices, Downtown Cedar Rapids, Kenwood Park and Cedar Hills are the most expensive neighborhoods in Cedar Rapids.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Cedar Rapids
$1,034/month
720 Sq Ft
Kenwood Park
$915/month
681 Sq Ft
Cedar Hills
$800/month
694 Sq Ft

Which Cedar Rapids neighborhoods have the most rentals available?

The neighborhoods in Cedar Rapids with the most apartments available are Downtown Cedar Rapids, Cedar Hills and Kenwood Park .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Cedar Rapids
$1,034/month
720 Sq Ft
Cedar Hills
$800/month
694 Sq Ft
Kenwood Park
$915/month
681 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Cedar Rapids, IA?

Because the average rent in Cedar Rapids is $789, you’ll want to make about $2,630 per month or $31,560 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 Rapids, IA is 9.9% lower than the national average. Generally, housing in Cedar Rapids is 30.8% less expensive than the national average, with rent falling between $789 - $1,255. You can expect to pay 2.8% less for groceries, 3.0% more for utilities, and 0.0% less for transportation.

City

Cedar Rapids, IA

771 Available Apartments for Rent

Search for Nearby Apartments

How does Cedar Rapids, IA compare to other nearby cities and neighborhoods?

Use the tool below to compare Cedar Rapids, 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.

Explore the Area Guide for Cedar Rapids, IA

Apartment Averages

Cedar Hills

Cedar Rapids, IA

Downtown Cedar Rapids

Cedar Rapids, IA

Studio
$680/month
$889/month
One Bedroom
$692/month
$951/month
Two Bedroom
$957/month
$1,352/month
Three Bedroom
$1,055/month
$1,211/month
Search
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Nearby City Rent Trends

  • Marion Average Rent

Apartment communities in Cedar Rapids we think you'll love

The Retreat on 6th

The Retreat on 6th

2981 6th St SW,
Cedar Rapids, IA 52404

$775 - $1,205

1-3 Beds

Overlook 380

Overlook 380

2040 Glass Rd NE,
Cedar Rapids, IA 52402

$760 - $1,130

1-3 Beds

Cedar River Tower Apartments

Cedar River Tower Apartments

100 1st Ave NE,
Cedar Rapids, IA 52401

$705 - $1,020

Studio - 2 Beds

St. Andrews Apartments

St. Andrews Apartments

1621 Pinehurst Dr NE,
Cedar Rapids, IA 52402

$810 - $1,070

1-2 Beds

Property Management Companies in Cedar Rapids, IA

One Property Management
One Property Management
  • 11

    Communities

  • 642

    Units

  • 4

    Cities

10 Communities in Cedar Rapids
High Properties
High Properties
  • 13

    Communities

  • 1,182

    Units

  • 4

    Cities

9 Communities in Cedar Rapids
Monarch Investment and Management Group
Monarch Investment and Management Group
  • 311

    Communities

  • 76,000

    Units

  • 143

    Cities

5 Communities in Cedar Rapids
Elmington Capital
Elmington Capital
  • 143

    Communities

  • 23,380

    Units

  • 73

    Cities

5 Communities in Cedar Rapids
Haverkamp Properties
Haverkamp Properties
  • 20

    Communities

  • 3,930

    Units

  • 9

    Cities

3 Communities in Cedar Rapids
Perry Reid Properties
Perry Reid Properties
  • 53

    Communities

  • 6,621

    Units

  • 36

    Cities

2 Communities in Cedar Rapids
Kohlberg Kravis Roberts & Co. L.P.
Kohlberg Kravis Roberts & Co. L.P.
  • 52

    Communities

  • 5,277

    Units

  • 29

    Cities

2 Communities in Cedar Rapids
Executive Management & Real Estate LTD
Executive Management & Real Estate LTD
  • 18

    Communities

  • 2,177

    Units

  • 8

    Cities

2 Communities in Cedar Rapids

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United States Iowa Cedar Rapids Rental Trends

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity