Rose Cottage Villas
8501-8614 Prairie View Ln SW,
Cedar Rapids, IA 52404
2 Beds | $1,675 - $1,850
Rental Market Trends in Cedar Rapids, IA
What is the average rent in Cedar Rapids, IA?
$777/month
Average Rent
637 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of May 2025, the average rent in Cedar Rapids, IA is $777 per month. This is 52% lower than the national average rent of $1,625/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 $751 per month for a studio, $777 for a one-bedroom apartment, and around $1,001 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,229 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Cedar Rapids, IA?
In the past year, rent has increased by 2.1%, which averages out to $17 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 May 2025
Legend
2024
2025
Rent Ranges in Cedar Rapids, IA
Last Updated May 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
28%
Below $700/month
37%
$700 - $1,000/month
30%
$1,001 - $1,500/month
4%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
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.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Cedar Rapids?
Based on current rent prices, Glenbrook Cove, Oakhill Jackson and Downtown Cedar Rapids are the most expensive neighborhoods in Cedar Rapids.
Neighborhood
Average Rent
Average 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, Oakhill Jackson and Kenwood Park .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Cedar Rapids, IA?
Because the average rent in Cedar Rapids is $777, you’ll want to make about $2,590 per month or $31,080 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 9.4% lower than the national average. Generally, housing in Cedar Rapids is 30.8% less expensive than the national average, with rent falling between $751 - $1,229. You can expect to pay 3.2% less for groceries, 3.1% more for utilities, and 1.0% less for transportation.
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.
Studio
$660/month
-
One Bedroom
$686/month
-
Two Bedroom
$928/month
-
Three Bedroom
$1,068/month
-
Nearby City Rent Trends
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Property Management Companies in Cedar Rapids, IA
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Monarch Investment and Management Group
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Perry Reid Properties
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51
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Executive Management & Real Estate LTD
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17
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Perennial Properties Management
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12
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Timberland Partners
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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 February 2025.
* Percentages may not total 100 due to rounding.