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Rental Market Trends in Cedar Rapids, IA

What is the average rent in Cedar Rapids, IA?

$852/month

Average Rent

634 Sq Ft

Average Apartment Size

+6.3%

Increase in the Last Year

Cedar Rapids, IA Rental Market Overview

The average rent in Cedar Rapids, IA is $852 per month. This is 49% lower than the national average rent of $1,661/month, making renting in Cedar Rapids more affordable than most cities in the US.

  • Studio apartments in Cedar Rapids average $894 per month.
  • One-bedroom apartments in Cedar Rapids average $852 per month.
  • Two-bedroom apartments in Cedar Rapids average $1,092 per month.
  • Three-bedroom apartments in Cedar Rapids average $1,382 or more per month.

Data Updated: July 1, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$894/month
568 Sq Ft
One Bedroom
$852/month
634 Sq Ft
Two Bedroom
$1,092/month
921 Sq Ft
Three Bedroom
$1,382/month
1,169 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,684/month
992 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 6.3%, which averages out to $54 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 July 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Cedar Rapids, IA
Last Updated July 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Cedar Rapids, IA
Percentage*
Rent Range
19% Below $700/month
38% $700 - $1,000/month
33% $1,001 - $1,500/month
9% $1,501 - $2,000/month
1% 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 and Downtown Cedar Rapids" are the most affordable neighborhoods in Cedar Rapids.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Cedar Hills
$872/month
686 Sq Ft
Downtown Cedar Rapids
$1,147/month
731 Sq Ft

What are the most expensive neighborhoods in Cedar Rapids?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Cedar Rapids
$1,147/month
731 Sq Ft
Cedar Hills
$872/month
686 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 and Cedar Hills" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Cedar Rapids
$1,147/month
731 Sq Ft
Cedar Hills
$872/month
686 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 $852, you’ll want to make about $2,840 per month or $34,080 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 10.0% lower than the national average. Generally, housing in Cedar Rapids is 30.6% less expensive than the national average, with rent falling between $852 - $1,382. You can expect to pay 2.8% less for groceries, 4.0% more for utilities, and 0% less for transportation.

City

Cedar Rapids, IA

587 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
$1,119/month
$917/month
One Bedroom
$711/month
$1,050/month
Two Bedroom
$1,009/month
$1,288/month
Three Bedroom
$1,214/month
$1,534/month
Search
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Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Marion

    Marion

  • North Liberty

    North Liberty

Apartment Communities in Cedar Rapids We Think You'll Love

The Enclave at Dry Creek

The Enclave at Dry Creek

6025 Ridgemount Dr NE,
Cedar Rapids, IA 52402

Studio - 3 Beds | $1,125 - $1,820

Rose Cottage Villas

Rose Cottage Villas

8501-8614 Prairie View Ln SW,
Cedar Rapids, IA 52404

2 Beds | $1,750 - $1,900

Granite Valley Apartments

Granite Valley Apartments

6741 C Ave NE,
Cedar Rapids, IA 52402

2 Beds | $1,290 - $1,535

Cambridge Townhomes

Cambridge Townhomes

2113 N Towne Ct NE,
Cedar Rapids, IA 52402

2 Beds | $995

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Frequently Asked Questions

What is the average rent in Cedar Rapids?

The average rent in Cedar Rapids is $852 per month, which is 48.7% lower than the national average of $1,661.

What is the average rent for a house in Cedar Rapids?

The average rent for a house in Cedar Rapids, IA is $1,684 per month.

Are rents going up or down in Cedar Rapids?

Rents in Cedar Rapids, IA are increasing, with prices up 6.3% year-over-year and $54 more per month.

What rent range is most common in Cedar Rapids?

In Cedar Rapids, IA, 38% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

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 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.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity