Last updated
Average Rent in Cedar Rapids, IA & Rent Trends
Rent prices and market trends across 7 apartment communities in Cedar Rapids, IA. Updated daily.
Market Average
$1,302/mo
▲ +39.5% from last month
Lowest Available
$850/mo
cheapest unit on market
Communities
7
tracked daily
Units Listed
16
available now
Price Cuts This Week in Cedar Rapids, IA
3 listed units across 2 buildings in Cedar Rapids, IA dropped their asking rent in the past 7 days, an average cut of $574/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Realty87 | Unit 1 | $3,976 | $3,094 | $882 |
| Realty87 | Unit 2 | $3,261 | $2,530 | $731 |
| The Retreat on 6th | Unit 3, Bungalow | $945 | $835 | $110 |
Rent by Neighborhood in Cedar Rapids, IA
Compare average rent across Cedar Rapids, IA neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Noelridge Park | $2,373 | ▲ $250 | $1,651 | 2 | 2 |
| Oakhill Jackson | $1,190 | - | $985 | 1 | 5 |
| Cedar Rapids 52404 | $1,177 | ▲ $46 | $870 | 3 | 7 |
| Cedar Rapids 52405 | $948 | ▼ $53 | $850 | 1 | 2 |
Is Rent Going Up or Down in Cedar Rapids, IA?
As of August 2026, the average rent in Cedar Rapids, IA is $1,302 per month across 7 apartment communities and 16 available units. Rents have increased $439 (39.5%) over the past month.
The most affordable option is Alexandra Apartments starting at $850/mo. By unit type, a studio averages $1,190/mo, a 1-bedroom averages $871/mo, a 2-bedroom averages $1,332/mo, a 3-bedroom averages $1,180/mo, a 4-bedroom averages $3,094/mo.
Prices range from $850 to $3,094 per month. The most common price point is the $1,000 range, where 5 units are currently listed.
Cedar Rapids, IA Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,093 | - | 5 |
| July 2026 | $1,222 | +$129 | 7 |
| August 2026 | $1,193 | -$29 | 6 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Cedar Rapids, IA
Rent Prices by Apartment in Cedar Rapids, IA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Alexandra Apartments | $850/mo | $948/mo | 2 | 3.6 |
| The Retreat on 6th | $870/mo | $870/mo | 1 | 4.3 |
| Union at Wiley | $893/mo | $1,039/mo | 3 | 3.2 |
| Annex on the Square | $985/mo | $1,190/mo | 5 | 3.5 |
| Prairie Bend Apartments | $1,400/mo | $1,417/mo | 3 | 5 |
| Briarwood | $1,651/mo | $1,651/mo | 1 | 4.6 |
| Realty87 | $3,094/mo | $3,094/mo | 1 | 5 |
Frequently Asked Questions About Rent in Cedar Rapids, IA
What is the average rent in Cedar Rapids, IA?
Is rent going up or down in Cedar Rapids, IA?
What is the cheapest apartment in Cedar Rapids, IA?
How much is a 1-bedroom apartment in Cedar Rapids, IA?
How many apartments are available in Cedar Rapids, IA?
What salary do I need to live comfortably in Cedar Rapids, IA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$52,000/year
Based on the 30 percent rule, using our tracked average rent of $1,302/mo.
Comfortable income
$62,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($850/mo), you need to earn at least $34,000/year.
Median household income in Cedar Rapids, IA is $67,859 , about 9% above the comfortable-living threshold.
Cost of living in Cedar Rapids, IA
Overall prices in Cedar Rapids, IA runs below the national average by about 10% (BEA Regional Price Parity index 90.0, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Cedar Rapids, IA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,302 |
| Utilities | $306 |
| Groceries | $522 |
| Transportation | $730 |
| Healthcare | $356 |
| Other goods and services | $570 |
| Estimated total | $3,786/mo |
Population
136,859
Median household income
$67,859
Census median rent
$925/mo
Rent as % of income
27.9%
Median age
36.9
Mean commute
18 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Cedar Rapids, IA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Cedar Rapids, IA Apartments
Browse all 7 communities with daily-updated pricing and availability.