Annex on the Square
501 4th Ave SE,
Cedar Rapids, IA 52401
$887 - $1,643 | Studio - 2 Beds
Downtown Cedar Rapids
Cedar Rapids, IA
Downtown Cedar Rapids - Cedar Rapids, IA
Area Guide
A charming neighborhood on the river
River
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Arts
•
Business
•
Culture
•
Scenic
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Parks
•
Walkable
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Divided in half by the Cedar River, Downtown Cedar Rapids is an attractive city with scenic views. It is also a commercial hub, containing several Fortune 500 companies and serving as a major center of corn processing. Major employers include Quaker Oats, Rockwell Collins, Hy-Vee, and Transamerica. Downtown Cedar Rapids features several landmarks, including the Cedar Rapids Museum of Art, the Cedar Rapids Ice Arena, the Paramount Theater, the History Center, and Theatre Cedar Rapids.
If you plan to move to Cedar Rapids, you’ll enjoy a variety of events, including the Cedar Rapids Downtown Farmers’ Market, Market After Dar, EntreFEST, and the Next Gen Summit. The city also features several parks totaling more than 3,300 acres. Downtown parks include Riverfront Park, Plaza Park, and Riverside Park.
Rent Trends
As of January 2025, the average apartment rent in Downtown Cedar Rapids is $791 for a studio, $902 for one bedroom, $1,224 for two bedrooms, and $1,140 for three bedrooms. Apartment rent in Downtown Cedar Rapids has increased by 1.1% in the past year.
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Studio
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607 sq ft
Average Sq Ft
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$791/month
Average Rent
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1 BR
-
657 sq ft
Average Sq Ft
-
$902/month
Average Rent
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2 BR
-
946 sq ft
Average Sq Ft
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$1,224/month
Average Rent
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3 BR
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1,371 sq ft
Average Sq Ft
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$1,140/month
Average Rent
Transportation
75
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
34
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
65
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Indian Creek Nature Center
- Wickiup Hill Outdoor Learning Center
- Palisades-Kepler State Park
Military Bases
Airports
- The Eastern Iowa
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