University Manor
1939 College St,
Cedar Falls, IA 50613
1-2 Beds | $770 - $1,035
Rental Market Trends in Cedar Falls, IA
What is the average rent in Cedar Falls, IA?
$982/month
Average Rent
628 Sq Ft
Average Apartment Size
-3.6%
Decrease in the Last Year
As of March 2025, the average rent in Cedar Falls, IA is $982 per month. This is 37% lower than the national average rent of $1,559/month, making renting in Cedar Falls more affordable than most cities in the US. When you rent an apartment in Cedar Falls, you can expect to pay about $930 per month for a studio, $982 for a one-bedroom apartment, and around $1,160 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,288 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 Falls, IA?
In the past year, rent has decreased by 3.6%, which averages out to $35 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Cedar Falls, IA
Last Updated March 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
8%
Below $700/month
33%
$700 - $1,000/month
46%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Cedar Falls?
Based on current rent prices, Downtown Cedar Falls is the most affordable neighborhood in Cedar Falls.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Cedar Falls?
Based on current rent prices, Downtown Cedar Falls is the most expensive neighborhood in Cedar Falls.
Neighborhood
Average Rent
Average Sq Ft
Which Cedar Falls neighborhoods have the most rentals available?
The neighborhood in Cedar Falls with the most apartments available is Downtown Cedar Falls .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Cedar Falls, IA?
Because the average rent in Cedar Falls is $982, you’ll want to make about $3,273 per month or $39,276 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 Falls, IA is 14.7% lower than the national average. Generally, housing in Cedar Falls is 22.3% less expensive than the national average, with rent falling between $930 - $1,288. You can expect to pay 4.7% less for groceries, 18.7% less for utilities, and 5.6% less for transportation.
How does Cedar Falls, IA compare to other nearby cities and neighborhoods?
Use the tool below to compare Cedar Falls, 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
$1,181/month
$1,181/month
One Bedroom
$1,307/month
$1,307/month
Two Bedroom
$1,379/month
$1,379/month
Three Bedroom
-
-
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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.