University Manor
1939 College St,
Cedar Falls, IA 50613
Studio - 2 Beds | $720 - $1,020
Rental Market Trends in Cedar Falls, IA
What is the average rent in Cedar Falls, IA?
$997/month
Average Rent
640 Sq Ft
Average Apartment Size
-3.7%
Decrease in the Last Year
As of January 2025, the average rent in Cedar Falls, IA is $997 per month. This is 36% lower than the national average rent of $1,553/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 $917 per month for a studio, $997 for a one-bedroom apartment, and around $1,173 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 3.7%, which averages out to $37 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 January 2025
Legend
2024
2025
Rent Ranges in Cedar Falls, IA
Last Updated January 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
8%
Below $700/month
38%
$700 - $1,000/month
38%
$1,001 - $1,500/month
17%
$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 $997, you’ll want to make about $3,323 per month or $39,876 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.
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
$1,168/month
$1,168/month
One Bedroom
$1,301/month
$1,301/month
Two Bedroom
$1,306/month
$1,306/month
Three Bedroom
-
-
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Methodology
† 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.
* Percentages may not total 100 due to rounding.