Rose Cottage Villas
8501-8614 Prairie View Ln SW,
Cedar Rapids, IA 52404
2 Beds | $1,695 - $1,850
Rental Market Trends in Cedar Rapids, IA
What is the average rent in Cedar Rapids, IA?
$762/month
Average Rent
637 Sq Ft
Average Apartment Size
-0.2%
Decrease in the Last Year
As of January 2025, the average rent in Cedar Rapids, IA is $762 per month. This is 51% lower than the national average rent of $1,553/month, making renting in Cedar Rapids more affordable than most cities in the US. When you rent an apartment in Cedar Rapids, you can expect to pay about $757 per month for a studio, $762 for a one-bedroom apartment, and around $968 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,254 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 Rapids, IA?
In the past year, rent has decreased by 0.2%, which averages out to $1 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 Rapids, IA
Last Updated January 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
31%
Below $700/month
38%
$700 - $1,000/month
25%
$1,001 - $1,500/month
5%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Cedar Rapids?
Based on current rent prices, Wellington Heights, Cedar Hills and Southwest Area are the most affordable neighborhoods in Cedar Rapids.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Cedar Rapids?
Based on current rent prices, Oakhill Jackson, Downtown Cedar Rapids and Kenwood Park are the most expensive neighborhoods in Cedar Rapids.
Neighborhood
Average Rent
Average Sq Ft
Which Cedar Rapids neighborhoods have the most rentals available?
The neighborhoods in Cedar Rapids with the most apartments available are Iowa City/Waterloo, Downtown Cedar Rapids and Oakhill Jackson .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Cedar Rapids, IA?
Because the average rent in Cedar Rapids is $762, you’ll want to make about $2,540 per month or $30,480 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 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.
Studio
-
$1,395/month
One Bedroom
-
$1,317/month
Two Bedroom
-
$1,589/month
Three Bedroom
-
-
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Seldin Company
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Artisan Management Group
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Executive Management & Real Estate LTD
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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.