Most Affordable Neighborhoods in Cedar Rapids, IA
Some of the cheapest neighborhoods in Cedar Rapids are Wellington Heights, Northwest Area, and Southwest Area. These neighborhoods offer some of the lowest rent prices in Cedar Rapids, making them ideal for renters on a budget. As of April 17, 2025, the average rent in Cedar Rapids is $776, which is 1.8% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Wellington Heights
Average Rent
$615/Month
TransitScore® Rating
29/100
Units Available
1 Rentals
Wellington Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Wellington Heights is $615 while the city average is $776. Residents enjoy convenient access to Kirkwood C.C., Cedar Rapids, Mount Mercy University, and Kirkwood C.C., Iowa City. The neighborhood is considered walkable with a WalkScore® of 73.
Northwest Area
Average Rent
$699/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
24/100
Units Available
1 Rentals
When you’re looking for a great Cedar Rapids neighborhood on a budget, check out Northwest Area. The average rent is $699, compared to the city average of $776. Rent prices have increased by 3%. Northwest Area is convenient to Edgewood Plaza, Kirkwood C.C., Iowa City, and The University of Iowa. The community is car-dependent with a WalkScore® of 41.
Southwest Area
Average Rent
$735/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
22/100
Units Available
4 Rentals
Southwest Area is an affordable neighborhood in Cedar Rapids with an average rent price of $735. Compare this to the city average of $776. In the past year, rent prices have increased by 2.9%. Southwest Area provides easy access to Williams Plaza, The University of Iowa, and The Eastern Iowa. It’s a car-dependent neighborhood with a WalkScore® of 47.
Cedar Hills
Average Rent
$770/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
24/100
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Cedar Rapids, Cedar Hills might be the perfect place! It has an average rent price of $770, while the city’s average stands at $776. In the last year, prices have increased by 2%. Cedar Hills is near Cypress Plaza, Wickiup Hill Outdoor Learning Center, and Cedar Hills Shopping Center.
Lincolnway Village
Average Rent
$967/Month
Year-Over-Year Rent Change
4.2%
TransitScore® Rating
23/100
Units Available
2 Rentals
Lincolnway Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lincolnway Village is $967 while the city average is $776. This is a 4.2% difference from last year. Residents enjoy convenient access to Van Bueren Village, Kirkwood C.C., Iowa City, and Palisades-Dow Observatory. The neighborhood is considered car-dependent with a WalkScore® of 24.
Iowa City/Waterloo
Average Rent
$1,069/Month
Units Available
352 Rentals
When you’re looking for a great Cedar Rapids neighborhood on a budget, check out Iowa City/Waterloo. The average rent is $1,069, compared to the city average of $776.
Kenwood Park
Average Rent
$1,117/Month
TransitScore® Rating
24/100
Units Available
24 Rentals
Kenwood Park is an affordable neighborhood in Cedar Rapids with an average rent price of $1,117. Compare this to the city average of $776. Kenwood Park provides easy access to The University of Iowa, Lindale Center, and The Eastern Iowa. It’s a walkable neighborhood with a WalkScore® of 71.
Downtown Cedar Rapids
Average Rent
$1,118/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
34/100
Units Available
123 Rentals
If you’re looking for a great, affordable neighborhood in Cedar Rapids, Downtown Cedar Rapids might be the perfect place! It has an average rent price of $1,118, while the city’s average stands at $776. In the last year, prices have increased by 2.2%. Downtown Cedar Rapids is near Edgewood Plaza, The Eastern Iowa, and The University of Iowa.
Oakhill Jackson
Average Rent
$1,224/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
30/100
Units Available
82 Rentals
Oakhill Jackson is a top choice for budget-conscious renters for a variety of reasons. The average rent in Oakhill Jackson is $1,224 while the city average is $776. This is a -0.1% difference from last year. Residents enjoy convenient access to The University of Iowa, Kirkwood C.C., Cedar Rapids, and The Eastern Iowa. The neighborhood is considered somewhat walkable with a WalkScore® of 68.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.