Most Affordable Neighborhoods in Cedar Rapids, IA
Some of the cheapest neighborhoods in Cedar Rapids are Wellington Heights, Southwest Area, and Cedar Hills. These neighborhoods offer some of the lowest rent prices in Cedar Rapids, making them ideal for renters on a budget. As of March 27, 2025, the average rent in Cedar Rapids is $765, which is 0.1% lower 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
$582/Month
TransitScore® Rating
29/100
Units Available
2 Rentals
Wellington Heights is an affordable neighborhood in Cedar Rapids with an average rent price of $582. Compare this to the city average of $765. Wellington Heights provides easy access to Indian Creek Nature Center, Vernon Village, and Wickiup Hill Outdoor Learning Center. It’s a walkable neighborhood with a WalkScore® of 73.
Southwest Area
Average Rent
$756/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
22/100
Units Available
4 Rentals
If you’re looking for a great, affordable neighborhood in Cedar Rapids, Southwest Area might be the perfect place! It has an average rent price of $756, while the city’s average stands at $765. In the last year, prices have increased by 3.5%. Southwest Area is near Kirkwood C.C., Cedar Rapids, Mount Mercy University, and Palisades-Dow Observatory.
Cedar Hills
Average Rent
$761/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
24/100
Units Available
14 Rentals
Cedar Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cedar Hills is $761 while the city average is $765. This is a 3% difference from last year. Residents enjoy convenient access to Cypress Plaza, Wickiup Hill Outdoor Learning Center, and The University of Iowa. The neighborhood is considered somewhat walkable with a WalkScore® of 60.
Northwest Area
Average Rent
$833/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
24/100
Units Available
3 Rentals
When you’re looking for a great Cedar Rapids neighborhood on a budget, check out Northwest Area. The average rent is $833, compared to the city average of $765. Rent prices have increased by 3.4%. Northwest Area is convenient to The Eastern Iowa, Indian Creek Nature Center, and The University of Iowa. The community is car-dependent with a WalkScore® of 41.
Lincolnway Village
Average Rent
$967/Month
Year-Over-Year Rent Change
5.2%
TransitScore® Rating
23/100
Units Available
2 Rentals
Lincolnway Village is an affordable neighborhood in Cedar Rapids with an average rent price of $967. Compare this to the city average of $765. In the past year, rent prices have increased by 5.2%. Lincolnway Village provides easy access to Kirkwood C.C., Cedar Rapids, The University of Iowa, and Edgewood Crossings. It’s a car-dependent neighborhood with a WalkScore® of 24.
Kenwood Park
Average Rent
$1,022/Month
TransitScore® Rating
24/100
Units Available
37 Rentals
If you’re looking for a great, affordable neighborhood in Cedar Rapids, Kenwood Park might be the perfect place! It has an average rent price of $1,022, while the city’s average stands at $765. Kenwood Park is near Indian Creek Nature Center, The University of Iowa, and The Eastern Iowa.
Iowa City/Waterloo
Average Rent
$1,067/Month
Units Available
417 Rentals
Iowa City/Waterloo is a top choice for budget-conscious renters for a variety of reasons. The average rent in Iowa City/Waterloo is $1,067 while the city average is $765.
Downtown Cedar Rapids
Average Rent
$1,138/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
34/100
Units Available
136 Rentals
When you’re looking for a great Cedar Rapids neighborhood on a budget, check out Downtown Cedar Rapids. The average rent is $1,138, compared to the city average of $765. Rent prices have decreased by 0.3%. Downtown Cedar Rapids is convenient to Duchess Plaza, Kirkwood C.C., Cedar Rapids, and The Eastern Iowa. The community is walkable with a WalkScore® of 75.
Oakhill Jackson
Average Rent
$1,221/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
30/100
Units Available
89 Rentals
Oakhill Jackson is an affordable neighborhood in Cedar Rapids with an average rent price of $1,221. Compare this to the city average of $765. In the past year, rent prices have increased by 0.4%. Oakhill Jackson provides easy access to Kirkwood C.C., Cedar Rapids, Palisades-Dow Observatory, and Duchess Plaza. It’s a somewhat walkable neighborhood 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.