Most Affordable Neighborhoods in Cedar Rapids, IA
Some of the cheapest neighborhoods in Cedar Rapids are Southwest Area, Cedar Hills, and Northwest Area. These neighborhoods offer some of the lowest rent prices in Cedar Rapids, making them ideal for renters on a budget. As of January 20, 2025, the average rent in Cedar Rapids is $761, which is 0.3% 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.
Southwest Area
Average Rent
$755/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
22/100
Units Available
7 Rentals
Southwest Area is an affordable neighborhood in Cedar Rapids with an average rent price of $755. Compare this to the city average of $761. In the past year, rent prices have increased by 2.9%. Southwest Area provides easy access to Duchess Plaza, Palisades-Kepler State Park, and The University of Iowa. It’s a car-dependent neighborhood with a WalkScore® of 47.
Cedar Hills
Average Rent
$774/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
24/100
Units Available
17 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 $774, while the city’s average stands at $761. In the last year, prices have increased by 0.9%. Cedar Hills is near Indian Creek Nature Center, Mount Mercy University, and Kirkwood C.C., Cedar Rapids.
Northwest Area
Average Rent
$875/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
24/100
Units Available
1 Rentals
Northwest Area is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northwest Area is $875 while the city average is $761. This is a 0.9% difference from last year. Residents enjoy convenient access to The University of Iowa, Williams Plaza, and Indian Creek Nature Center. The neighborhood is considered car-dependent with a WalkScore® of 41.
Iowa City/Waterloo
Average Rent
$1,027/Month
TransitScore® Rating
11/100
Units Available
410 Rentals
When you’re looking for a great Cedar Rapids neighborhood on a budget, check out Iowa City/Waterloo. The average rent is $1,027, compared to the city average of $761. Iowa City/Waterloo is convenient to Cedar Valley Arboretum & Botanic Gardens, Town & Country Shopping Center, and Bluedorn Science Imaginarium. The community is car-dependent with a WalkScore® of 9.
Kenwood Park
Average Rent
$1,076/Month
TransitScore® Rating
24/100
Units Available
33 Rentals
Kenwood Park is an affordable neighborhood in Cedar Rapids with an average rent price of $1,076. Compare this to the city average of $761. Kenwood Park provides easy access to The Eastern Iowa, Wickiup Hill Outdoor Learning Center, and Town & Country Shopping Center. It’s a walkable neighborhood with a WalkScore® of 71.
Downtown Cedar Rapids
Average Rent
$1,123/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
34/100
Units Available
120 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 $1,123, while the city’s average stands at $761. In the last year, prices have increased by 1.1%. Downtown Cedar Rapids is near Mount Mercy University, Indian Creek Nature Center, and The University of Iowa.
Oakhill Jackson
Average Rent
$1,247/Month
Year-Over-Year Rent Change
5.7%
TransitScore® Rating
30/100
Units Available
71 Rentals
Oakhill Jackson is a top choice for budget-conscious renters for a variety of reasons. The average rent in Oakhill Jackson is $1,247 while the city average is $761. This is a 5.7% difference from last year. Residents enjoy convenient access to Mount Mercy University, 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.