Rentometer, Inc. | Data as of 12/04/2025
Cedar Falls, nestled in the heart of Iowa, blends a lively university atmosphere with a welcoming Midwestern charm. Home to the University of Northern Iowa, the city boasts a vibrant downtown corridor filled with boutique shops, local eateries, and cultural venues such as the Cedar Falls Art Center. Outdoor enthusiasts enjoy the scenic Cedar River trail, Bryant Park, and the nearby Black Hawk County Nature Preserve, making it an ideal setting for renters who value both convenience and recreation.
The rental market in Cedar Falls offers a balanced mix of apartments and single‑family homes, catering to a range of lifestyle preferences. Studio apartments typically fall within the $800s, while one‑bedroom units are commonly found in the $1000s. Two‑bedroom apartments often rent in the $1300s, with median rents edging toward $1200, and larger three‑ and four‑plus bedroom units reaching the $1400‑$1600 range. For those seeking more space, houses provide comfortable two‑bedroom options in the $1400s, three‑bedroom homes around the $1500s, and expansive four‑plus bedroom properties that can approach the $1800s, reflecting the quality of larger family‑oriented residences.
Neighborhoods such as University Hill, East Cedar, and the historic downtown district each offer distinct advantages—from walkable access to campus and downtown nightlife to quieter, tree‑lined streets perfect for families. Proximity to educational institutions, medical centers, and retail hubs ensures renters enjoy a well‑rounded lifestyle. Whether you’re a student, a young professional, or a growing family, Cedar Falls provides a welcoming community and diverse housing options to suit every stage of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $888 | $795 | $735 - $1,135 | $735 - $1,135 |
| Apartment | 1 Bedroom | $1,059 | $980 | $362 - $1,750 | $825 - $1,350 |
| Apartment | 2 Bedroom | $1,376 | $1,215 | $700 - $3,433 | $1,010 - $1,600 |
| Apartment | 3 Bedroom | $1,332 | $1,275 | $875 - $2,400 | $1,100 - $1,350 |
| Apartment | 4+ Bedroom | $1,456 | $1,600 | $295 - $2,000 | $1,400 - $1,700 |
| House | 2 Bedroom | $1,450 | $1,325 | $775 - $2,950 | $1,200 - $1,500 |
| House | 3 Bedroom | $1,493 | $1,515 | $775 - $2,300 | $1,350 - $1,600 |
| House | 4+ Bedroom | $1,875 | $1,800 | $1,200 - $2,700 | $1,650 - $2,020 |
In the current period, the average rent in Cedar Falls was $888 for Studio, $1,088 for 1 Bedroom, $1,415 for 2 Bedroom, $1,471 for 3 Bedroom, and $1,806 for 4+ Bedroom.
Data provided by Rentometer, Inc.