Rentometer, Inc. | Data as of 10/23/2025
Cedar Rapids, Iowa, offers a dynamic rental market that blends the charm of a mid‑Midwest city with the convenience of modern living. The city’s vibrant downtown, historic neighborhoods, and growing tech corridor attract a diverse mix of renters, from young professionals to families seeking spacious homes. With a balance of apartments and single‑family houses, the local market accommodates a wide range of lifestyle preferences while reflecting the city’s reputation for affordability and community‑focused amenities.
Renters can choose from sleek studio apartments typically falling in the $900‑$1,000 range, while one‑ and two‑bedroom units provide comfortable options for couples and small families. Larger three‑bedroom apartments often sit near the $1,300 mark, and upscale four‑plus bedroom units command rates in the $1,600‑$1,800 bracket. Single‑family houses are equally varied, with two‑bedroom homes offering competitive pricing and three‑bedroom houses delivering more space for growing households. This breadth of price points ensures that both first‑time renters and long‑term residents find suitable accommodations within Cedar Rapids’ welcoming environment.
Several neighborhoods stand out for their unique appeal. The historic East Village blends boutique shops, eclectic dining, and walkable streets, making it a hotspot for apartment seekers. Suburban enclaves such as Southwest Cedar Rapids and the Cedar Ridge area provide newer housing developments and larger homes, ideal for families desiring a quieter setting. Proximity to attractions like the Cedar Rapids Museum of Art, the iconic Cedar River, and numerous parks enhances the quality of life, reinforcing Cedar Rapids as a desirable destination for renters across Iowa.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $983 | $930 | $680 - $1,395 | $770 - $1,190 |
| Apartment | 1 Bedroom | $911 | $826 | $470 - $3,905 | $700 - $980 |
| Apartment | 2 Bedroom | $1,119 | $1,010 | $485 - $4,740 | $863 - $1,250 |
| Apartment | 3 Bedroom | $1,284 | $1,262 | $425 - $1,970 | $1,100 - $1,430 |
| Apartment | 4+ Bedroom | $1,375 | $1,255 | $1,200 - $1,650 | $1,245 - $1,525 |
| House | 2 Bedroom | $1,069 | $1,100 | $500 - $1,800 | $950 - $1,225 |
| House | 3 Bedroom | $1,414 | $1,350 | $700 - $4,950 | $1,200 - $1,500 |
| House | 4+ Bedroom | $1,841 | $1,675 | $1,250 - $3,200 | $1,450 - $2,100 |
In the current period, the average rent in Cedar Rapids was $983 for Studio, $909 for 1 Bedroom, $1,109 for 2 Bedroom, $1,377 for 3 Bedroom, and $1,743 for 4+ Bedroom.
Data provided by Rentometer, Inc.