Rental market trends in Cedar Rapids, IA
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Average Apartment Cost in Cedar Rapids, IA
Apartment Rent Ranges in Cedar Rapids, IA
| Apartment Prices | Proportion | |||
|---|---|---|---|---|
30% | 36% | 16% | 5% | 13% |
Neighborhood Apartment Rent Trends in Cedar Rapids, IA
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Downtown | $1,150 | +115% |
| Kingston District | $1,150 | -- |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Taylor | $1,300 | -- |
| Kingston District | $1,200 | -- |
| Downtown | $950 | +33% |
| Cedar Hills | $750 | +3% |
| Southwest Area | $725 | +4% |
| Upper Northwest | $700 | -- |
| Mound View | $635 | -- |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Downtown | $1,700 | +99% |
| Kingston District | $1,700 | -- |
| Cedar Hills | $900 | +4% |
| Taylor | $895 | -- |
| Southwest Area | $797 | 0% |
| Upper Northwest | $750 | -- |
How Other Cities Compare to Cedar Rapids, IA
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Iowa City | $1,225 | -- |
| Waterloo | $1,075 | +2% |
| Marion | $890 | -19% |
| Coralville | $675 | -- |
| Tama | $650 | -- |
| Toledo | $550 | -- |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Iowa City | $1,199 | +20% |
| Waterloo | $1,145 | +43% |
| Marion | $1,090 | -1% |
| Coralville | $775 | +2% |
| Toledo | $725 | +4% |
| Hiawatha | $675 | +4% |
| Tipton | $625 | -- |
| Tama | $600 | -- |
| North Liberty | $500 | -- |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Tiffin | $1,675 | +8% |
| Iowa City | $1,636 | +102% |
| Waterloo | $1,550 | +73% |
| Independence | $1,300 | -- |
| North Liberty | $1,217 | +14% |
| Marion | $1,210 | +62% |
| Coralville | $885 | +6% |
| Tama | $800 | +10% |
| Hiawatha | $775 | -3% |
| Evansdale | $775 | -- |
| Toledo | $725 | +4% |
| Tipton | $700 | -- |
Cedar Rapids, IA Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 |
| $589 | $639 | $643 | $1150 | $1150 | $995 | $1150 | $1150 | $1150 | $1150 | $900 | $650 | $575 |
| $675 | $730 | $675 | $849 | $815 | $797 | $779 | $762 | $772 | $755 | $750 | $757 | $750 |
| $857 | $870 | $868 | $865 | $887 | $905 | $897 | $872 | $870 | $881 | $895 | $900 | $880 |
| $1042 | $1055 | $1063 | $1072 | $1072 | $1051 | $1030 | $1033 | $1092 | $1060 | $1000 | $1025 | $1010 |
Neighborhood Information for Cedar Rapids, IA
What are the most affordable neighborhoods in Cedar Rapids, IA?
The most affordable neighborhoods in Cedar Rapids are Mound View, where the average 1-bedroom apartment rent goes for $635, Upper Northwest, where renters pay $700 on average for a 1-bedroom apartment, and Southwest Area, where the average 1-bedroom apartment rent goes for $725. If you're looking for other great deals, check out the listings in Cedar Hills ($750 for a 1-bedroom apartment) or Downtown ($950 for a 1-bedroom apartment), compared to the $757 average for a Cedar Rapids 1-bedroom apartment.
What are the most expensive neighborhoods in Cedar Rapids, IA?
The most expensive neighborhoods in Cedar Rapids are Taylor, where the average 1-bedroom apartment rent goes for $1,300, Kingston District, where renters pay $1,200 on average for a 1-bedroom apartment, and Downtown, where the average 1-bedroom apartment rent goes for $950. If you're looking for other premium neighborhoods, check out the listings in Cedar Hills ($750 for a 1-bedroom apartment) or Southwest Area ($725 for a 1-bedroom apartment), compared to the $757 average for a Cedar Rapids 1-bedroom apartment.
What are the most popular neighborhoods in Cedar Rapids, IA?
The most popular neighborhoods in Cedar Rapids are Mound View, where the average 1-bedroom apartment rent goes for $635, Downtown, where renters pay $950 on average for a 1-bedroom apartment, and Kingston District, where the average 1-bedroom apartment rent goes for $1,200. If you're looking for other popular neighborhoods, check out the listings in Upper Northwest ($700 for a 1-bedroom apartment) or Taylor ($1,300 for a 1-bedroom apartment), compared to the $757 average for a Cedar Rapids 1-bedroom apartment.
