2

Studio Apartments for Rent in Cedar Rapids, IA

Section Image
  • /35

    Starting at $1,225 Per Month

    • Studio - 2 Beds

    455 16th Ave SE, Cedar Rapids, IA 52401

    Call us about our move-in specials!NewBo Lofts is a new luxury apartment community coming to the New Bohemia district in Cedar Rapids. This complex is comprised of 111 apartments. These units come with numerous amenities for residents including an on-site fitness center, lower level heated parking, car charging stations and more!ASK ABOUT OUR REDUCED RENT PROGRAM!

    NewBo Lofts

    (319) 519-4661

    455 16th Ave SE, Cedar Rapids, IA 52401
  • /11

    Starting at $1,315 Per Month

    • Studio - 1 Bed

    900 3rd St SE, Cedar Rapids, IA 52401

    Located in the heart of NewBo and our beautiful historic district Loftus offers spacious apartment homes with natural illumination to brighten your day! Take a stroll and visit the beautiful antique shops, cafes, and restaurants or simply enjoy the amazing views from your home or our rooftop patio. Be sure to take advantage of jumping on the bike trail or relaxing at NewBo Market with outdoor

    Loftus Apartments

    (319) 249-2426

    900 3rd St SE, Cedar Rapids, IA 52401

Why Live in Cedar Rapids

Cedar Rapids combines rich cultural heritage with modern amenities along the Cedar River. The New Bohemia District buzzes with local vendors and artisans at NewBo City Market, while the National Czech & Slovak Museum celebrates the city's European roots. Residents enjoy performances at the restored 1920s Paramount Theatre and browse extensive art collections at the Cedar Rapids Museum of Art, including works by Grant Wood. The historic Brucemore estate provides 26 acres of gardens and mansion tours, while outdoor enthusiasts explore Indian Creek Nature Center's trails and wildlife. The local food scene features innovative restaurants like Rodina, which sources local ingredients, and The Mill's award-winning fine dining.

The Cedar Rapids housing market presents diverse options across distinct neighborhoods. The median single family home price in Cherry Hill Park reaches $240,000, while Downtown Cedar Rapids single family homes have a median price of $98,500. Vernon Heights commands a median single family home price of $217,000. Townhomes throughout Cedar Rapids have a median price of $211,000, while one bedroom condos start at a median price of $142,500.

Cedar Rapids maintains a cost of living 3.8% above the national average. A family with school age children needs $114,000 annually to live comfortably, while renters require $55,000. Property taxes stand at 1.66%, slightly higher than nearby Waterloo at 1.53%. The city features strong public schools like Echo Hill Elementary School, rated A by Niche, and private institutions such as Xavier High School. Major employers include Collins Aerospace, General Mills, and Quaker Oats. The straightforward grid system and Cedar Rapids Transit bus service facilitate easy navigation throughout the city.

Frequently Asked Questions

How much does it cost to rent a home in Cedar Rapids, IA?
The median rent for a home in Cedar Rapids, IA is $1,500 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Cedar Rapids, IA?
To comfortably afford the median rent in Cedar Rapids, IA, a household needs to earn roughly $60,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,500 per month in Cedar Rapids, IA, renters typically need to show $4,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Cedar Rapids, IA?
In Cedar Rapids, IA, the price-to-rent ratio is 9.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Cedar Rapids, IA

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,500
Median Single Family Home Rent
$1,650
Median Condo Rent
$1,435
How to Rent a Home