Rental market snapshot for Cedar Rapids, Iowa

Cedar Rapids, Iowa Rental Property Market Overview

Cedar Rapids, Iowa is a vibrant city located in Linn County. According to the US Census, the population of Cedar Rapids was 136,467 in 2021. The city is home to a variety of attractions, including the National Czech & Slovak Museum & Library, the Cedar Rapids Museum of Art, and the Brucemore Mansion. Cedar Rapids also boasts a variety of outdoor activities, such as the Cedar Rapids Riverwalk, the Indian Creek Nature Center, and the Cedar Rapids Freedom Festival. With its diverse population and wide range of activities, Cedar Rapids is a great place to live and visit.

The average rent for an apartment in Cedar Rapids is $919. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Cedar Rapids Iowa | Cost of Living

  • The most expensive ZIP code in Cedar Rapids is 52401 with an average price of $1,121.
  • The cheapest ZIP code in Cedar Rapids is 52403 with an average price of $981.

Cedar Rapids ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
152401$1,121
252405$1,084
352402$1,024
452404$1,010
552403$981

Live near Cedar Rapids, Iowa's Top Sights and Attractions

Noelridge is a park located in the heart of Cedar Rapids, Iowa. It features a variety of outdoor activities, including a large lake, walking trails, a golf course, and a swimming pool. The park also has a variety of playgrounds, picnic areas, and a disc golf course. In addition, the park hosts a variety of events throughout the year, such as concerts, festivals, and outdoor movies.

Apache is an outdoor adventure park located in Cedar Rapids, Iowa. It features a variety of activities such as zip lining, rock climbing, and a ropes course. The park also has a paintball field, a laser tag arena, and a mini golf course. Apache is a great place for families to spend the day outdoors and have some fun.

Robbins Lake is a picturesque lake located in a park in Cedar Rapids, Iowa. It is surrounded by lush green trees and a paved walking path that circles the lake. Visitors can enjoy a peaceful stroll around the lake, take in the views of the surrounding nature, or take a break and relax on one of the benches. There is also a playground and picnic area for families to enjoy. Fishing is allowed in the lake, and it is stocked with a variety of fish species.

Ellis is a historic landmark located in Cedar Rapids, Iowa. It is a two-story, Italianate-style building that was built in 1883. The building is made of brick and features a distinctive cupola on the roof. Inside, visitors can explore the museum, which houses a variety of artifacts and exhibits related to the history of Cedar Rapids. The museum also features a gift shop, a theater, and a cafe. Outside, visitors can take a stroll through the gardens, which feature a variety of plants and flowers.

Morgan Creek Park is a picturesque outdoor destination located in a lush, green valley. Visitors can explore the park's trails, which wind through wooded areas and along the banks of a meandering creek. The park also features a playground, picnic areas, and a fishing pond. In the summer, visitors can cool off in the park's swimming pool, while in the winter, they can enjoy sledding and ice skating. With its natural beauty and recreational opportunities, Morgan Creek Park is a great place to spend a day outdoors.

This attraction is a unique outdoor space located along the Cedar River. It features a variety of activities such as walking trails, a playground, a fishing pier, and a boat launch. There are also picnic areas, a pavilion, and a large open grassy area perfect for playing sports or just relaxing. The area is also home to a variety of wildlife, making it a great spot for bird watching.

Pierce is a historic mansion located in Cedar Rapids, Iowa. Built in 1876, the mansion is a two-story, Italianate-style home with a wrap-around porch and a large, two-story portico. The interior of the house is filled with period antiques and features a grand staircase, ornate fireplaces, and intricate woodwork. Pierce is open to the public for tours and special events, and is listed on the National Register of Historic Places.

Mcgrath Amphitheatre is an outdoor entertainment venue located in a scenic park setting. It features a large stage with seating for up to 4,000 people, making it the perfect spot for concerts, festivals, and other special events. The amphitheatre is surrounded by lush green lawns, trees, and a picturesque lake, providing a beautiful backdrop for any event. The venue also offers a variety of concessions, restrooms, and other amenities to ensure a comfortable and enjoyable experience.

Jones is a historic theater located in the heart of downtown Cedar Rapids. Built in the 1920s, the theater has been restored to its original grandeur and features a variety of live performances, including plays, musicals, concerts, and comedy shows. The theater also hosts special events, such as movie screenings and lectures. The building itself is a beautiful example of Art Deco architecture, with its ornate lobby and intricate details.

Cherry Hill is a picturesque park located on the banks of the Cedar River. It features a variety of outdoor activities, including a playground, walking trails, picnic areas, and a fishing pier. The park also has a large open field, perfect for family gatherings and outdoor sports. In the winter, the park is transformed into a winter wonderland with a sledding hill, ice skating rink, and a warming house. Cherry Hill is a great place to spend a day outdoors, enjoying the beauty of nature.

Cedar Rapids, Iowa area median rent change by ZIP code map

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How does Cedar Rapids compare to other cities in Iowa?

citymedian price
Ankeny$1,417
Norwalk$1,340
Des Moines$1,150
Urbandale$1,020
Windsor Heights$1,020
Sioux City$1,010

Average household income in Cedar Rapids area graph - US Census

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The median household income in Cedar Rapids in 2021 was $63,170. This represents a 20.9% change from 2011 when the median was $52,242.

#categorypercent
0Less than $10,0004.6%
1$10,000 to $14,9993.2%
2$15,000 to $19,9993.8%
3$20,000 to $24,9994.6%
4$25,000 to $29,9994.6%
5$30,000 to $34,9994.8%
6$35,000 to $39,9994.5%
7$40,000 to $44,9996.0%
8$45,000 to $49,9994.0%
9$50,000 to $59,9999.3%
10$60,000 to $74,99910.6%
11$75,000 to $99,99915.0%
12$100,000 to $124,9998.9%
13$125,000 to $149,9995.7%
14$150,000 to $199,9995.7%
15$200,000 or more4.9%

Neighborhoods in Cedar Rapids

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Cedar Rapids is $919.
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