Cedar Rapids, Iowa Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Cedar Rapids, Iowa rental market.
Cedar Rapids, Iowa
Average Apartment Rent
$1,069
Y-o-Y Change in Average
Apartment Rent
Infinity%
As of May 2026
Compared to a year ago, Cedar Rapids, Iowa apartments have recorded a Infinity% rent increase.
Cedar Rapids, Iowa Average apartment rent trend
Cedar Rapids, Iowa Average Apartment Rent
Cedar Rapids, Iowa Apartment rent ranges
At 53.22%, apartments priced Under $1,000 represent the bulk of Cedar Rapids, Iowa rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 9.66%.
Cedar Rapids, Iowa Housing tenure**
Renters take up 30% of Cedar Rapids, Iowa real estate, occupying a total of 17,731 units, while homeowners live in 40,552 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$37,253
Average household size of renter-occupied housing units**
2.05
Rental vacancy rate**
9.9%
Cedar Rapids, Iowa Renter-occupied housing units by no. of bedrooms**
There are 7,981 rentals in Cedar Rapids, Iowa with 2 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 124 units. Overall, the median number of rooms in Cedar Rapids, Iowa homes for rent is 3.9.
Cedar Rapids, Iowa Renter-occupied units by age of householder**
Most condos for rent in Cedar Rapids, Iowa are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Cedar Rapids, Iowa Renter-occupied housing units by family type**
Cedar Rapids, Iowa Renter-occupied housing units by the presence of own children**
A total of 6,556 apartments for rent in Cedar Rapids, Iowa, or 37% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 4,244 units. All in all, the median size of a renter-occupied household in Cedar Rapids, Iowa is 2.05.
Cedar Rapids, Iowa Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 22% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Cedar Rapids, Iowa.
Cedar Rapids, Iowa Renter-occupied units by year structure built**
The highest share of Cedar Rapids, Iowa apartment rentals, namely 20% or 3,480 units, were Built 1970 - 1979, followed by those Built 1939 or earlier (14%, 2,446 units), and the ones Built 1960 - 1969 (13%, 2,283 units).
Cedar Rapids, Iowa Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Cedar Rapids, Iowa renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Cedar Rapids, Iowa condos for rent is 2018.
Cedar Rapids, Iowa Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Cedar Rapids, Iowa renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 15% have No vehicle available.
Cedar Rapids, Iowa Means of transportation to work of householders living in renter-occupied housing units**
Cedar Rapids, Iowa Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Cedar Rapids, Iowa apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
