Cedar Rapids, IA Rental Market
Cedar Rapids is Iowa's second-largest city and a manufacturing and food processing hub, home to Quaker Oats (PepsiCo), General Mills, Ingredion, and Rockwell Collins (Collins Aerospace). The city's industrial base provides stable blue-collar and technical employment, supplemented by Coe College and Mount Mercy University. Low home values relative to rents produce solid gross yields for patient investors.
Get a rent estimate for an address in Cedar RapidsAverage Rent in Cedar Rapids, IA
$980
per month · 2026-06
Market Score
Key Facts — Cedar Rapids, IA Rental Market
- Average rent in Cedar Rapids, IA:$980/mo
- Median rent:$902/mo
- Rent range:$500 – $2,150/mo
- Most common rental (2 bedrooms):$875/mo
- Active listings:680
- Avg days to lease:34 days
- Year-over-year change:+2.8%
- Median home value:$170,000
- Est. gross annual yield:6.9%
- Data as of:2026-06
Rent by Bedroom in Cedar Rapids, IA
Average monthly rent for each bedroom type based on current active listings in Cedar Rapids.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $875/mo |
3 Bedrooms | $1,100/mo |
4 Bedrooms | $1,350/mo |
5 Bedrooms | $1,550/mo |
Cedar Rapids Rental Market Statistics
Key indicators from the current Cedar Rapids, IA rental market.
680
Available now in Cedar Rapids
34
From list to lease
$0.79
Average across listings
1,244 sq ft
Typical rental size
$500 – $2,150
Min to max active listings
+2.8%
Avg rent vs. prior year
Investing in Cedar Rapids, IA Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$170,000
Typical purchase price in Cedar Rapids
Est. Gross Annual Yield
6.9%
Before expenses & vacancy
Avg Monthly Income
$980
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Cedar Rapids for a full cash-flow breakdown including all costs.
Cedar Rapids, IA Rental Market FAQ
Common questions about renting and investing in Cedar Rapids, IA.
What is the average rent in Cedar Rapids, IA?
The average rent in Cedar Rapids, IA is $980 per month as of 2026. One-bedroom apartments average $700/mo, two-bedrooms $875/mo, and three-bedroom homes $1,100/mo. Cedar Rapids offers some of the most affordable rents of any larger Iowa city.
Is Cedar Rapids, IA a good place to invest in rental property?
Cedar Rapids offers a 6.9% estimated gross annual yield with very accessible home prices (~$170,000). Collins Aerospace, Quaker Oats, and General Mills provide stable manufacturing employment that anchors rental demand. Best suited for cash-flow investors comfortable with a mid-size Iowa market.
How competitive is the Cedar Rapids, IA rental market?
Cedar Rapids averages 34 days on market with approximately 680 active listings. The market is moderately competitive — properties near Collins Aerospace and the major food processing corridors tend to lease faster. The New Bohemia arts district and downtown apartments attract young professional renters.
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