Apartments in Grant Wood Cedar Rapids

Cedar Rapids:
December Rent Report

Welcome to the December 2024 Cedar Rapids Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Cedar Rapids rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Cedar Rapids and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Cedar Rapids average rent prices in the chart below.

December Prices: Cedar Rapids vs. Surrounding Areas

Rent Prices in Cedar Rapids and Surrounding Areas

Rent prices have decreased in Cedar Rapids over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Cedar Rapids suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

• Rent increased in Marion, IA, Hiawatha, IA .

• Rents did not decrease in any of the Cedar Rapids suburbs.

• 2 suburbs are currently priced lower than the city of Cedar Rapids.

Data set for Cedar Rapids and suburbs

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.