Cedar Rapids, IA Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in Cedar Rapids, IA
The median asking rent in Cedar Rapids, IA is $1,525 as of July 2026, based on active rental listings across the metro. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $172,537, that rent level prices Cedar Rapids, IA at a 10.24% gross rental yield — compared with 9.29% across Iowa.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Cedar Rapids, IA rent and rental yield comparison
The current Cedar Rapids, IA baseline is $1,525 median asking rent and 10.24% gross rental yield. Compare rent, yield, and home values with selected Iowa metros, then open a public report or Rental Insights for property-level follow-up.
Des Moines-West Des Moines, IA
Des Moines-West Des Moines, IA median asking rent is $1,795, $270 (17.7%) higher than the $1,525 median asking rent in Cedar Rapids, IA.
- Median rent
- $1,795
- Gross yield
- 8.80%
- Avg home value
- $247,131
Waterloo-Cedar Falls, IA
Waterloo-Cedar Falls, IA median asking rent is $1,250, $275 (18%) lower than the $1,525 median asking rent in Cedar Rapids, IA.
- Median rent
- $1,250
- Gross yield
- 10.77%
- Avg home value
- $152,926
Davenport-Moline-Rock Island, IA-IL
Davenport-Moline-Rock Island, IA-IL median asking rent is $1,550, $25 (1.6%) higher than the $1,525 median asking rent in Cedar Rapids, IA.
- Median rent
- $1,550
- Gross yield
- 10.37%
- Avg home value
- $190,468
Iowa City, IA
Iowa City, IA median asking rent is $2,095, $570 (37.4%) higher than the $1,525 median asking rent in Cedar Rapids, IA.
- Median rent
- $2,095
- Gross yield
- 8.75%
- Avg home value
- $286,362
Clinton, IA
Clinton, IA median asking rent is $1,200, $325 (21.3%) lower than the $1,525 median asking rent in Cedar Rapids, IA.
- Median rent
- $1,200
- Gross yield
- 13.54%
- Avg home value
- $104,199
Burlington, IA-IL
Burlington, IA-IL median asking rent is $1,000, $525 (34.4%) lower than the $1,525 median asking rent in Cedar Rapids, IA.
- Median rent
- $1,000
- Gross yield
- 13.79%
- Avg home value
- $102,838
Fort Dodge, IA
Fort Dodge, IA median asking rent is $1,000, $525 (34.4%) lower than the $1,525 median asking rent in Cedar Rapids, IA.
- Median rent
- $1,000
- Gross yield
- 12.89%
- Avg home value
- $82,205
Muscatine, IA
Muscatine, IA median asking rent is $1,000, $525 (34.4%) lower than the $1,525 median asking rent in Cedar Rapids, IA.
- Median rent
- $1,000
- Gross yield
- 11.81%
- Avg home value
- $114,350
Cedar Rapids, IA rent and yield FAQ
Quick answers based on the latest Cedar Rapids, IA rental listing and transaction data.
What is the average rent in Cedar Rapids, IA?
As of July 2026, the median asking rent in Cedar Rapids, IA is $1,525. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in Cedar Rapids, IA?
Cedar Rapids, IA currently prices at a 10.24% gross rental yield, versus 9.29% across Iowa. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from Cedar Rapids, IA market context to property-level screening
Open Rental Insights with Cedar Rapids, IA selected, then pair the yield signal with investor activity and rental data workflows.