Cedar Rapids vs Evansville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Evansville is 15% cheaper for renters. A 2-bedroom rents for $694/mo vs $800/mo in Cedar Rapids — saving $1,272/year.
Rent by Unit Size
| Unit Size | Cedar Rapids | Evansville | Difference |
|---|---|---|---|
| Studio | $530 | $442 | $88 |
| 1 Bedroom | $637 | $564 | $73 |
| 2 Bedrooms | $800 | $694 | $106 |
| 3 Bedrooms | $966 | $844 | $122 |
| 4 Bedrooms | $1,168 | $981 | $187 |
| Median Income | $45,870 | $35,376 | $10,494 |
Cedar Rapids
- Studio
- $530/mo
- 1 BR
- $637/mo
- 2 BR
- $800/mo
- 3 BR
- $966/mo
- 4 BR
- $1,168/mo
- Median Income
- $45,870/yr
Evansville
- Studio
- $442/mo
- 1 BR
- $564/mo
- 2 BR
- $694/mo
- 3 BR
- $844/mo
- 4 BR
- $981/mo
- Median Income
- $35,376/yr
Frequently Asked Questions
Is Cedar Rapids or Evansville cheaper to rent in?
Evansville is cheaper — a 2-bedroom Fair Market Rent is $694/mo vs $800/mo in Cedar Rapids. That's $106/mo or $1,272/year more expensive in Cedar Rapids (15% higher).
What is the 2-bedroom rent in Cedar Rapids vs Evansville?
The HUD Fair Market Rent for a 2-bedroom in Cedar Rapids is $800/month. In Evansville, a 2-bedroom FMR is $694/month.
How do incomes compare between Cedar Rapids and Evansville?
The median household income in Cedar Rapids is $45,870/year. In Evansville it is $35,376/year. Cedar Rapids has the higher median income.
What is the studio rent in Cedar Rapids vs Evansville?
A studio apartment Fair Market Rent in Cedar Rapids is $530/mo. In Evansville it is $442/mo.