Cedar Rapids vs Laredo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Laredo is 15% cheaper for renters. A 2-bedroom rents for $698/mo vs $800/mo in Cedar Rapids — saving $1,224/year.
Rent by Unit Size
| Unit Size | Cedar Rapids | Laredo | Difference |
|---|---|---|---|
| Studio | $530 | $463 | $67 |
| 1 Bedroom | $637 | $552 | $85 |
| 2 Bedrooms | $800 | $698 | $102 |
| 3 Bedrooms | $966 | $851 | $115 |
| 4 Bedrooms | $1,168 | $966 | $202 |
| Median Income | $45,870 | $40,343 | $5,527 |
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
Laredo
- Studio
- $463/mo
- 1 BR
- $552/mo
- 2 BR
- $698/mo
- 3 BR
- $851/mo
- 4 BR
- $966/mo
- Median Income
- $40,343/yr
Frequently Asked Questions
Is Cedar Rapids or Laredo cheaper to rent in?
Laredo is cheaper — a 2-bedroom Fair Market Rent is $698/mo vs $800/mo in Cedar Rapids. That's $102/mo or $1,224/year more expensive in Cedar Rapids (15% higher).
What is the 2-bedroom rent in Cedar Rapids vs Laredo?
The HUD Fair Market Rent for a 2-bedroom in Cedar Rapids is $800/month. In Laredo, a 2-bedroom FMR is $698/month.
How do incomes compare between Cedar Rapids and Laredo?
The median household income in Cedar Rapids is $45,870/year. In Laredo it is $40,343/year. Cedar Rapids has the higher median income.
What is the studio rent in Cedar Rapids vs Laredo?
A studio apartment Fair Market Rent in Cedar Rapids is $530/mo. In Laredo it is $463/mo.