Cedar Rapids vs Lexington-Fayette
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cedar Rapids is 14% cheaper for renters. A 2-bedroom rents for $800/mo vs $913/mo in Lexington-Fayette — saving $1,356/year.
Rent by Unit Size
| Unit Size | Cedar Rapids | Lexington-Fayette | Difference |
|---|---|---|---|
| Studio | $530 | $595 | $65 |
| 1 Bedroom | $637 | $719 | $82 |
| 2 Bedrooms | $800 | $913 | $113 |
| 3 Bedrooms | $966 | $1,047 | $81 |
| 4 Bedrooms | $1,168 | $1,300 | $132 |
| Median Income | $45,870 | $47,838 | $1,968 |
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
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/yr
Frequently Asked Questions
Is Cedar Rapids or Lexington-Fayette cheaper to rent in?
Cedar Rapids is cheaper — a 2-bedroom Fair Market Rent is $800/mo vs $913/mo in Lexington-Fayette. That's $113/mo or $1,356/year more expensive in Lexington-Fayette (14% higher).
What is the 2-bedroom rent in Cedar Rapids vs Lexington-Fayette?
The HUD Fair Market Rent for a 2-bedroom in Cedar Rapids is $800/month. In Lexington-Fayette, a 2-bedroom FMR is $913/month.
How do incomes compare between Cedar Rapids and Lexington-Fayette?
The median household income in Cedar Rapids is $45,870/year. In Lexington-Fayette it is $47,838/year. Lexington-Fayette has the higher median income.
What is the studio rent in Cedar Rapids vs Lexington-Fayette?
A studio apartment Fair Market Rent in Cedar Rapids is $530/mo. In Lexington-Fayette it is $595/mo.