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500 On 1st Apartment for rent in Cedar Rapids, IA
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2 of 23 500 On 1st Apartment for rent in Cedar Rapids, IA
3 of 23 500 On 1st Apartment for rent in Cedar Rapids, IA
4 of 23 500 On 1st Apartment for rent in Cedar Rapids, IA
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Updated 1 hour ago

500 On 1st


500 1st St SW Cedar Rapids, IA

Studio
1 Bath

512 Sq. Ft.

Available starting Aug. 8th
Studio • 1 Bath
$895
512 ft2
1 Available
Managed By: Pivot Real Estate
Unit 205
$895
Available Aug 8th, 2025
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
63
Somewhat Walkable
Transit Score®
37
Some Transit
Bike Score®
76
Very Bikeable
Amenities
On-site Laundry
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Public Transportation
Internet Included
Breakfast Bar
Pantry
Elevator
Meal Plan Available
Smoke-free Community
High-speed Internet
Microwave
Range / Oven
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit: $800
Property details
Description

Welcome to 500 on 1st: Experience the thrill of urban living from a whole new perspective. Your large rooftop balcony is not just a space—it's a stage for memorable evenings, breathtaking sunsets, and a front-row seat to live music performances at the renowned McGrath Amphitheatre.
Located just minutes away from downtown's finest restaurants, shopping districts, and cultural hotspots, 500 on 1st Apartments offers the perfect blend of city living and suburban tranquility. You're never far from the action, yet you can retreat to your peaceful haven whenever you desire.
Opportunities like this are rare and highly sought-after. Secure your spot in 500 on 1st before it's too late. Contact us today to schedule a private tour and make your dream of living in the heart of the city a reality!
We are a smoke-free community.
Short and long-term leases available. Leases under 12 months carry an additional monthly charge.
We offer easy online application process, online payment options and electronic lease signings!
We are happy to offer a discounted rate through The MAC Fitness Center in Cedar Rapids/Marion - ask us about this today!
* All specials are subject to terms and conditions.
* Unit advertised and toured may be slightly different based on current availability and schedule.
* Pets and short-term leases are subject to additional fees and restrictions.
Professionally Managed by Q4 Real Estate. 1950 Boyson Road, Hiawatha, Iowa 52233
We are pledged to the letter and spirit of the U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, or national origin.
View more details about this property at: https://q4rentals.com/property/500-on-1st/

Additional Details
Total Unit Count: 36
Last Updated: Updated 1 hour ago
Contact Number: (319) 294-3339
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Mediacom Communications Corp. 1000.0 50.0
Mediacom Communications Corp. 100.0 10.0
ViaSat, Inc. 35.0 3.0
JAB Wireless, Inc. 25.0 5.0
Hughes Network Systems, LLC 25.0 3.0
Data from June 2020 provided by the FCC
Photos Floor Plans Amenities
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 500 On 1st by bedroom type below.
Studio
Suggested income:
$32,200
per year
Rent report

500 On 1st Rent vs. Cedar Rapids Average

 500 On 1st      Cedar Rapids Average
Studio
$895
$912
$0
$300
$600
$900
$1,200

500 On 1st is asking 2% less than the average studio apartment in Cedar Rapids.

If you upsized to an average priced Cedar Rapids 1 bedroom apartment, you would pay 0% less per month.

500 On 1st provides 8% less square footage than the average Cedar Rapids studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
500 On 1st
Studio $895 $1.70 $2,685
Cedar Rapids Average
Studio $912 $1.60 $2,735
1BR $911 $1.30 $2,733
2BR $1,090 $1.20 $3,270
3BR $1,454 $1.20 $4,363
4BR $1,525 $0.80 $4,575

Availability in Cedar Rapids

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 137 1BR units on the market in Cedar Rapids. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
13% 38% 37% 11% 1%
Available Units in Cedar Rapids
Studio 48
1BR 137
2BR 133
3BR 40
4BR 5
Location
Nearby College
Nearby Hospitals
Name Distance
Mercy Medical Center 0.87 mi.
St. Luke's Methodist Hospital 1.02 mi.
Continuing Care Hospital 1.08 mi.
Nearby Fire Stations
Name Distance
Cedar Rapids Volunteer Fire Department 0.23 mi.
Eastern Iowa Airport Police/ Fire Department 3.06 mi.
Cedar Rapids Fire Department 3.06 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
There are no units with move-in dates in the next 2 months. The next unit is available for move-in on August 08, 2025.
What's the square footage of the available units?
It's 512 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
Where is this property located?
This property is at 500 1st St SW in Cedar Rapids, IA. It's 2.5 miles southwest from the center of Cedar Rapids.
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