5+ Days Ago
Highlights
- Welcoming atmosphere
- Comfortable living
Location
1617 Rainbow Dr, Cedar Falls, IA 50613, USA
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Property Overview
Rainbow Dr 1617-1619 offers a welcoming atmosphere with comfortable living, supported by a strong overall rating of 8.4 out of 10. It stands out for excellent value, solid amenities, and a highly convenient location, with nearby grocery, transit, and school access adding to its appeal.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 960 sqft | $1,050 /mo | 1 unit available | Enjoy comfortable living in this 2-bedroom, 1-bath upstairs duplex located at 1617 Rainbow Drive in Cedar Falls. This inviting unit features bright living spaces, plenty of natural light, and a welcoming atmosphere that feels like home, and convenient access to shopping, dining, and local amenities. |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 2 |
|---|
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About Rainbow Dr 1617-1619
Enjoy comfortable living in this 2-bedroom, 1-bath upstairs duplex located at 1617 Rainbow Drive in Cedar Falls. This inviting unit features bright living spaces, plenty of natural light, and a welcoming atmosphere that feels like home, and convenient access to shopping, dining, and local amenities.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very GoodWith a solid 8.4 out of 10 overall, Rainbow Dr 1617-1619 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Rainbow Dr 1617-1619 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Rainbow Dr 1617-1619 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Rainbow Dr 1617-1619 is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Rainbow Dr 1617-1619 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Rainbow Dr 1617-1619 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Rainbow Dr 1617-1619 compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.5 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
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Rent trends in Cedar Falls
2-bedroom apartments at Rainbow Dr 1617-1619 cost about 7% less than the average rent price for 2-bedroom apartments in Cedar Falls.
Median rents as of Jun 13 2026.
Cedar Falls
| Month | Median Rent |
|---|---|
| June 2024 | $900 |
| July 2024 | $895 |
| August 2024 | $895 |
| September 2024 | $895 |
| October 2024 | $895 |
| November 2024 | $837 |
| December 2024 | $802 |
| January 2025 | $795 |
| February 2025 | $806 |
| March 2025 | $802 |
| April 2025 | $890 |
| May 2025 | $950 |
| June 2025 | $931 |
| July 2025 | $915 |
| August 2025 | $950 |
| September 2025 | $930 |
| October 2025 | $939 |
| November 2025 | $865 |
| December 2025 | $807 |
| January 2026 | $833 |
| February 2026 | $839 |
| March 2026 | $875 |
| April 2026 | $906 |
| May 2026 | $998 |
| June 2026 | $999 |
Affordability calculator
Can I afford to live at 1617 Rainbow Dr?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$42,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $42,000 annually to afford this 2-bedrooms monthly rent price of $1,050.
For more information on rent affordability, visit our rent calculator.
Schools near Rainbow Dr 1617-1619
Cedar Heights Elementary School
2417 rainbow dr
cedar falls, IA, 50613
PK, K-6Public
B
Cedar Falls Virtual Campus
1002 w 1st st
cedar falls, IA, 50613
K-12Public
Bess Streeter Aldrich Elementary School
2526 ashworth dr
cedar falls, IA, 50613
PK, K-6Public
A
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Internet available near Rainbow Dr 1617-1619
Neighborhood
Getting around Cedar Falls near 1617 Rainbow Dr
Walking
4/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
1/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 1617 Rainbow Dr, Cedar Falls
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
4/10
At least one high school within a 20-minute walk
Nightlife
3/10
Some bars within walking distance
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