Updated 5+ Days Ago
Location
2603 Terrace Dr, Cedar Falls, IA 50613, USA
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Property Overview
Terrace Square earns a strong overall rating with especially high marks for amenities, location, and value for money, alongside solid trustworthiness and competitive pricing. It also stands out for its bedroom balcony, 20 photos, and proximity to a top-rated elementary school.
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
Less expensive- Elementary school nearby
- Images Available
Floor plans
| Terrace Square - 2607-... | 2 bed | 1 bath | 728 sqft | $800 /mo | 1 unit available | Middle floor, Bedroom balcony |
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Amenities for Terrace Square
Apartment Amenities
| Trash Included | Utilities/Sewer |
| Water |
Building
| Onsite Laundry |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 1 |
|---|
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About Terrace Square
Middle floor, Bedroom balcony
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.
7.9
/10
Very GoodTerrace Square is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·8A 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.
Scoring a 8/10, Terrace Square is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A 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.
Terrace Square goes above and beyond to provide sought-after conveniences and desirable perks, including onsite laundry. Renters looking for popular or luxurious features will find them here—and for that reason, Terrace Square receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Terrace Square 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 Terrace Square does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
Terrace Square provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 Terrace Square compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 1 mile away
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from high schools
- The nearest high school is farther than 3 miles away
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
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Rent trends in Cedar Falls
2-bedroom apartments at Terrace Square cost about 27% less than the average rent price for 2-bedroom apartments in Cedar Falls.
Median rents as of Sep 12 2026.
Cedar Falls
| Month | Median Rent |
|---|---|
| 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 | $1,005 |
| July 2026 | $1,025 |
| August 2026 | $998 |
| September 2026 | $998 |
Affordability calculator
Can I afford to live at 2603 Terrace 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
$32,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $32,000 annually to afford this 2-bedrooms monthly rent price of $800.
For more information on rent affordability, visit our rent calculator.
Schools near Terrace Square
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 Terrace Square
Neighborhood
Getting around Cedar Falls near 2603 Terrace 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
6/10
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 2603 Terrace Dr, Cedar Falls
Groceries
5/10
At least one grocery store within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
0/10
No high schools within a 30-minute walk
Nightlife
3/10
Few or no bars within walking distance
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