Zumper
modified
5+ Days Ago

Location

2603 Terrace Dr, Cedar Falls, IA 50613, USA
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Management

Cedar Valley Property Management

Leasing office

(844) 311-0438 ext. 8132

Property Overview

Terrace Square offers a strong overall Zumper expert rating of 7.9, reflecting its competitive pricing, excellent amenities, and prime location, all rated 8 or 9 out of 10. Notable features include a bedroom balcony and proximity to a top-rated elementary school, enhancing its appeal for potential renters. Additionally, the property ranks in the 90.2 percentile for value for money, indicating it stands out positively against similar options in the area.

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.

Zumper Expert Rating

7.9
Very Good
Terrace 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.

Things you’ll love

  • Less expensive
  • Elementary school nearby
  • Images Available

Floor plans

Terrace Square - 2607-...2 bed1 bath728 sqft$800 /mo1 unit availableMiddle floor, Bedroom balcony

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Amenities for Terrace Square

Apartment Amenities

Trash IncludedUtilities/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

Units1
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About Terrace Square

HomeApartments in Cedar Falls 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 Good
Terrace 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.
How we rated Terrace Square
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

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Rent trends in Cedar Falls

2-bedroom apartments at Terrace Square cost about 24% less than the average rent price for 2-bedroom apartments in Cedar Falls.

Median rents as of Jan 17 2026.
Cedar Falls
A table of studio rental data trends in Cedar Falls
MonthMedian Rent
February 2024$750
March 2024$725
April 2024$832
May 2024$933
June 2024$920
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$823

Affordability calculator

Can I afford to live at 2603 Terrace Dr?

Bedrooms

2 bedrooms

Rent-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
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Internet available near Terrace Square

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

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

Explore the area around 2603 Terrace Dr

Natural Grocers
5410 University Ave
Hy-Vee
6301 University Ave
Fareway
4500 S Main St
Walmart Supercenter
525 Brandilynn Blvd
ALDI
315 Brandilynn Blvd

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