What is the Fair Market Rent for a 2-bedroom in Cedar Rapids, IA HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Cedar Rapids, IA HUD Metro FMR Area is $1,071 per month for fiscal year 2026. The studio FMR is $738, 1-bedroom is $816, 3-bedroom is $1,490, and 4-bedroom is $1,797.

What income do you need to afford the FMR in Cedar Rapids, IA HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $42,840 per year ($3,570 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,071 in Cedar Rapids, IA HUD Metro FMR Area.

FY2026 Fair Market Rents — Cedar Rapids, IA HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$738

1BR

$816

2BR

$1,071

3BR

$1,490

4BR

$1,797

Hours/week at min wage

114 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

National rank

#492

of 661 U.S. metros (top 75% most expensive)

YoY change (2BR)

+7.9%

+$78 vs FY2025 · 5-yr +34.9%

Voucher payment standard

$964–$1,178

PHAs set HCV payment at 90–110% of the 2BR FMR

Cedar Rapids, IA HUD Metro FMR Area

Metropolitan area · IA · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$738	$8,856
1-Bedroom	$816	$9,792
2-Bedroom	$1,071	$12,852
3-Bedroom	$1,490	$17,880
4-Bedroom	$1,797	$21,564

Recent 2-Bedroom FMR Trend

FY2020 $777 → FY2026 $1,071

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$738	$816	$1,071	$1,490	$1,797
FY2025	$681	$757	$993	$1,391	$1,668
FY2024	$638	$716	$941	$1,326	$1,597
FY2023	$615	$699	$920	$1,307	$1,567
FY2022	$541	$619	$814	$1,156	$1,358
FY2021	$524	$602	$794	$1,134	$1,272
FY2020	$506	$590	$777	$1,104	$1,221

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $105,300

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$22,150	$25,300	$28,450	$33,000	$38,680	$44,360
50% AMI (Very Low)	$36,900	$42,150	$47,400	$52,650	$56,900	$61,100
80% AMI (Low)	$59,000	$67,400	$75,850	$84,250	$91,000	$97,750

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$12,852/yr

FMR as % of Area Median Income

12.2% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$42,840/yr

$3,570/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$921	$1,053	$1,184	$1,421	$1,526
60% AMI Maximum	$1,105	$1,263	$1,421	$1,705	$1,832

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$738	$816	$1,071	$1,490	$1,711
Low HOME Rent	$922	$1,053	$1,185	$1,316	$1,422

Compare Cedar Rapids, IA HUD Metro FMR Area With Other IA Metros

vs. Ames, IA MSA vs. Benton County, IA HUD Metro FMR Area vs. Boone County, IA HUD Metro FMR Area vs. Bremer County, IA HUD Metro FMR Area vs. Des Moines-West Des Moines, IA MSA

Counties in This FMR Area

Linn County