What is the Fair Market Rent for a 2-bedroom in Omaha-Council Bluffs, NE-IA HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Omaha-Council Bluffs, NE-IA HUD Metro FMR Area is $1,368 per month for fiscal year 2026. The studio FMR is $1,090, 1-bedroom is $1,148, 3-bedroom is $1,813, and 4-bedroom is $2,046.

What income do you need to afford the FMR in Omaha-Council Bluffs, NE-IA HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $54,720 per year ($4,560 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,368 in Omaha-Council Bluffs, NE-IA HUD Metro FMR Area.

FY2026 Fair Market Rents — Omaha-Council Bluffs, NE-IA HUD Metro FMR Area

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

Studio

$1,090

1BR

$1,148

2BR

$1,368

3BR

$1,813

4BR

$2,046

Hours/week at min wage

146 hrs

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

YoY change (2BR)

+8.5%

+$107 vs FY2025 · 5-yr +38.6%

Voucher payment standard

$1,231–$1,505

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

Omaha-Council Bluffs, NE-IA HUD Metro FMR Area

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,090	$13,080
1-Bedroom	$1,148	$13,776
2-Bedroom	$1,368	$16,416
3-Bedroom	$1,813	$21,756
4-Bedroom	$2,046	$24,552

Recent 2-Bedroom FMR Trend

FY2020 $946 → FY2026 $1,368

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,090	$1,148	$1,368	$1,813	$2,046
FY2025	$990	$1,052	$1,261	$1,675	$1,864
FY2024	$895	$971	$1,170	$1,562	$1,733
FY2023	$801	$888	$1,083	$1,449	$1,611
FY2022	$698	$794	$974	$1,305	$1,457
FY2021	$695	$798	$987	$1,325	$1,478
FY2020	$650	$762	$946	$1,272	$1,419

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $114,000

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$23,950	$27,400	$30,800	$34,200	$38,680	$44,360
50% AMI (Very Low)	$39,900	$45,600	$51,300	$57,000	$61,600	$66,150
80% AMI (Low)	$63,850	$73,000	$82,100	$91,200	$98,500	$105,800

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$16,416/yr

FMR as % of Area Median Income

14.4% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$54,720/yr

$4,560/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	$997	$1,140	$1,282	$1,539	$1,653
60% AMI Maximum	$1,197	$1,368	$1,539	$1,846	$1,983

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	$1,090	$1,148	$1,368	$1,813	$1,852
Low HOME Rent	$997	$1,140	$1,282	$1,425	$1,540

Compare Omaha-Council Bluffs, NE-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. Cedar Rapids, IA HUD Metro FMR Area