Compare Fair Market Rents — FY2026
| Bedroom | Iowa City, IA HUD Metro... | Ames, IA MSA |
|---|---|---|
| Studio | $880 | $972 |
| 1-Bedroom | $961 | $1,026 |
| 2-Bedroom | $1,141 | $1,153 |
| 3-Bedroom | $1,587 | $1,601 |
| 4-Bedroom | $1,914 | $1,934 |
Income Limits & Affordability
| Metric | Iowa City, IA HUD Metro... | Ames, IA MSA |
|---|---|---|
| Area Median Income (4p) | $121,400 | $122,400 |
| 50% AMI Limit (4p) | $60,700 | $61,200 |
| Income needed for 2BR FMR (30% rule) | $45,640 | $46,120 |