Compare Fair Market Rents — FY2026
| Bedroom | Waterloo-Cedar Falls, IA... | Ames, IA MSA |
|---|---|---|
| Studio | $725 | $972 |
| 1-Bedroom | $801 | $1,026 |
| 2-Bedroom | $1,051 | $1,153 |
| 3-Bedroom | $1,357 | $1,601 |
| 4-Bedroom | $1,763 | $1,934 |
Income Limits & Affordability
| Metric | Waterloo-Cedar Falls, IA... | Ames, IA MSA |
|---|---|---|
| Area Median Income (4p) | $91,000 | $122,400 |
| 50% AMI Limit (4p) | $47,050 | $61,200 |
| Income needed for 2BR FMR (30% rule) | $42,040 | $46,120 |