FY2026 Fair Market Rents — Butler County
Studio
$682
1BR
$700
2BR
$919
3BR
$1,102
4BR
$1,367
Butler County, Iowa
FIPS 19023 · County-level FMR and income limit data
FMR Area: Butler County, IA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $682 | $8,184 |
| 1-Bedroom | $700 | $8,400 |
| 2-Bedroom | $919 | $11,028 |
| 3-Bedroom | $1,102 | $13,224 |
| 4-Bedroom | $1,367 | $16,404 |
To afford the FY2026 2-bedroom FMR of $919/mo under the 30%-of-income rule, a household needs about
$36,760/yr ($3,063/mo). Area Median Income is $96,900.
At IA's federal minimum wage of $7.25/hr, a worker would need to work 98 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $682 | $700 | $919 | $1,102 | $1,367 |
| FY2025 | $646 | $668 | $877 | $1,057 | $1,320 |
| FY2024 | $630 | $656 | $862 | $1,100 | $1,333 |
| FY2023 | $581 | $604 | $795 | $1,058 | $1,227 |
| FY2022 | $534 | $565 | $739 | $1,004 | $1,031 |
| FY2021 | $519 | $548 | $715 | $967 | $970 |
| FY2020 | $497 | $522 | $687 | $901 | $931 |
FY2026 Income Limits
Area Median Income: $96,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,350 | $23,250 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,950 | $38,800 | $43,650 | $48,450 | $52,350 | $56,250 |
| 80% AMI | $54,250 | $62,000 | $69,750 | $77,500 | $83,700 | $89,900 |