FY2026 Fair Market Rents — Lee County
Studio
$663
1BR
$733
2BR
$962
3BR
$1,270
4BR
$1,330
Lee County, Iowa
FIPS 19111 · County-level FMR and income limit data
FMR Area: Lee County, IA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $663 | $7,956 |
| 1-Bedroom | $733 | $8,796 |
| 2-Bedroom | $962 | $11,544 |
| 3-Bedroom | $1,270 | $15,240 |
| 4-Bedroom | $1,330 | $15,960 |
To afford the FY2026 2-bedroom FMR of $962/mo under the 30%-of-income rule, a household needs about
$38,480/yr ($3,207/mo). Area Median Income is $84,700.
At IA's federal minimum wage of $7.25/hr, a worker would need to work 103 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $663 | $733 | $962 | $1,270 | $1,330 |
| FY2025 | $632 | $702 | $921 | $1,216 | $1,221 |
| FY2024 | $598 | $672 | $882 | $1,185 | $1,207 |
| FY2023 | $554 | $641 | $828 | $1,119 | $1,188 |
| FY2022 | $499 | $599 | $751 | $1,020 | $1,181 |
| FY2021 | $474 | $564 | $718 | $957 | $1,149 |
| FY2020 | $450 | $550 | $690 | $912 | $1,085 |
FY2026 Income Limits
Area Median Income: $84,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,800 | $22,600 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,950 | $37,650 | $42,350 | $47,050 | $50,850 | $54,600 |
| 80% AMI | $52,750 | $60,250 | $67,800 | $75,300 | $81,350 | $87,350 |