FY2026 Fair Market Rents — Madison County
Studio
$1,063
1BR
$1,109
2BR
$1,318
3BR
$1,794
4BR
$1,841
Madison County, Iowa
FIPS 19121 · County-level FMR and income limit data
FMR Area: Des Moines-West Des Moines, IA MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,063 | $12,756 |
| 1-Bedroom | $1,109 | $13,308 |
| 2-Bedroom | $1,318 | $15,816 |
| 3-Bedroom | $1,794 | $21,528 |
| 4-Bedroom | $1,841 | $22,092 |
To afford the FY2026 2-bedroom FMR of $1,318/mo under the 30%-of-income rule, a household needs about
$52,720/yr ($4,393/mo). Area Median Income is $116,400.
At IA's federal minimum wage of $7.25/hr, a worker would need to work 140 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,063 | $1,109 | $1,318 | $1,794 | $1,841 |
| FY2025 | $954 | $1,017 | $1,216 | $1,632 | $1,638 |
| FY2024 | $833 | $899 | $1,080 | $1,477 | $1,481 |
| FY2023 | $791 | $889 | $1,074 | $1,473 | $1,499 |
| FY2022 | $658 | $770 | $935 | $1,284 | $1,357 |
| FY2021 | $608 | $738 | $902 | $1,232 | $1,313 |
| FY2020 | $603 | $730 | $900 | $1,215 | $1,323 |
FY2026 Income Limits
Area Median Income: $116,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,450 | $27,950 | $31,450 | $34,900 | $38,680 | $44,360 |
| 50% AMI | $40,750 | $46,600 | $52,400 | $58,200 | $62,900 | $67,550 |
| 80% AMI | $65,200 | $74,500 | $83,800 | $93,100 | $100,550 | $108,000 |