FY2026 Fair Market Rents — Story County
Studio
$972
1BR
$1,026
2BR
$1,153
3BR
$1,601
4BR
$1,934
Story County, Iowa
FIPS 19169 · County-level FMR and income limit data
FMR Area: Ames, IA MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $972 | $11,664 |
| 1-Bedroom | $1,026 | $12,312 |
| 2-Bedroom | $1,153 | $13,836 |
| 3-Bedroom | $1,601 | $19,212 |
| 4-Bedroom | $1,934 | $23,208 |
To afford the FY2026 2-bedroom FMR of $1,153/mo under the 30%-of-income rule, a household needs about
$46,120/yr ($3,843/mo). Area Median Income is $122,400.
At IA's federal minimum wage of $7.25/hr, a worker would need to work 123 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $972 | $1,026 | $1,153 | $1,601 | $1,934 |
| FY2025 | $875 | $951 | $1,056 | $1,476 | $1,773 |
| FY2024 | $847 | $918 | $1,033 | $1,456 | $1,753 |
| FY2023 | $800 | $862 | $981 | $1,394 | $1,671 |
| FY2022 | $787 | $798 | $943 | $1,340 | $1,581 |
| FY2021 | $749 | $752 | $903 | $1,282 | $1,481 |
| FY2020 | $684 | $706 | $857 | $1,191 | $1,417 |
FY2026 Income Limits
Area Median Income: $122,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $25,700 | $29,400 | $33,050 | $36,700 | $39,650 | $44,360 |
| 50% AMI | $42,850 | $49,000 | $55,100 | $61,200 | $66,100 | $71,000 |
| 80% AMI | $68,550 | $78,350 | $88,150 | $97,900 | $105,750 | $113,600 |