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RentData.org Logo Ames Fair Market Rent FY 2024 Ames, IA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Ames, IA :
$847 $918 $1,033 $1,456 $1,753
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Ames are high compared to the national average. This FMR area is more expensive than 79% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Ames is $1,033 per month.

The previous year, rent for a two-bedroom home was $981 per month. This is a 5.3% increase year-over-year.

This FMR rate applies to Zearing, IA, Gilbert, IA, Colo, IA, Nevada, IA, Ames, IA and other cities within the region. The Metro Code or CBSA code for this region is METRO11180M11180.

Additionally, This Fair Market Rent (FMR) area Ames, IA HUD Metro FMR Area spans one county or city in Iowa which is listed in the table below. Estimated population of Ames, IA HUD Metro FMR Area FMR area is 97,355 people based on latest Census data.

Compared to the rest of Iowa, the Ames FMR area is more expensive than 97% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Ames. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Ames

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 902
1-BR 1-Bedroom $ 977
2-BR 2-Bedroom $ 1100
3-BR 3-Bedroom $ 1550
4-BR 4-Bedroom $ 1867
Change Year:
2022 2023 2024 2025

There is just one county (listed below) within the Ames, IA HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Des Moines - Ames.

County / Region Est. Population
Ames, IA Metro 97,355
Zip Codes in Ames, IA HUD Metro FMR Area

There are 8 unique zip codes in this Fair Market Rent (FMR) area:

50010, 50011, 50012, 50013, 50056, 50105, 50201 and 50278

Lookup Fair Market Rent by Zip Code

What's Next?

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