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RentData.org Logo Ames Fair Market Rent FY 2018 Ames, IA MSA Rental Data

Fair Market Rent Prices in Ames, IA :
$607 $735 $887 $1,209 $1,495
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 87% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Ames is $887 per month.

The previous year, rent for a two-bedroom home was $805 per month. This is a 10.19% 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 MSA spans one county or city in Iowa which is listed in the table below. Estimated population of Ames, IA MSA FMR area is 89,542 people based on latest Census data.

Compared to the rest of Iowa, the Ames FMR area is more expensive than 98% 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 $ 636
1-BR 1-Bedroom $ 771
2-BR 2-Bedroom $ 930
3-BR 3-Bedroom $ 1267
4-BR 4-Bedroom $ 1567
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

There is just one county (listed below) within the Ames, IA MSA 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 89,542
Zip Codes in Ames, IA MSA

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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