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RentData.org Logo Iowa City Fair Market Rent FY 2018 Iowa City, IA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Iowa City, IA :
$625 $723 $956 $1,391 $1,684
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Iowa City are very high compared to the national average. This FMR area is more expensive than 91% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Iowa City is $956 per month.

The previous year, rent for a two-bedroom home was $1,012 per month. This is a 5.53% decrease year-over-year.

This FMR rate applies to Hills, IA, Nichols, IA, Lone Tree, IA, Tiffin, IA, Ely, IA, Riverside, IA, Swisher, IA, Mount Vernon, IA, Kalona, IA, North Liberty, IA and other cities within the region. The Metro Code or CBSA code for this region is METRO26980MM3500.

Additionally, This Fair Market Rent (FMR) area Iowa City, IA HUD Metro FMR Area spans one county or city in Iowa which is listed in the table below. Estimated population of Iowa City, IA HUD Metro FMR Area FMR area is 130,882 people based on latest Census data.

Compared to the rest of Iowa, the Iowa City FMR area is more expensive than 100% 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 Iowa City. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Iowa City

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 $ 675
1-BR 1-Bedroom $ 781
2-BR 2-Bedroom $ 1033
3-BR 3-Bedroom $ 1503
4-BR 4-Bedroom $ 1819
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Iowa City, IA HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Cedar Rapids - Wtrlo - Iwc&Dub and Davenport - R. Island - Moline.

County / Region Est. Population
Iowa City, IA Metro 130,882
Zip Codes in Iowa City, IA HUD Metro FMR Area

There are 17 unique zip codes in this Fair Market Rent (FMR) area:

52227, 52235, 52240, 52241, 52242, 52243, 52244, 52245, 52246, 52247, 52314, 52317, 52327, 52338, 52340, 52755 and 52766

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What's Next?

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