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RentData.org Logo Monroe County Fair Market Rent FY 2024 Monroe County, IA Rental Data

Fair Market Rent Prices in Monroe County, IA :
$630 $657 $863 $1,123 $1,149
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Monroe County are very low compared to the national average. This FMR area is less expensive than 90% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Monroe County is $863 per month.

The previous year, rent for a two-bedroom home was $827 per month. This is a 4.35% increase year-over-year.

This FMR rate applies to Albia, IA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY19135N19135.

Additionally, This Fair Market Rent (FMR) area Monroe County, IA spans one county or city in Iowa which is listed in the table below. Estimated population of Monroe County, IA FMR area is 7,761 people based on latest Census data.

Compared to the rest of Iowa, the Monroe County FMR area is less expensive than 83% 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 Monroe County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Monroe County

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 $ 673
1-BR 1-Bedroom $ 701
2-BR 2-Bedroom $ 921
3-BR 3-Bedroom $ 1199
4-BR 4-Bedroom $ 1227
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 Monroe County, IA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Des Moines - Ames.

County / Region Est. Population
Monroe County, IA 7,761
Zip Codes in Monroe County, IA

There is 1 unique zip code in this Fair Market Rent (FMR) area:

52531

Lookup Fair Market Rent by Zip Code

What's Next?

Here are some additional resources you may also be interested in:

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