Logo Cedar Rapids Fair Market Rent FY 2020 Cedar Rapids, IA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Cedar Rapids, IA :
$506 $590 $777 $1,104 $1,221
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 Cedar Rapids are average compared to the national average. This FMR area is more expensive than 67% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Cedar Rapids is $777 per month.

The previous year, rent for a two-bedroom home was $812 per month. This is a 4.31% decrease year-over-year.

This FMR rate applies to Prairieburg, IA, Troy Mills, IA, Alburnett, IA, Toddville, IA, Springville, IA, Robins, IA, Central City, IA, Hiawatha, IA, Marion, IA, Cedar Rapids, IA and other cities within the region. The Metro Code or CBSA code for this region is METRO16300M16300.

Additionally, This Fair Market Rent (FMR) area Cedar Rapids, IA HUD Metro FMR Area spans one county or city in Iowa which is listed in the table below. Estimated population of Cedar Rapids, IA HUD Metro FMR Area FMR area is 220,010 people based on latest Census data.

Compared to the rest of Iowa, the Cedar Rapids FMR area is more expensive than 92% 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 Cedar Rapids. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Cedar Rapids

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 $ 536
1-BR 1-Bedroom $ 625
2-BR 2-Bedroom $ 823
3-BR 3-Bedroom $ 1169
4-BR 4-Bedroom $ 1293
Change Year:

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

County / Region Est. Population
Cedar Rapids, IA Metro 220,010
Zip Codes in Cedar Rapids, IA HUD Metro FMR Area

There are 20 unique zip codes in this Fair Market Rent (FMR) area:

52202, 52214, 52219, 52233, 52302, 52328, 52336, 52341, 52344, 52401, 52402, 52403, 52405, 52406, 52408, 52409, 52410, 52411, 52498 and 52499

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