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RentData.org Logo Iowa City Fair Market Rent FY 2019 Iowa City, IA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Iowa City, IA :
$612 $684 $902 $1,304 $1,584
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 Iowa City 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 Iowa City is $902 per month.

The previous year, rent for a two-bedroom home was $956 per month. This is a 5.65% 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 2010 Census data.

Compared to the rest of Iowa, the Iowa City 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 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 $
1-BR 1-Bedroom $
2-BR 2-Bedroom $
3-BR 3-Bedroom $
4-BR 4-Bedroom $
Change Year:

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
Johnson County, 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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