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Fair Market Rent · Iowa

Fair Market Rent in Monroe County, IA

FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.

$688studio
$7091 bedroom
$9272 bedrooms
$1,2473 bedrooms
$1,2514 bedrooms

HUD's FY2027 Fair Market Rent for a 2-bedroom home in Monroe County is $927 a month, +0.9% from FY2026. Monroe County is part of the Monroe County, IA (a non-metro county area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.

Area-wide Fair Market Rents

SizeFY2027FY2026ChangeTypical voucher range (90–110%)
Studio$688$682+0.9%$619–757
1 bedroom$709$700+1.3%$638–780
2 bedrooms$927$919+0.9%$834–1,020
3 bedrooms$1,247$1,222+2%$1,122–1,372
4 bedrooms$1,251$1,227+2%$1,126–1,376

The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.

Rents by ZIP code in Monroe County

Open a ZIP code for every size, the spread of rents and nearby ZIP codes.

ZIPPlace2-bedroom FMR (ZIP)Census median, 2 bedroomsCensus median, all sizes
50150Lovilia$930$616$750
52531Albia$970$937$773
52569Melrose$1,080––

Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.