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Fair Market Rent · Iowa

Fair Market Rent in Montgomery County, IA

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

$688studio
$8521 bedroom
$9272 bedrooms
$1,2673 bedrooms
$1,3784 bedrooms

HUD's FY2027 Fair Market Rent for a 2-bedroom home in Montgomery County is $927 a month, +0.9% from FY2026. Montgomery County is part of the Montgomery 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$852$838+1.7%$767–937
2 bedrooms$927$919+0.9%$834–1,020
3 bedrooms$1,267$1,265+0.2%$1,140–1,394
4 bedrooms$1,378$1,319+4.5%$1,240–1,516

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 Montgomery 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
50847Grant$950––
50864Villisca$930$613$716
51532Elliott$1,010$533$817
51533Emerson$1,310$1,116$1,034
51566Red Oak$1,010$829$829
51573Stanton$1,050–$875

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.