Rent by ZIP ·
Rent in Waterloo, IA 50704
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,110 (+4.7% vs FY2026).
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $770 | $730 | +5.5% | $693–847 | – |
| 1 bedroom | $850 | $810 | +4.9% | $765–935 | – |
| 2 bedrooms | $1,110 | $1,060 | +4.7% | $999–1,221 | – |
| 3 bedrooms | $1,420 | $1,370 | +3.6% | $1,278–1,562 | – |
| 4 bedrooms | $1,860 | $1,780 | +4.5% | $1,674–2,046 | – |
Small Area FMRs for the Waterloo-Cedar Falls, IA HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Waterloo-Cedar Falls, IA HUD Metro FMR Area, 2 bedrooms: $1,096.
The Census doesn't publish reliable rent figures for this ZIP code, usually because few homes here are rented.
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 50703 | Waterloo | $1,080 | $980 |
| 50702 | Waterloo | $1,140 | $980 |
| 50701 | Waterloo | $1,030 | $882 |
| 50707 | Evansdale | $1,050 | $918 |
All IA counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.