Rental Benchmark Overview
2-Bedroom Benchmark Rent
$966$11,592 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Cedar County, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Cedar County, IA
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $717 | $8,604 | $28,680 | $13.79/hr |
| 1-Bedroom Apartment | $736 | $8,832 | $29,440 | $14.15/hr |
| 2-Bedroom ApartmentStandard Benchmark | $966 | $11,592 | $38,640 | $18.58/hr |
| 3-Bedroom Home | $1,259 | $15,108 | $50,360 | $24.21/hr |
| 4-Bedroom Home | $1,279 | $15,348 | $51,160 | $24.60/hr |
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Frequently Asked Questions About Rent in Cedar County, IA
What is the Fair Market Rent for a 2-bedroom in Cedar County, IA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Cedar County, IA is $966 per month ($11,592 per year).
What hourly wage is needed to afford rent in Cedar County, IA?
To comfortably afford a 2-bedroom apartment at $966/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.58 per hour ($38,640/year).
What are the HUD Fair Market Rents by bedroom count in Cedar County, IA?
Official 2026 HUD rents in Cedar County, IA are: Studio: $717/mo, 1-Bedroom: $736/mo, 2-Bedroom: $966/mo, 3-Bedroom: $1,259/mo, and 4-Bedroom: $1,279/mo.
How do HUD Fair Market Rents compare to local incomes in Cedar County, IA?
At the local Census ACS median household income of $80,602/year ($6,717/month), the benchmark 2-bedroom Fair Market Rent represents 14.4% of monthly income.
How is the 30% housing affordability standard calculated in Cedar County, IA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $966/month, the required minimum annual gross income is calculated as ($966 × 12) ÷ 0.30 = $38,640 per year.