Rental Benchmark Overview
2-Bedroom Benchmark Rent
$949$11,388 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Cerro Gordo County, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Cerro Gordo 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 | $746 | $8,952 | $29,840 | $14.35/hr |
| 1-Bedroom Apartment | $750 | $9,000 | $30,000 | $14.42/hr |
| 2-Bedroom ApartmentStandard Benchmark | $949 | $11,388 | $37,960 | $18.25/hr |
| 3-Bedroom Home | $1,226 | $14,712 | $49,040 | $23.58/hr |
| 4-Bedroom Home | $1,446 | $17,352 | $57,840 | $27.81/hr |
See comprehensive cost of living profile for Cerro Gordo County, IA →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Iowa:
Frequently Asked Questions About Rent in Cerro Gordo County, IA
What is the Fair Market Rent for a 2-bedroom in Cerro Gordo County, IA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Cerro Gordo County, IA is $949 per month ($11,388 per year).
What hourly wage is needed to afford rent in Cerro Gordo County, IA?
To comfortably afford a 2-bedroom apartment at $949/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.25 per hour ($37,960/year).
What are the HUD Fair Market Rents by bedroom count in Cerro Gordo County, IA?
Official 2026 HUD rents in Cerro Gordo County, IA are: Studio: $746/mo, 1-Bedroom: $750/mo, 2-Bedroom: $949/mo, 3-Bedroom: $1,226/mo, and 4-Bedroom: $1,446/mo.
How do HUD Fair Market Rents compare to local incomes in Cerro Gordo County, IA?
At the local Census ACS median household income of $68,189/year ($5,682/month), the benchmark 2-bedroom Fair Market Rent represents 16.7% of monthly income.
How is the 30% housing affordability standard calculated in Cerro Gordo County, IA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $949/month, the required minimum annual gross income is calculated as ($949 × 12) ÷ 0.30 = $37,960 per year.