Rent in Boone County, IA at a glance
2-bedroom rent (HUD)
$1,026$12,312 a year · HUD fiscal year 2026From October 1, 2026: $967 (−5.8%)How much rent can you afford in Boone County, IA?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Boone County, IA by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $783 | $9,396 | $31,320 | $15.06/hr |
| 1 bedroom | $788 | $9,456 | $31,520 | $15.15/hr |
| 2 bedroomsMost searched | $1,026 | $12,312 | $41,040 | $19.73/hr |
| 3 bedrooms | $1,427 | $17,124 | $57,080 | $27.44/hr |
| 4 bedrooms | $1,500 | $18,000 | $60,000 | $28.85/hr |
Cost of living in Boone County, IA: income, prices and a budget →
Living and working in Boone County, IA
Rent in Boone County, IA: common questions
How much is rent going down in Boone County, IA in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $967 for a two-bedroom, down 5.8% from $1,026. A one-bedroom goes from $788 to $768, a studio from $783 to $763.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Boone County, IA?
HUD's Fair Market Rent for 2026 is $788 for a one-bedroom and $1,026 for a two-bedroom, utilities included. That is $12,312 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Boone County, IA?
To keep a $1,026 two-bedroom at 30% of gross pay, one full-time worker needs $19.73 an hour, or $41,040 a year. A one-bedroom at $788 takes $15.15 an hour.
How much is a 1, 2 or 3-bedroom apartment in Boone County, IA?
At HUD's 2026 Fair Market Rent: studio $783, one bedroom $788, two $1,026, three $1,427 and four $1,500 a month.
Is rent affordable in Boone County, IA?
For the typical household, earning $83,531 a year ($6,961 a month, Census ACS), a two-bedroom at $1,026 takes 14.7% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,026 × 12) ÷ 0.30 = $41,040. Divided by 2,080 working hours, that is $19.73 an hour.