Rent in Wapello County, IA at a glance
2-bedroom rent (HUD)
$1,068$12,816 a year · HUD fiscal year 2026From October 1, 2026: $1,076 (+0.7%)How much rent can you afford in Wapello 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 Wapello 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 | $793 | $9,516 | $31,720 | $15.25/hr |
| 1 bedroom | $814 | $9,768 | $32,560 | $15.65/hr |
| 2 bedroomsMost searched | $1,068 | $12,816 | $42,720 | $20.54/hr |
| 3 bedrooms | $1,354 | $16,248 | $54,160 | $26.04/hr |
| 4 bedrooms | $1,468 | $17,616 | $58,720 | $28.23/hr |
Cost of living in Wapello County, IA: income, prices and a budget →
Living and working in Wapello County, IA
Rent in Wapello County, IA: common questions
How much is rent going up in Wapello County, IA in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,076 for a two-bedroom, up 0.7% from $1,068. A one-bedroom goes from $814 to $823, a studio from $793 to $799.
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 Wapello County, IA?
HUD's Fair Market Rent for 2026 is $814 for a one-bedroom and $1,068 for a two-bedroom, utilities included. That is $12,816 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 Wapello County, IA?
To keep a $1,068 two-bedroom at 30% of gross pay, one full-time worker needs $20.54 an hour, or $42,720 a year. A one-bedroom at $814 takes $15.65 an hour.
How much is a 1, 2 or 3-bedroom apartment in Wapello County, IA?
At HUD's 2026 Fair Market Rent: studio $793, one bedroom $814, two $1,068, three $1,354 and four $1,468 a month.
Is rent affordable in Wapello County, IA?
For the typical household, earning $64,766 a year ($5,397 a month, Census ACS), a two-bedroom at $1,068 takes 19.8% 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: ($1,068 × 12) ÷ 0.30 = $42,720. Divided by 2,080 working hours, that is $20.54 an hour.