For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Iona, ID is $1,540 a month. That is down 9.4% from $1,700 in FY 2026. Iona is in the Idaho Falls, ID HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,274. The median county two-bedroom FMR in Idaho is $1,127, so Iona is 37% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Iona, ID
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,350
$1,220
−9.6%
$1,098–$1,342
1BR
$1,430
$1,290
−9.8%
$1,161–$1,419
2BR
$1,700
$1,540
−9.4%
$1,386–$1,694
3BR
$2,370
$2,140
−9.7%
$1,926–$2,354
4BR
$2,850
$2,570
−9.8%
$2,313–$2,827
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Iona, ID
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,220
$1,290
$1,540
$2,140
$2,570
FY 2026
$1,350
$1,430
$1,700
$2,370
$2,850
FY 2025
$1,480
$1,560
$1,880
$2,630
$3,160
FY 2024
$1,210
$1,360
$1,650
$2,320
$2,800
FY 2023
$1,010
$1,190
$1,470
$2,090
$2,500
Questions about Iona, ID rents
How much will Section 8 pay for a two-bedroom in Iona, ID?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,274, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,147 to $1,401 a month; under the ZIP-level Small Area FMR of $1,540 it would be $1,386 to $1,694. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Iona, ID in?
Iona, ID is in the Idaho Falls, ID HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,274.
How much did fair market rent change in Iona, ID for FY 2027?
The two-bedroom FMR fell 9.4%, from $1,700 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 4.8%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set