HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Iberia Parish, Louisiana (FY 2026)
A two-bedroom in Iberia Parish carries a FY 2026 Fair Market Rent of $905 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Iberia keys off that figure.
2 bedroom FMR
$905
FY 2026, utilities included
Payment standard range
$815 to $996
90% to 110% of FMR
Income to afford 2BR
$36,200
per year, at 30% of income
Rank in Louisiana
37th of 64
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Iberia moves to $981. That's up 8%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Iberia actually rent for?
Search any address in Iberia for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $679 | $611 to $747 | $27,160 | $13.06/hr | -4.9% |
| 1 bedroom | $764 | $688 to $840 | $30,560 | $14.69/hr | +4.4% |
| 2 bedroom | $905 | $815 to $996 | $36,200 | $17.40/hr | -1.6% |
| 3 bedroom | $1,193 | $1,074 to $1,312 | $47,720 | $22.94/hr | +1.6% |
| 4 bedroom | $1,473 | $1,326 to $1,620 | $58,920 | $28.33/hr | -4.7% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,694 | $1,525 to $1,863 |
| 6 bedroom Estimate | $1,915 | $1,724 to $2,107 |
| 7 bedroom Estimate | $2,136 | $1,922 to $2,350 |
| 8 bedroom Estimate | $2,357 | $2,121 to $2,593 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Iberia, that runs from $679 for a studio up to $1,473 for four bedrooms, all five rates in the table above.
Because Iberia sits outside any HUD metro area, its rate is a parish-wide figure built from local rents. One number covers every address in the parish, New Iberia included.
Among Louisiana's 64 counties, Iberia ranks 37th for two-bedroom FMR. That's about 4% below the state median of $946 and about 11% below the national median county at $1,018. About 69,958 people live here, 17th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $860 in 70552 (Loreauville) and $1,020 in 70563 (New Iberia), with the 7 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the parish rate. Everywhere else the ZIP numbers show where rents actually sit, and the parish rate stays the official standard.
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Iberia somewhere between $815 and $996. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$905 a month is affordable, by HUD's 30% rule, on an income of roughly $36,200 a year. Put another way, $17 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($815) | HAP at 100% ($905) | HAP at 110% ($996) |
|---|---|---|---|---|
| $2,500 | $750 | $65 | $155 | $246 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 2% from FY 2025 ($920) to FY 2026 ($905). Since FY 2020 it's up 13% in total, about 2.0% a year. The Louisiana median moved down 4% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $606 | $610 | $803 | $1,001 | $1,332 | — |
| FY 2021 | $597 | $601 | $792 | $987 | $1,254 | -1.4% |
| FY 2022 | $614 | $629 | $828 | $1,054 | $1,262 | +4.5% |
| FY 2023 | $700 | $704 | $927 | $1,180 | $1,448 | +12.0% |
| FY 2024 | $685 | $690 | $906 | $1,167 | $1,510 | -2.3% |
| FY 2025 | $714 | $732 | $920 | $1,174 | $1,545 | +1.5% |
| FY 2026 | $679 | $764 | $905 | $1,193 | $1,473 | -1.6% |
| FY 2027 | $726 | $813 | $981 | $1,286 | $1,624 | +8.4% |
Nearby counties
St. Martin Parish
$1,01918 mi · pop 51,856
Lafayette Parish
$1,01923 mi · pop 243,175
Vermilion Parish
$83425 mi · pop 57,202
St. Mary Parish
$94729 mi · pop 49,114
Iberville Parish
$86638 mi · pop 30,210
Acadia Parish
$88043 mi · pop 57,674
Assumption Parish
$96743 mi · pop 21,067
St. Landry Parish
$83443 mi · pop 82,574
Questions people ask
$905 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $679 for a studio, $764 for one bedroom, $1,193 for three and $1,473 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Iberia actually go for?
HUD's number is one input. Search any address in Iberia for a rent estimate built from nearby comps. 3 free searches, no card.
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