1. This study combines two approaches to explore the utility of Monod growth kinetics to predict competition outcomes between freshwater cyanobacteria and chlorophytes at low iron Fe. Fe threshold concentrations (FeT) below which growth ceases, and growth affinities (slope of Fe concentration vs growth rate near FeT) were estimated for three large-bodied cyanobacteria (two N-fixers and Microcystis) and two chlorophytes in batch cultures. 2. Mean FeT for N-replete cyanobacteria, N-deplete (when N-fixing) cyanobacteria and chlorophytes were 0.076, 0.736 and 0.245 nmol L-1 , respectively. Mean affinities were 0.937, 0.597 and 0.412 L nmol-1 d-1 , respectively. Assuming that the mean affinities are representative of their groups, affinities predict that N-replete cyanobacteria are more efficient at acquiring Fe than chlorophytes and should dominate when Fe is low but greater than their FeT. 3. A second study evaluated the competitive abilities of a pico-cyanobacterium and a third chlorophyte in dual species, serial dilution culture. The pico-cyanobacterium was dominant at 50 nmol L-1 total Fe (which limited both taxa) and 500 nmol L-1 total Fe. At 0.5 nmol L-1 total Fe, a stressful concentration below FeT during most of the incubation, growth rates and cell densities were extremely low but neither had washed out after several months. 4. These results show that Monod kinetics can successfully predict competition outcomes in laboratory settings at low Fe. While important, Monod kinetics are only one mechanism governing competition between cyanobacteria and eukaryotes in natural systems. Observed deviations from Monod predictions can be partially explained with known mechanisms.