This is a bit of a tricky question.
Rhenium is actually not Rh - Rh is Rhodium and Rhenium is Re.
Re is further away than iron is from Cobalt and is not in the same row, so Fe becomes the better answer.
I would recommend keeping in mind the little tricks that exist in the periodic table - for example Thorium vs Thalium and Rhenium vs Rhodium - these can really confuse people that don't know the periodic table as well, as the MCAT will only give you 2 letters on the periodic table and expect you to extrapolate the rest.
On the bright side, a lot of students would also have gotten caught on that type of question (myself included).