No. The iron maiden's ability goes onto the stack before any player gets priority, and it will resolve regardless of whether it's source is still on the battlefield when it does.
112.7a Once activated or triggered, an ability exists on the stack independently of its source. Destruction or removal of the source
after that time won’t affect the ability. Note that some abilities
cause a source to do something (for example, “Prodigal Pyromancer
deals 1 damage to target creature or player”) rather than the ability
doing anything directly. In these cases, any activated or triggered
ability that references information about the source because the
effect needs to be divided checks that information when the ability is
put onto the stack. Otherwise, it will check that information when it
resolves. In both instances, if the source is no longer in the zone
it’s expected to be in at that time, its last known information is
used. The source can still perform the action even though it no longer
503 Upkeep Step
503.1. First, any abilities that trigger at the beginning of the upkeep step and any abilities that triggered during the turn’s untap
step go on the stack. (See rule 603, “Handling Triggered Abilities.”)
503.2. Second, the active player gets priority. Players may cast spells and activate abilities.
503.3. If a spell states that it may be cast only “after [a player’s] upkeep step,” and the turn has multiple upkeep steps, that spell may
be cast any time after the first upkeep step ends.