Logo Bakersfield Fair Market Rent FY 2024 Bakersfield, CA MSA Rental Data

Fair Market Rent Prices in Bakersfield, CA :
$960 $967 $1,258 $1,773 $2,135
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Bakersfield are high compared to the national average. This FMR area is more expensive than 89% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Bakersfield is $1,258 per month.

The previous year, rent for a two-bedroom home was $1,137 per month. This is a 10.64% increase year-over-year.

This FMR rate applies to Tupman, CA, Mc Kittrick, CA, Onyx, CA, Edison, CA, Johannesburg, CA, Fellows, CA, Randsburg, CA, Glennville, CA, Woody, CA, Keene, CA and other cities within the region. The Metro Code or CBSA code for this region is METRO12540M12540.

Additionally, This Fair Market Rent (FMR) area Bakersfield, CA MSA spans one county or city in California which is listed in the table below. Estimated population of Bakersfield, CA MSA FMR area is 892,458 people based on latest Census data.

Compared to the rest of California, the Bakersfield FMR area is less expensive than 78% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Bakersfield. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Bakersfield

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1021
1-BR 1-Bedroom $ 1028
2-BR 2-Bedroom $ 1338
3-BR 3-Bedroom $ 1886
4-BR 4-Bedroom $ 2271
Change Year:

There is just one county (listed below) within the Bakersfield, CA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers four metro areas: Bakersfield, Fresno - Visalia, Santabarbra - Sanmar - Sanluob and Los Angeles.

County / Region Est. Population
Bakersfield, CA Metro 892,458
Zip Codes in Bakersfield, CA MSA

There are 65 unique zip codes in this Fair Market Rent (FMR) area:

93203, 93205, 93206, 93215, 93219, 93220, 93222, 93224, 93225, 93226, 93238, 93240, 93241, 93243, 93249, 93250, 93251, 93252, 93255, 93263, 93268, 93276, 93280, 93283, 93285, 93287, 93301, 93302, 93303, 93304, 93305, 93306, 93307, 93308, 93309, 93311, 93312, 93313, 93314, 93380, 93384, 93385, 93386, 93387, 93388, 93389, 93390, 93461, 93501, 93502, 93504, 93505, 93516, 93518, 93523, 93524, 93528, 93531, 93536, 93554, 93555, 93556, 93560, 93561 and 93581

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