Fair Market Rents (FMRs) are set by the Department of Housing and Urban Development (HUD) each year. FMRs are used to determine standard payment amounts for Section 8 housing, Housing Choice Voucher program, and other government housing assistance programs. FMR prices are the 40th percentile rates in an area. The 50th percentile would be the median price. By design, Fair Market Rents are slightly below the median. For homes with five or more bedrooms add 15% of the 4-bedroom price for each additional room. Learn more.
Fair Market Rents vary widely across the country. This tool can be useful for anyone receiving housing assistance or looking into housing assistance programs for the first time, as well as property owners looking to rent their home or apartment. The Fair Market Rent lookup calculator can give you a ballpark estimate of how much you can rent your own property for in a given area.