The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Albany, OR MSA, OR

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in Albany, OR MSA, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $844 to a high of $1,032, with an average of $938.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,009, a maximum of $1,233, and an average of $1,121.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,246, peaking at a maximum of $1,522, and averaging at $1,384.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,682, a maximum of $2,056, and an average of $1,869.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,962 to a maximum of $2,398, with an average of $2,180.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

To apply for Section 8 housing, you can check your income against the Albany, OR MSA Housing Choice voucher income limit to determine your eligibility.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year Area HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Albany, OR MSA, OR Low Rent (90%) $844 $1,009 $1,246 $1,682 $1,962
Average Rent $938 $1,121 $1,384 $1,869 $2,180
High Rent(110%) $1,032 $1,233 $1,522 $2,056 $2,398
2023 Albany, OR MSA, OR Low Rent (90%) $804 $900 $1,137 $1,555 $1,817
Average Rent $893 $1,000 $1,263 $1,728 $2,019
High Rent (110%) $982 $1,100 $1,389 $1,901 $2,221
2022 Albany, OR MSA, OR Low Rent (90%) $727 $779 $1,024 $1,426 $1,673
Average Rent $808 $865 $1,138 $1,584 $1,859
High Rent(110%) $889 $952 $1,252 $1,742 $2,045
2021 Albany, OR MSA, OR Low Rent (90%) $715 $774 $1,020 $1,432 $1,699
Average Rent $794 $860 $1,133 $1,591 $1,888
High Rent (110%) $873 $946 $1,246 $1,750 $2,077
2020 Albany, OR MSA, OR Low Rent (90%) $649 $749 $986 $1,406 $1,642
Average Rent $721 $832 $1,096 $1,562 $1,824
High Rent(110%) $793 $915 $1,206 $1,718 $2,006
2019 Albany, OR MSA, OR Low Rent (90%) $581 $685 $905 $1,308 $1,497
Average Rent $646 $761 $1,006 $1,453 $1,663
High Rent (110%) $711 $837 $1,107 $1,598 $1,829
2018 Albany, OR MSA, OR Low Rent (90%) $526 $620 $824 $1,199 $1,361
Average Rent $584 $689 $916 $1,332 $1,512
High Rent(110%) $642 $758 $1,008 $1,465 $1,663
2017 Albany, OR MSA, OR Low Rent (90%) $501 $595 $790 $1,150 $1,342
Average Rent $557 $661 $878 $1,278 $1,491
High Rent (110%) $613 $727 $966 $1,406 $1,640


Discover Section 8 FMR in Albany, OR MSA by zip code