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

Colorado Springs, CO HUD Metro FMR Area, CO

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 Colorado Springs, CO HUD Metro FMR Area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $1,071 to a high of $1,309, with an average of $1,190.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,267, a maximum of $1,549, and an average of $1,408.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,561, peaking at a maximum of $1,907, and averaging at $1,734.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,200, a maximum of $2,688, and an average of $2,444.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,588 to a maximum of $3,163, with an average of $2,875.

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 Colorado Springs, CO HUD Metro FMR Area 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 Colorado Springs, CO HUD Metro FMR Area, CO Low Rent (90%) $1,071 $1,267 $1,561 $2,200 $2,588
Average Rent $1,190 $1,408 $1,734 $2,444 $2,875
High Rent(110%) $1,309 $1,549 $1,907 $2,688 $3,163
2023 Colorado Springs, CO HUD Metro FMR Area, CO Low Rent (90%) $918 $1,065 $1,336 $1,898 $2,275
Average Rent $1,020 $1,183 $1,484 $2,109 $2,528
High Rent (110%) $1,122 $1,301 $1,632 $2,320 $2,781
2022 Colorado Springs, CO HUD Metro FMR Area, CO Low Rent (90%) $797 $930 $1,172 $1,664 $2,006
Average Rent $885 $1,033 $1,302 $1,849 $2,229
High Rent(110%) $974 $1,136 $1,432 $2,034 $2,452
2021 Colorado Springs, CO HUD Metro FMR Area, CO Low Rent (90%) $717 $854 $1,080 $1,545 $1,870
Average Rent $797 $949 $1,200 $1,717 $2,078
High Rent (110%) $877 $1,044 $1,320 $1,889 $2,286
2020 Colorado Springs, CO HUD Metro FMR Area, CO Low Rent (90%) $669 $807 $1,027 $1,481 $1,803
Average Rent $743 $897 $1,141 $1,646 $2,003
High Rent(110%) $817 $987 $1,255 $1,811 $2,203
2019 Colorado Springs, CO HUD Metro FMR Area, CO Low Rent (90%) $616 $750 $958 $1,384 $1,682
Average Rent $684 $833 $1,064 $1,538 $1,869
High Rent (110%) $752 $916 $1,170 $1,692 $2,056
2018 Colorado Springs, CO HUD Metro FMR Area, CO Low Rent (90%) $586 $714 $918 $1,336 $1,617
Average Rent $651 $793 $1,020 $1,484 $1,797
High Rent(110%) $716 $872 $1,122 $1,632 $1,977
2017 Colorado Springs, CO HUD Metro FMR Area, CO Low Rent (90%) $543 $663 $855 $1,245 $1,507
Average Rent $603 $737 $950 $1,383 $1,674
High Rent (110%) $663 $811 $1,045 $1,521 $1,841


Discover Section 8 FMR in Colorado Springs, CO HUD Metro FMR Area by zip code