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

Lafayette-West Lafayette, IN HUD Metro FMR Area, IN

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 Lafayette-West Lafayette, IN 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 $700 to a high of $856, with an average of $778.
One-bedroom: One-bedroom rental prices vary, with a minimum of $817, a maximum of $999, and an average of $908.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $962, peaking at a maximum of $1,176, and averaging at $1,069.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,164, a maximum of $1,422, and an average of $1,293.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,444 to a maximum of $1,764, with an average of $1,604.

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 Lafayette-West Lafayette, IN 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 Lafayette-West Lafayette, IN HUD Metro FMR Area, IN Low Rent (90%) $700 $817 $962 $1,164 $1,444
Average Rent $778 $908 $1,069 $1,293 $1,604
High Rent(110%) $856 $999 $1,176 $1,422 $1,764
2023 Lafayette-West Lafayette, IN HUD Metro FMR Area, IN Low Rent (90%) $715 $825 $964 $1,191 $1,495
Average Rent $794 $917 $1,071 $1,323 $1,661
High Rent (110%) $873 $1,009 $1,178 $1,455 $1,827
2022 Lafayette-West Lafayette, IN HUD Metro FMR Area, IN Low Rent (90%) $661 $758 $883 $1,138 $1,397
Average Rent $734 $842 $981 $1,264 $1,552
High Rent(110%) $807 $926 $1,079 $1,390 $1,707
2021 Lafayette-West Lafayette, IN HUD Metro FMR Area, IN Low Rent (90%) $588 $678 $785 $1,040 $1,307
Average Rent $653 $753 $872 $1,156 $1,452
High Rent (110%) $718 $828 $959 $1,272 $1,597
2020 Lafayette-West Lafayette, IN HUD Metro FMR Area, IN Low Rent (90%) $558 $649 $753 $1,014 $1,294
Average Rent $620 $721 $837 $1,127 $1,438
High Rent(110%) $682 $793 $921 $1,240 $1,582
2019 Lafayette-West Lafayette, IN HUD Metro FMR Area, IN Low Rent (90%) $554 $636 $747 $1,009 $1,296
Average Rent $615 $707 $830 $1,121 $1,440
High Rent (110%) $677 $778 $913 $1,233 $1,584
2018 Lafayette-West Lafayette, IN HUD Metro FMR Area, IN Low Rent (90%) $551 $621 $742 $1,005 $1,281
Average Rent $612 $690 $824 $1,117 $1,423
High Rent(110%) $673 $759 $906 $1,229 $1,565
2017 Lafayette-West Lafayette, IN HUD Metro FMR Area, IN Low Rent (90%) $552 $614 $744 $1,019 $1,290
Average Rent $613 $682 $827 $1,132 $1,433
High Rent (110%) $674 $750 $910 $1,245 $1,576


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