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

Waterbury, CT HUD Metro FMR Area, CT

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 Waterbury, CT 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 $865 to a high of $1,057, with an average of $961.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,040, a maximum of $1,271, and an average of $1,155.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,276, peaking at a maximum of $1,560, and averaging at $1,418.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,646, a maximum of $2,012, and an average of $1,829.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,030 to a maximum of $2,482, with an average of $2,256.

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 Waterbury, CT 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 Waterbury, CT HUD Metro FMR Area, CT Low Rent (90%) $865 $1,040 $1,276 $1,646 $2,030
Average Rent $961 $1,155 $1,418 $1,829 $2,256
High Rent(110%) $1,057 $1,271 $1,560 $2,012 $2,482
2023 Waterbury, CT HUD Metro FMR Area, CT Low Rent (90%) $804 $971 $1,202 $1,531 $1,847
Average Rent $893 $1,079 $1,335 $1,701 $2,052
High Rent (110%) $982 $1,187 $1,469 $1,871 $2,257
2022 Waterbury, CT HUD Metro FMR Area, CT Low Rent (90%) $712 $864 $1,071 $1,337 $1,574
Average Rent $791 $960 $1,190 $1,485 $1,749
High Rent(110%) $870 $1,056 $1,309 $1,634 $1,924
2021 Waterbury, CT HUD Metro FMR Area, CT Low Rent (90%) $696 $853 $1,055 $1,312 $1,502
Average Rent $773 $948 $1,172 $1,458 $1,669
High Rent (110%) $850 $1,043 $1,289 $1,604 $1,836
2020 Waterbury, CT HUD Metro FMR Area, CT Low Rent (90%) $656 $815 $1,007 $1,255 $1,416
Average Rent $729 $906 $1,119 $1,394 $1,573
High Rent(110%) $802 $997 $1,231 $1,533 $1,730
2019 Waterbury, CT HUD Metro FMR Area, CT Low Rent (90%) $642 $811 $999 $1,252 $1,385
Average Rent $713 $901 $1,110 $1,391 $1,539
High Rent (110%) $784 $991 $1,221 $1,530 $1,693
2018 Waterbury, CT HUD Metro FMR Area, CT Low Rent (90%) $602 $767 $944 $1,184 $1,298
Average Rent $669 $852 $1,049 $1,315 $1,442
High Rent(110%) $736 $937 $1,154 $1,447 $1,586
2017 Waterbury, CT HUD Metro FMR Area, CT Low Rent (90%) $568 $721 $895 $1,120 $1,255
Average Rent $631 $801 $994 $1,244 $1,394
High Rent (110%) $694 $881 $1,093 $1,368 $1,533


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