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

Petroleum County, MT, MT

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 Petroleum County, MT, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $653 to a high of $798, with an average of $725.
One-bedroom: One-bedroom rental prices vary, with a minimum of $684, a maximum of $836, and an average of $760.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $898, peaking at a maximum of $1,098, and averaging at $998.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,220, a maximum of $1,492, and an average of $1,356.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,414 to a maximum of $1,728, with an average of $1,571.

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 Petroleum County, MT 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 Petroleum County, MT, MT Low Rent (90%) $653 $684 $898 $1,220 $1,414
Average Rent $725 $760 $998 $1,356 $1,571
High Rent(110%) $798 $836 $1,098 $1,492 $1,728
2023 Petroleum County, MT, MT Low Rent (90%) $603 $635 $836 $1,132 $1,310
Average Rent $670 $706 $929 $1,258 $1,455
High Rent (110%) $737 $777 $1,022 $1,384 $1,601
2022 Petroleum County, MT, MT Low Rent (90%) $549 $591 $778 $1,060 $1,215
Average Rent $610 $657 $864 $1,178 $1,350
High Rent(110%) $671 $723 $950 $1,296 $1,485
2021 Petroleum County, MT, MT Low Rent (90%) $577 $630 $824 $1,122 $1,291
Average Rent $641 $700 $915 $1,247 $1,434
High Rent (110%) $705 $770 $1,007 $1,372 $1,577
2020 Petroleum County, MT, MT Low Rent (90%) $549 $615 $797 $1,093 $1,273
Average Rent $610 $683 $885 $1,214 $1,414
High Rent(110%) $671 $751 $974 $1,335 $1,555
2019 Petroleum County, MT, MT Low Rent (90%) $495 $554 $712 $985 $1,162
Average Rent $550 $616 $791 $1,094 $1,291
High Rent (110%) $605 $678 $870 $1,203 $1,420
2018 Petroleum County, MT, MT Low Rent (90%) $511 $571 $724 $1,013 $1,200
Average Rent $568 $634 $804 $1,126 $1,333
High Rent(110%) $625 $697 $884 $1,239 $1,466
2017 Petroleum County, MT, MT Low Rent (90%) $475 $525 $661 $932 $1,100
Average Rent $528 $583 $734 $1,035 $1,222
High Rent (110%) $581 $641 $807 $1,139 $1,344


Discover Section 8 FMR in Petroleum County, MT by zip code