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

Cambridge, MA 02140's Section 8 Fair Market Rent

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 the 02140 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $2,565 to a high of $3,135, with an average of $2,850.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,754, a maximum of $3,366, and an average of $3,060.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,276, peaking at a maximum of $4,004, and averaging at $3,640.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,960, a maximum of $4,840, and an average of $4,400.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,365 to a maximum of $5,335, with an average of $4,850.

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.

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

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Cambridge, MA 2140 Low Rent (90%) $2,565 $2,754 $3,276 $3,960 $4,365
Average Rent $2,850 $3,060 $3,640 $4,400 $4,850
High Rent(110%) $3,135 $3,366 $4,004 $4,840 $5,335
2023 Cambridge, MA 2140 Low Rent (90%) $2,502 $2,718 $3,258 $3,969 $4,374
Average Rent $2,780 $3,020 $3,620 $4,410 $4,860
High Rent (110%) $3,058 $3,322 $3,982 $4,851 $5,346
2022 Cambridge, MA 2140 Low Rent (90%) $2,151 $2,367 $2,862 $3,537 $3,879
Average Rent $2,390 $2,630 $3,180 $3,930 $4,310
High Rent(110%) $2,629 $2,893 $3,498 $4,323 $4,741
2021 Cambridge, MA 2140 Low Rent (90%) $1,971 $2,178 $2,646 $3,294 $3,591
Average Rent $2,190 $2,420 $2,940 $3,660 $3,990
High Rent (110%) $2,409 $2,662 $3,234 $4,026 $4,389
2020 Cambridge, MA 2140 Low Rent (90%) $1,809 $2,007 $2,439 $3,042 $3,303
Average Rent $2,010 $2,230 $2,710 $3,380 $3,670
High Rent(110%) $2,211 $2,453 $2,981 $3,718 $4,037
2019 Cambridge, MA 2140 Low Rent (90%) $1,593 $1,791 $2,178 $2,727 $2,943
Average Rent $1,770 $1,990 $2,420 $3,030 $3,270
High Rent (110%) $1,947 $2,189 $2,662 $3,333 $3,597


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