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

Cambridge, MA 02141'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 02141 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 $2,511 to a high of $3,069, with an average of $2,790.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,700, a maximum of $3,300, and an average of $3,000.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,213, peaking at a maximum of $3,927, and averaging at $3,570.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,888, a maximum of $4,752, and an average of $4,320.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,275 to a maximum of $5,225, with an average of $4,750.

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 2141 Low Rent (90%) $2,511 $2,700 $3,213 $3,888 $4,275
Average Rent $2,790 $3,000 $3,570 $4,320 $4,750
High Rent(110%) $3,069 $3,300 $3,927 $4,752 $5,225
2023 Cambridge, MA 2141 Low Rent (90%) $2,340 $2,538 $3,042 $3,699 $4,086
Average Rent $2,600 $2,820 $3,380 $4,110 $4,540
High Rent (110%) $2,860 $3,102 $3,718 $4,521 $4,994
2022 Cambridge, MA 2141 Low Rent (90%) $2,007 $2,205 $2,664 $3,294 $3,609
Average Rent $2,230 $2,450 $2,960 $3,660 $4,010
High Rent(110%) $2,453 $2,695 $3,256 $4,026 $4,411
2021 Cambridge, MA 2141 Low Rent (90%) $1,926 $2,124 $2,583 $3,213 $3,501
Average Rent $2,140 $2,360 $2,870 $3,570 $3,890
High Rent (110%) $2,354 $2,596 $3,157 $3,927 $4,279
2020 Cambridge, MA 2141 Low Rent (90%) $1,818 $2,016 $2,448 $3,051 $3,312
Average Rent $2,020 $2,240 $2,720 $3,390 $3,680
High Rent(110%) $2,222 $2,464 $2,992 $3,729 $4,048
2019 Cambridge, MA 2141 Low Rent (90%) $1,665 $1,872 $2,277 $2,853 $3,078
Average Rent $1,850 $2,080 $2,530 $3,170 $3,420
High Rent (110%) $2,035 $2,288 $2,783 $3,487 $3,762


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