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

Glassboro, NJ 08028'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 08028 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 $1,395 to a high of $1,705, with an average of $1,550.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,557, a maximum of $1,903, and an average of $1,730.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,863, peaking at a maximum of $2,277, and averaging at $2,070.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,250, a maximum of $2,750, and an average of $2,500.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,601 to a maximum of $3,179, with an average of $2,890.

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 Glassboro, NJ 8028 Low Rent (90%) $1,395 $1,557 $1,863 $2,250 $2,601
Average Rent $1,550 $1,730 $2,070 $2,500 $2,890
High Rent(110%) $1,705 $1,903 $2,277 $2,750 $3,179
2023 Glassboro, NJ 8028 Low Rent (90%) $1,116 $1,260 $1,521 $1,854 $2,151
Average Rent $1,240 $1,400 $1,690 $2,060 $2,390
High Rent (110%) $1,364 $1,540 $1,859 $2,266 $2,629
2022 Glassboro, NJ 8028 Low Rent (90%) $927 $1,053 $1,278 $1,584 $1,809
Average Rent $1,030 $1,170 $1,420 $1,760 $2,010
High Rent(110%) $1,133 $1,287 $1,562 $1,936 $2,211
2021 Glassboro, NJ 8028 Low Rent (90%) $846 $972 $1,179 $1,467 $1,683
Average Rent $940 $1,080 $1,310 $1,630 $1,870
High Rent (110%) $1,034 $1,188 $1,441 $1,793 $2,057
2020 Glassboro, NJ 8028 Low Rent (90%) $783 $918 $1,116 $1,395 $1,593
Average Rent $870 $1,020 $1,240 $1,550 $1,770
High Rent(110%) $957 $1,122 $1,364 $1,705 $1,947
2019 Glassboro, NJ 8028 Low Rent (90%) $765 $900 $1,089 $1,368 $1,557
Average Rent $850 $1,000 $1,210 $1,520 $1,730
High Rent (110%) $935 $1,100 $1,331 $1,672 $1,903


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