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

Trenton, NJ 08691'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 08691 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 $1,602 to a high of $1,958, with an average of $1,780.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,836, a maximum of $2,244, and an average of $2,040.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,358, peaking at a maximum of $2,882, and averaging at $2,620.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,862, a maximum of $3,498, and an average of $3,180.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,150 to a maximum of $3,850, with an average of $3,500.

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 Trenton, NJ 8691 Low Rent (90%) $1,602 $1,836 $2,358 $2,862 $3,150
Average Rent $1,780 $2,040 $2,620 $3,180 $3,500
High Rent(110%) $1,958 $2,244 $2,882 $3,498 $3,850
2024 Trenton, NJ 8691 Low Rent (90%) $1,602 $1,836 $2,358 $2,862 $3,150
Average Rent $1,780 $2,040 $2,620 $3,180 $3,500
High Rent (110%) $1,958 $2,244 $2,882 $3,498 $3,850
2023 Trenton, NJ 8691 Low Rent (90%) $1,395 $1,593 $2,088 $2,547 $2,817
Average Rent $1,550 $1,770 $2,320 $2,830 $3,130
High Rent(110%) $1,705 $1,947 $2,552 $3,113 $3,443
2022 Trenton, NJ 8691 Low Rent (90%) $1,341 $1,539 $2,016 $2,502 $2,745
Average Rent $1,490 $1,710 $2,240 $2,780 $3,050
High Rent (110%) $1,639 $1,881 $2,464 $3,058 $3,355
2021 Trenton, NJ 8691 Low Rent (90%) $1,314 $1,521 $1,998 $2,484 $2,736
Average Rent $1,460 $1,690 $2,220 $2,760 $3,040
High Rent(110%) $1,606 $1,859 $2,442 $3,036 $3,344
2020 Trenton, NJ 8691 Low Rent (90%) $1,251 $1,485 $1,917 $2,394 $2,709
Average Rent $1,390 $1,650 $2,130 $2,660 $3,010
High Rent (110%) $1,529 $1,815 $2,343 $2,926 $3,311
2019 Trenton, NJ 8691 Low Rent (90%) $1,116 $1,350 $1,701 $2,187 $2,493
Average Rent $1,240 $1,500 $1,890 $2,430 $2,770
High Rent(110%) $1,364 $1,650 $2,079 $2,673 $3,047


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