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

Brooklyn, NY 11229'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 11229 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 $2,034 to a high of $2,486, with an average of $2,260.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,088, a maximum of $2,552, and an average of $2,320.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,349, peaking at a maximum of $2,871, and averaging at $2,610.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,934, a maximum of $3,586, and an average of $3,260.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,159 to a maximum of $3,861, with an average of $3,510.

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 Brooklyn, NY 11229 Low Rent (90%) $2,034 $2,088 $2,349 $2,934 $3,159
Average Rent $2,260 $2,320 $2,610 $3,260 $3,510
High Rent(110%) $2,486 $2,552 $2,871 $3,586 $3,861
2023 Brooklyn, NY 11229 Low Rent (90%) $1,908 $1,953 $2,205 $2,772 $2,988
Average Rent $2,120 $2,170 $2,450 $3,080 $3,320
High Rent (110%) $2,332 $2,387 $2,695 $3,388 $3,652
2022 Brooklyn, NY 11229 Low Rent (90%) $1,791 $1,827 $2,079 $2,619 $2,817
Average Rent $1,990 $2,030 $2,310 $2,910 $3,130
High Rent(110%) $2,189 $2,233 $2,541 $3,201 $3,443
2021 Brooklyn, NY 11229 Low Rent (90%) $1,575 $1,611 $1,836 $2,322 $2,493
Average Rent $1,750 $1,790 $2,040 $2,580 $2,770
High Rent (110%) $1,925 $1,969 $2,244 $2,838 $3,047
2020 Brooklyn, NY 11229 Low Rent (90%) $1,494 $1,539 $1,755 $2,223 $2,376
Average Rent $1,660 $1,710 $1,950 $2,470 $2,640
High Rent(110%) $1,826 $1,881 $2,145 $2,717 $2,904
2019 Brooklyn, NY 11229 Low Rent (90%) $1,395 $1,431 $1,638 $2,079 $2,214
Average Rent $1,550 $1,590 $1,820 $2,310 $2,460
High Rent (110%) $1,705 $1,749 $2,002 $2,541 $2,706


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