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

Gaithersburg, MD 20899'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 20899 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 $828 to a high of $1,012, with an average of $920.
One-bedroom: One-bedroom rental prices vary, with a minimum of $837, a maximum of $1,023, and an average of $930.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $954, peaking at a maximum of $1,166, and averaging at $1,060.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,188, a maximum of $1,452, and an average of $1,320.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,404 to a maximum of $1,716, with an average of $1,560.

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 Gaithersburg, MD 20899 Low Rent (90%) $828 $837 $954 $1,188 $1,404
Average Rent $920 $930 $1,060 $1,320 $1,560
High Rent(110%) $1,012 $1,023 $1,166 $1,452 $1,716
2023 Gaithersburg, MD 20899 Low Rent (90%) $729 $747 $855 $1,125 $1,386
Average Rent $810 $830 $950 $1,250 $1,540
High Rent (110%) $891 $913 $1,045 $1,375 $1,694
2022 Gaithersburg, MD 20899 Low Rent (90%) $783 $810 $945 $1,242 $1,539
Average Rent $870 $900 $1,050 $1,380 $1,710
High Rent(110%) $957 $990 $1,155 $1,518 $1,881
2021 Gaithersburg, MD 20899 Low Rent (90%) $864 $900 $1,044 $1,377 $1,701
Average Rent $960 $1,000 $1,160 $1,530 $1,890
High Rent (110%) $1,056 $1,100 $1,276 $1,683 $2,079
2020 Gaithersburg, MD 20899 Low Rent (90%) $954 $999 $1,152 $1,521 $1,881
Average Rent $1,060 $1,110 $1,280 $1,690 $2,090
High Rent(110%) $1,166 $1,221 $1,408 $1,859 $2,299
2019 Gaithersburg, MD 20899 Low Rent (90%) $1,053 $1,107 $1,278 $1,683 $2,088
Average Rent $1,170 $1,230 $1,420 $1,870 $2,320
High Rent (110%) $1,287 $1,353 $1,562 $2,057 $2,552


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