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

Savannah, GA 31403'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 31403 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 $1,071 to a high of $1,309, with an average of $1,190.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,161, a maximum of $1,419, and an average of $1,290.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,305, peaking at a maximum of $1,595, and averaging at $1,450.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,773, a maximum of $2,167, and an average of $1,970.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,079 to a maximum of $2,541, with an average of $2,310.

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 Savannah, GA 31403 Low Rent (90%) $1,071 $1,161 $1,305 $1,773 $2,079
Average Rent $1,190 $1,290 $1,450 $1,970 $2,310
High Rent(110%) $1,309 $1,419 $1,595 $2,167 $2,541
2023 Savannah, GA 31403 Low Rent (90%) $927 $1,008 $1,134 $1,548 $1,809
Average Rent $1,030 $1,120 $1,260 $1,720 $2,010
High Rent (110%) $1,133 $1,232 $1,386 $1,892 $2,211
2022 Savannah, GA 31403 Low Rent (90%) $792 $846 $963 $1,323 $1,548
Average Rent $880 $940 $1,070 $1,470 $1,720
High Rent(110%) $968 $1,034 $1,177 $1,617 $1,892
2021 Savannah, GA 31403 Low Rent (90%) $792 $828 $945 $1,296 $1,503
Average Rent $880 $920 $1,050 $1,440 $1,670
High Rent (110%) $968 $1,012 $1,155 $1,584 $1,837
2020 Savannah, GA 31403 Low Rent (90%) $756 $801 $909 $1,242 $1,431
Average Rent $840 $890 $1,010 $1,380 $1,590
High Rent(110%) $924 $979 $1,111 $1,518 $1,749
2019 Savannah, GA 31403 Low Rent (90%) $738 $774 $891 $1,224 $1,386
Average Rent $820 $860 $990 $1,360 $1,540
High Rent (110%) $902 $946 $1,089 $1,496 $1,694


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