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

West Palm Beach, FL 33422'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 33422 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 $1,422 to a high of $1,738, with an average of $1,580.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,665, a maximum of $2,035, and an average of $1,850.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,007, peaking at a maximum of $2,453, and averaging at $2,230.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,655, a maximum of $3,245, and an average of $2,950.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,204 to a maximum of $3,916, with an average of $3,560.

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 West Palm Beach, FL 33422 Low Rent (90%) $1,422 $1,665 $2,007 $2,655 $3,204
Average Rent $1,580 $1,850 $2,230 $2,950 $3,560
High Rent(110%) $1,738 $2,035 $2,453 $3,245 $3,916
2023 West Palm Beach, FL 33422 Low Rent (90%) $1,134 $1,386 $1,692 $2,259 $2,763
Average Rent $1,260 $1,540 $1,880 $2,510 $3,070
High Rent (110%) $1,386 $1,694 $2,068 $2,761 $3,377
2022 West Palm Beach, FL 33422 Low Rent (90%) $945 $1,152 $1,422 $1,908 $2,322
Average Rent $1,050 $1,280 $1,580 $2,120 $2,580
High Rent(110%) $1,155 $1,408 $1,738 $2,332 $2,838
2021 West Palm Beach, FL 33422 Low Rent (90%) $882 $1,062 $1,323 $1,791 $2,151
Average Rent $980 $1,180 $1,470 $1,990 $2,390
High Rent (110%) $1,078 $1,298 $1,617 $2,189 $2,629
2020 West Palm Beach, FL 33422 Low Rent (90%) $918 $1,089 $1,359 $1,845 $2,187
Average Rent $1,020 $1,210 $1,510 $2,050 $2,430
High Rent(110%) $1,122 $1,331 $1,661 $2,255 $2,673
2019 West Palm Beach, FL 33422 Low Rent (90%) $855 $1,026 $1,287 $1,755 $2,052
Average Rent $950 $1,140 $1,430 $1,950 $2,280
High Rent (110%) $1,045 $1,254 $1,573 $2,145 $2,508


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