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

Riverside, CT 6878'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 6878 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 $2,070 to a high of $2,530, with an average of $2,300.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,520, a maximum of $3,080, and an average of $2,800.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,051, peaking at a maximum of $3,729, and averaging at $3,390.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,717, a maximum of $4,543, and an average of $4,130.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,059 to a maximum of $4,961, with an average of $4,510.

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 Riverside, CT 6878 Low Rent (90%) $2,070 $2,520 $3,051 $3,717 $4,059
Average Rent $2,300 $2,800 $3,390 $4,130 $4,510
High Rent(110%) $2,530 $3,080 $3,729 $4,543 $4,961
2023 Riverside, CT 6878 Low Rent (90%) $2,007 $2,466 $2,970 $3,663 $3,987
Average Rent $2,230 $2,740 $3,300 $4,070 $4,430
High Rent (110%) $2,453 $3,014 $3,630 $4,477 $4,873
2022 Riverside, CT 6878 Low Rent (90%) $1,611 $1,971 $2,358 $2,916 $3,240
Average Rent $1,790 $2,190 $2,620 $3,240 $3,600
High Rent(110%) $1,969 $2,409 $2,882 $3,564 $3,960
2021 Riverside, CT 6878 Low Rent (90%) $1,422 $1,791 $2,160 $2,682 $2,997
Average Rent $1,580 $1,990 $2,400 $2,980 $3,330
High Rent (110%) $1,738 $2,189 $2,640 $3,278 $3,663
2020 Riverside, CT 6878 Low Rent (90%) $1,539 $1,926 $2,358 $2,961 $3,321
Average Rent $1,710 $2,140 $2,620 $3,290 $3,690
High Rent(110%) $1,881 $2,354 $2,882 $3,619 $4,059
2019 Riverside, CT 6878 Low Rent (90%) $1,035 $1,278 $1,611 $2,061 $2,457
Average Rent $1,150 $1,420 $1,790 $2,290 $2,730
High Rent (110%) $1,265 $1,562 $1,969 $2,519 $3,003


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