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

New Orleans, LA 70186'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 70186 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 $909 to a high of $1,111, with an average of $1,010.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,053, a maximum of $1,287, and an average of $1,170.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,251, peaking at a maximum of $1,529, and averaging at $1,390.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,611, a maximum of $1,969, and an average of $1,790.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,872 to a maximum of $2,288, with an average of $2,080.

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 New Orleans, LA 70186 Low Rent (90%) $909 $1,053 $1,251 $1,611 $1,872
Average Rent $1,010 $1,170 $1,390 $1,790 $2,080
High Rent(110%) $1,111 $1,287 $1,529 $1,969 $2,288
2023 New Orleans, LA 70186 Low Rent (90%) $783 $927 $1,089 $1,404 $1,629
Average Rent $870 $1,030 $1,210 $1,560 $1,810
High Rent (110%) $957 $1,133 $1,331 $1,716 $1,991
2022 New Orleans, LA 70186 Low Rent (90%) $720 $846 $999 $1,287 $1,485
Average Rent $800 $940 $1,110 $1,430 $1,650
High Rent(110%) $880 $1,034 $1,221 $1,573 $1,815
2021 New Orleans, LA 70186 Low Rent (90%) $702 $828 $972 $1,260 $1,449
Average Rent $780 $920 $1,080 $1,400 $1,610
High Rent (110%) $858 $1,012 $1,188 $1,540 $1,771
2020 New Orleans, LA 70186 Low Rent (90%) $711 $837 $990 $1,278 $1,467
Average Rent $790 $930 $1,100 $1,420 $1,630
High Rent(110%) $869 $1,023 $1,210 $1,562 $1,793
2019 New Orleans, LA 70186 Low Rent (90%) $666 $774 $927 $1,197 $1,368
Average Rent $740 $860 $1,030 $1,330 $1,520
High Rent (110%) $814 $946 $1,133 $1,463 $1,672


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