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

Little Rock, AR 72223'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 72223 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 $1,080, a maximum of $1,320, and an average of $1,200.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,233, peaking at a maximum of $1,507, and averaging at $1,370.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,647, a maximum of $2,013, and an average of $1,830.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,944 to a maximum of $2,376, with an average of $2,160.

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 Little Rock, AR 72223 Low Rent (90%) $1,071 $1,080 $1,233 $1,647 $1,944
Average Rent $1,190 $1,200 $1,370 $1,830 $2,160
High Rent(110%) $1,309 $1,320 $1,507 $2,013 $2,376
2023 Little Rock, AR 72223 Low Rent (90%) $891 $909 $1,035 $1,377 $1,647
Average Rent $990 $1,010 $1,150 $1,530 $1,830
High Rent (110%) $1,089 $1,111 $1,265 $1,683 $2,013
2022 Little Rock, AR 72223 Low Rent (90%) $801 $828 $945 $1,269 $1,512
Average Rent $890 $920 $1,050 $1,410 $1,680
High Rent(110%) $979 $1,012 $1,155 $1,551 $1,848
2021 Little Rock, AR 72223 Low Rent (90%) $792 $828 $954 $1,278 $1,503
Average Rent $880 $920 $1,060 $1,420 $1,670
High Rent (110%) $968 $1,012 $1,166 $1,562 $1,837
2020 Little Rock, AR 72223 Low Rent (90%) $720 $774 $900 $1,215 $1,422
Average Rent $800 $860 $1,000 $1,350 $1,580
High Rent(110%) $880 $946 $1,100 $1,485 $1,738
2019 Little Rock, AR 72223 Low Rent (90%) $684 $774 $918 $1,224 $1,449
Average Rent $760 $860 $1,020 $1,360 $1,610
High Rent (110%) $836 $946 $1,122 $1,496 $1,771


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