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

Oklahoma City, OK 73131'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 73131 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 $855 to a high of $1,045, with an average of $950.
One-bedroom: One-bedroom rental prices vary, with a minimum of $918, a maximum of $1,122, and an average of $1,020.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,134, peaking at a maximum of $1,386, and averaging at $1,260.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,512, a maximum of $1,848, and an average of $1,680.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,665 to a maximum of $2,035, with an average of $1,850.

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 Oklahoma City, OK 73131 Low Rent (90%) $855 $918 $1,134 $1,512 $1,665
Average Rent $950 $1,020 $1,260 $1,680 $1,850
High Rent(110%) $1,045 $1,122 $1,386 $1,848 $2,035
2023 Oklahoma City, OK 73131 Low Rent (90%) $819 $864 $1,071 $1,431 $1,620
Average Rent $910 $960 $1,190 $1,590 $1,800
High Rent (110%) $1,001 $1,056 $1,309 $1,749 $1,980
2022 Oklahoma City, OK 73131 Low Rent (90%) $783 $819 $1,017 $1,359 $1,593
Average Rent $870 $910 $1,130 $1,510 $1,770
High Rent(110%) $957 $1,001 $1,243 $1,661 $1,947
2021 Oklahoma City, OK 73131 Low Rent (90%) $810 $846 $1,053 $1,422 $1,710
Average Rent $900 $940 $1,170 $1,580 $1,900
High Rent (110%) $990 $1,034 $1,287 $1,738 $2,090
2020 Oklahoma City, OK 73131 Low Rent (90%) $828 $882 $1,098 $1,494 $1,827
Average Rent $920 $980 $1,220 $1,660 $2,030
High Rent(110%) $1,012 $1,078 $1,342 $1,826 $2,233
2019 Oklahoma City, OK 73131 Low Rent (90%) $801 $864 $1,089 $1,485 $1,836
Average Rent $890 $960 $1,210 $1,650 $2,040
High Rent (110%) $979 $1,056 $1,331 $1,815 $2,244


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