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

Phoenix, AZ 85029'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 85029 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 $1,161 to a high of $1,419, with an average of $1,290.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,269, a maximum of $1,551, and an average of $1,410.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,494, peaking at a maximum of $1,826, and averaging at $1,660.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,025, a maximum of $2,475, and an average of $2,250.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,304 to a maximum of $2,816, with an average of $2,560.

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 Phoenix, AZ 85029 Low Rent (90%) $1,161 $1,269 $1,494 $2,025 $2,304
Average Rent $1,290 $1,410 $1,660 $2,250 $2,560
High Rent(110%) $1,419 $1,551 $1,826 $2,475 $2,816
2023 Phoenix, AZ 85029 Low Rent (90%) $1,080 $1,179 $1,395 $1,917 $2,178
Average Rent $1,200 $1,310 $1,550 $2,130 $2,420
High Rent (110%) $1,320 $1,441 $1,705 $2,343 $2,662
2022 Phoenix, AZ 85029 Low Rent (90%) $810 $873 $1,053 $1,467 $1,665
Average Rent $900 $970 $1,170 $1,630 $1,850
High Rent(110%) $990 $1,067 $1,287 $1,793 $2,035
2021 Phoenix, AZ 85029 Low Rent (90%) $756 $837 $1,017 $1,431 $1,638
Average Rent $840 $930 $1,130 $1,590 $1,820
High Rent (110%) $924 $1,023 $1,243 $1,749 $2,002
2020 Phoenix, AZ 85029 Low Rent (90%) $684 $774 $945 $1,350 $1,548
Average Rent $760 $860 $1,050 $1,500 $1,720
High Rent(110%) $836 $946 $1,155 $1,650 $1,892
2019 Phoenix, AZ 85029 Low Rent (90%) $603 $702 $864 $1,251 $1,431
Average Rent $670 $780 $960 $1,390 $1,590
High Rent (110%) $737 $858 $1,056 $1,529 $1,749


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