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

Gilbert, AZ 85295'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 85295 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 $1,692 to a high of $2,068, with an average of $1,880.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,854, a maximum of $2,266, and an average of $2,060.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,178, peaking at a maximum of $2,662, and averaging at $2,420.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,952, a maximum of $3,608, and an average of $3,280.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,357 to a maximum of $4,103, with an average of $3,730.

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 Gilbert, AZ 85295 Low Rent (90%) $1,692 $1,854 $2,178 $2,952 $3,357
Average Rent $1,880 $2,060 $2,420 $3,280 $3,730
High Rent(110%) $2,068 $2,266 $2,662 $3,608 $4,103
2023 Gilbert, AZ 85295 Low Rent (90%) $1,593 $1,737 $2,061 $2,826 $3,213
Average Rent $1,770 $1,930 $2,290 $3,140 $3,570
High Rent (110%) $1,947 $2,123 $2,519 $3,454 $3,927
2022 Gilbert, AZ 85295 Low Rent (90%) $1,197 $1,305 $1,566 $2,178 $2,484
Average Rent $1,330 $1,450 $1,740 $2,420 $2,760
High Rent(110%) $1,463 $1,595 $1,914 $2,662 $3,036
2021 Gilbert, AZ 85295 Low Rent (90%) $1,107 $1,224 $1,485 $2,097 $2,385
Average Rent $1,230 $1,360 $1,650 $2,330 $2,650
High Rent (110%) $1,353 $1,496 $1,815 $2,563 $2,915
2020 Gilbert, AZ 85295 Low Rent (90%) $999 $1,134 $1,386 $1,980 $2,268
Average Rent $1,110 $1,260 $1,540 $2,200 $2,520
High Rent(110%) $1,221 $1,386 $1,694 $2,420 $2,772
2019 Gilbert, AZ 85295 Low Rent (90%) $873 $1,017 $1,260 $1,818 $2,088
Average Rent $970 $1,130 $1,400 $2,020 $2,320
High Rent (110%) $1,067 $1,243 $1,540 $2,222 $2,552


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