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

Gilbert, AZ 85297'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 85297 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 $1,872 to a high of $2,288, with an average of $2,080.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,043, a maximum of $2,497, and an average of $2,270.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,403, peaking at a maximum of $2,937, and averaging at $2,670.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,258, a maximum of $3,982, and an average of $3,620.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,699 to a maximum of $4,521, with an average of $4,110.

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 85297 Low Rent (90%) $1,872 $2,043 $2,403 $3,258 $3,699
Average Rent $2,080 $2,270 $2,670 $3,620 $4,110
High Rent(110%) $2,288 $2,497 $2,937 $3,982 $4,521
2023 Gilbert, AZ 85297 Low Rent (90%) $1,755 $1,917 $2,277 $3,123 $3,555
Average Rent $1,950 $2,130 $2,530 $3,470 $3,950
High Rent (110%) $2,145 $2,343 $2,783 $3,817 $4,345
2022 Gilbert, AZ 85297 Low Rent (90%) $1,332 $1,449 $1,737 $2,421 $2,754
Average Rent $1,480 $1,610 $1,930 $2,690 $3,060
High Rent(110%) $1,628 $1,771 $2,123 $2,959 $3,366
2021 Gilbert, AZ 85297 Low Rent (90%) $1,251 $1,386 $1,683 $2,376 $2,700
Average Rent $1,390 $1,540 $1,870 $2,640 $3,000
High Rent (110%) $1,529 $1,694 $2,057 $2,904 $3,300
2020 Gilbert, AZ 85297 Low Rent (90%) $1,134 $1,278 $1,566 $2,241 $2,556
Average Rent $1,260 $1,420 $1,740 $2,490 $2,840
High Rent(110%) $1,386 $1,562 $1,914 $2,739 $3,124
2019 Gilbert, AZ 85297 Low Rent (90%) $990 $1,161 $1,431 $2,070 $2,367
Average Rent $1,100 $1,290 $1,590 $2,300 $2,630
High Rent (110%) $1,210 $1,419 $1,749 $2,530 $2,893


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