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

Las Cruces, NM 88001'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 88001 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 $675 to a high of $825, with an average of $750.
One-bedroom: One-bedroom rental prices vary, with a minimum of $801, a maximum of $979, and an average of $890.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $900, peaking at a maximum of $1,100, and averaging at $1,000.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,260, a maximum of $1,540, and an average of $1,400.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,422 to a maximum of $1,738, with an average of $1,580.

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 Las Cruces, NM 88001 Low Rent (90%) $675 $801 $900 $1,260 $1,422
Average Rent $750 $890 $1,000 $1,400 $1,580
High Rent(110%) $825 $979 $1,100 $1,540 $1,738
2023 Las Cruces, NM 88001 Low Rent (90%) $657 $711 $819 $1,161 $1,341
Average Rent $730 $790 $910 $1,290 $1,490
High Rent (110%) $803 $869 $1,001 $1,419 $1,639
2022 Las Cruces, NM 88001 Low Rent (90%) $576 $585 $711 $1,008 $1,188
Average Rent $640 $650 $790 $1,120 $1,320
High Rent(110%) $704 $715 $869 $1,232 $1,452
2021 Las Cruces, NM 88001 Low Rent (90%) $513 $540 $657 $954 $1,143
Average Rent $570 $600 $730 $1,060 $1,270
High Rent (110%) $627 $660 $803 $1,166 $1,397
2020 Las Cruces, NM 88001 Low Rent (90%) $486 $531 $657 $945 $1,134
Average Rent $540 $590 $730 $1,050 $1,260
High Rent(110%) $594 $649 $803 $1,155 $1,386
2019 Las Cruces, NM 88001 Low Rent (90%) $459 $513 $630 $909 $1,089
Average Rent $510 $570 $700 $1,010 $1,210
High Rent (110%) $561 $627 $770 $1,111 $1,331


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