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

Riverside, CA 92509'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 92509 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 $1,332 to a high of $1,628, with an average of $1,480.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,413, a maximum of $1,727, and an average of $1,570.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,764, peaking at a maximum of $2,156, and averaging at $1,960.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,376, a maximum of $2,904, and an average of $2,640.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,898 to a maximum of $3,542, with an average of $3,220.

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 Riverside, CA 92509 Low Rent (90%) $1,332 $1,413 $1,764 $2,376 $2,898
Average Rent $1,480 $1,570 $1,960 $2,640 $3,220
High Rent(110%) $1,628 $1,727 $2,156 $2,904 $3,542
2023 Riverside, CA 92509 Low Rent (90%) $1,143 $1,242 $1,557 $2,115 $2,601
Average Rent $1,270 $1,380 $1,730 $2,350 $2,890
High Rent (110%) $1,397 $1,518 $1,903 $2,585 $3,179
2022 Riverside, CA 92509 Low Rent (90%) $927 $1,053 $1,323 $1,809 $2,232
Average Rent $1,030 $1,170 $1,470 $2,010 $2,480
High Rent(110%) $1,133 $1,287 $1,617 $2,211 $2,728
2021 Riverside, CA 92509 Low Rent (90%) $828 $963 $1,206 $1,665 $2,052
Average Rent $920 $1,070 $1,340 $1,850 $2,280
High Rent (110%) $1,012 $1,177 $1,474 $2,035 $2,508
2020 Riverside, CA 92509 Low Rent (90%) $783 $918 $1,152 $1,602 $1,980
Average Rent $870 $1,020 $1,280 $1,780 $2,200
High Rent(110%) $957 $1,122 $1,408 $1,958 $2,420
2019 Riverside, CA 92509 Low Rent (90%) $756 $900 $1,125 $1,566 $1,944
Average Rent $840 $1,000 $1,250 $1,740 $2,160
High Rent (110%) $924 $1,100 $1,375 $1,914 $2,376


Discover Section 8 FMR by zip code