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

Rancho Santa Margarita, CA 92688'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 92688 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 $2,322 to a high of $2,838, with an average of $2,580.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,475, a maximum of $3,025, and an average of $2,750.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,934, peaking at a maximum of $3,586, and averaging at $3,260.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,969, a maximum of $4,851, and an average of $4,410.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,707 to a maximum of $5,753, with an average of $5,230.

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 Rancho Santa Margarita, CA 92688 Low Rent (90%) $2,322 $2,475 $2,934 $3,969 $4,707
Average Rent $2,580 $2,750 $3,260 $4,410 $5,230
High Rent(110%) $2,838 $3,025 $3,586 $4,851 $5,753
2023 Rancho Santa Margarita, CA 92688 Low Rent (90%) $2,106 $2,295 $2,754 $3,744 $4,374
Average Rent $2,340 $2,550 $3,060 $4,160 $4,860
High Rent (110%) $2,574 $2,805 $3,366 $4,576 $5,346
2022 Rancho Santa Margarita, CA 92688 Low Rent (90%) $1,827 $2,025 $2,475 $3,384 $3,915
Average Rent $2,030 $2,250 $2,750 $3,760 $4,350
High Rent(110%) $2,233 $2,475 $3,025 $4,136 $4,785
2021 Rancho Santa Margarita, CA 92688 Low Rent (90%) $1,728 $1,935 $2,394 $3,312 $3,816
Average Rent $1,920 $2,150 $2,660 $3,680 $4,240
High Rent (110%) $2,112 $2,365 $2,926 $4,048 $4,664
2020 Rancho Santa Margarita, CA 92688 Low Rent (90%) $1,602 $1,827 $2,268 $3,168 $3,663
Average Rent $1,780 $2,030 $2,520 $3,520 $4,070
High Rent(110%) $1,958 $2,233 $2,772 $3,872 $4,477
2019 Rancho Santa Margarita, CA 92688 Low Rent (90%) $1,494 $1,719 $2,151 $3,024 $3,492
Average Rent $1,660 $1,910 $2,390 $3,360 $3,880
High Rent (110%) $1,826 $2,101 $2,629 $3,696 $4,268


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