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

San Luis Obispo, CA 93407'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 93407 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 $1,386 to a high of $1,694, with an average of $1,540.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,557, a maximum of $1,903, and an average of $1,730.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,043, peaking at a maximum of $2,497, and averaging at $2,270.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,736, a maximum of $3,344, and an average of $3,040.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,114 to a maximum of $3,806, with an average of $3,460.

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 San Luis Obispo, CA 93407 Low Rent (90%) $1,386 $1,557 $2,043 $2,736 $3,114
Average Rent $1,540 $1,730 $2,270 $3,040 $3,460
High Rent(110%) $1,694 $1,903 $2,497 $3,344 $3,806
2023 San Luis Obispo, CA 93407 Low Rent (90%) $1,260 $1,404 $1,854 $2,556 $2,844
Average Rent $1,400 $1,560 $2,060 $2,840 $3,160
High Rent (110%) $1,540 $1,716 $2,266 $3,124 $3,476
2022 San Luis Obispo, CA 93407 Low Rent (90%) $1,179 $1,296 $1,701 $2,412 $2,745
Average Rent $1,310 $1,440 $1,890 $2,680 $3,050
High Rent(110%) $1,441 $1,584 $2,079 $2,948 $3,355
2021 San Luis Obispo, CA 93407 Low Rent (90%) $1,053 $1,143 $1,503 $2,151 $2,601
Average Rent $1,170 $1,270 $1,670 $2,390 $2,890
High Rent (110%) $1,287 $1,397 $1,837 $2,629 $3,179


Discover Section 8 FMR by zip code