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

Renton, WA 98059'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 98059 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 $2,178 to a high of $2,662, with an average of $2,420.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,232, a maximum of $2,728, and an average of $2,480.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,601, peaking at a maximum of $3,179, and averaging at $2,890.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,447, a maximum of $4,213, and an average of $3,830.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,014 to a maximum of $4,906, with an average of $4,460.

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 Renton, WA 98059 Low Rent (90%) $2,178 $2,232 $2,601 $3,447 $4,014
Average Rent $2,420 $2,480 $2,890 $3,830 $4,460
High Rent(110%) $2,662 $2,728 $3,179 $4,213 $4,906
2023 Renton, WA 98059 Low Rent (90%) $2,043 $2,106 $2,457 $3,303 $3,852
Average Rent $2,270 $2,340 $2,730 $3,670 $4,280
High Rent (110%) $2,497 $2,574 $3,003 $4,037 $4,708
2022 Renton, WA 98059 Low Rent (90%) $1,692 $1,764 $2,070 $2,835 $3,330
Average Rent $1,880 $1,960 $2,300 $3,150 $3,700
High Rent(110%) $2,068 $2,156 $2,530 $3,465 $4,070
2021 Renton, WA 98059 Low Rent (90%) $1,512 $1,584 $1,890 $2,646 $3,114
Average Rent $1,680 $1,760 $2,100 $2,940 $3,460
High Rent (110%) $1,848 $1,936 $2,310 $3,234 $3,806
2020 Renton, WA 98059 Low Rent (90%) $1,557 $1,665 $2,007 $2,862 $3,366
Average Rent $1,730 $1,850 $2,230 $3,180 $3,740
High Rent(110%) $1,903 $2,035 $2,453 $3,498 $4,114
2019 Renton, WA 98059 Low Rent (90%) $1,314 $1,449 $1,764 $2,538 $2,997
Average Rent $1,460 $1,610 $1,960 $2,820 $3,330
High Rent (110%) $1,606 $1,771 $2,156 $3,102 $3,663


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