2024 Fair Market Rents in Memphis, TN 38118 with Section 8 Assistance

In 2024, Fair Market Rents (FMRs) in Memphis, TN 38118 offer diverse housing options, including those relevant to Section 8 assistance:

  Efficiency: $837 (low) to $1,023 (high) per month
  One-Bedrooms: $927 (low) to $1,133 (high) per month
  Two-Bedrooms: $1,053 (low) to $1,287 (high) per month
  Three-Bedrooms: $1,386 (low) to $1,694 (high) per month
  Four-Bedrooms: $1,620 (low) to $1,980 (high) per month

These FMRs offer choices for various budgets and Section 8 housing requirements in the Memphis, TN 38118 providing valuable resources for both tenants and landlords.

The prices mentioned include utilities; however, if the property owner doesn't cover utilities, the rent may be lower. Additionally, keep in mind that each housing authority sets its own price limits, so it's advisable to reach out to the housing authority to inquire about the allowable rental rates.

To apply for Section 8 housing, you can check your income against the Memphis, TN-MS-AR HUD Metro FMR Area Housing Choice voucher income limit to determine your eligibility.