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Fair Market Rents


Fair Market Rents Effective March 13, 2023
  Single Room Occupancy (SRO) 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR 6 BR
Fair Market Rent $1,022 $1,362 $1,546 $1,923 $2,530 $2,997 $3,447 $3,964
Payment Standard $1,124 $1,498 $1,700 $2,115 $2,783 $3,296 $3,791 $4,285
Moderate Rehabilitation $1,226 $1,634 $1,855 $2,307 $3,036      

Fair Market Rents Effective March 1, 2023
  Single Room Occupancy (SRO) 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR 6 BR
Fair Market Rent $1,022 $1,362 $1,546 $1,923 $2,530 $2,997 $3,447 $3,964
Payment Standard $958 $1,278 $1,465 $1,839 $2,442 $2,894 $3,328 $3,762
Moderate Rehabilitation $1,226 $1,634 $1,855 $2,308 $3,036      

Fair market rents effective May 1, 2022
  Single Room Occupancy (SRO) 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR 6 BR
Fair Market Rent $871 $1,162 $1,332 $1,672 $2,220 $2,631 $3,026 $3,420
Payment Standard $958 $1,278 $1,465 $1,839 $2,442 $2,894 $3,328 $3,762
Moderate Rehabilitation $975 $1,300 $1,542 $1,950 $2,596      

Fair Market Rents Effective January 1, 2022
  Single Room Occupancy (SRO) 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR 6 BR
Fair Market Rent $871 $1,162 $1,332 $1,672 $2,220 $2,631 $3,026 $3,420
Payment Standard $854 $1,139 $1,305 $1,639 $2,176 $2,578 $2,965 $3,352
Moderate Rehabilitation $1,045 $1,394 $1,598 $2,006 $2,664      
 

Fair Market Rents Effective January 26, 2021
  Single Room Occupancy (SRO) 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR 6 BR
Fair Market Rent $792 $1,057 $1,231 $1,551 $2,068 $2,483 $2,885 $3,227
Payment Standard $797 $1,063 $1,260 $1,593 $2,121 $2,569 $2,954 $3,339
Moderate Rehabilitation $975 $1,300 $1,542 $1,950 $2,596      
 

Fair Market Rents Effective March 1, 2020
  Single Room Occupancy (SRO) 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR 6 BR
Fair Market Rent $813 $1,084 $1,285 $1,625 $2,164 $2,621 $3,014 $3,407
Payment Standard $797 $1,063 $1,260 $1,593 $2,121 $2,569 $2,954 $3,339
Moderate Rehabilitation $975 $1,300 $1,542 $1,950 $2,596      
 

Fair Market Rents Effective October 22, 2019
  Single Room Occupancy (SRO) 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR 6 BR
Fair Market Rent $813 $1,084 $1,285 $1,625 $2,164 $2,621 $3,014 $3,407
Payment Standard $748 $997 $1,182 $1,495 $1,991 $2,411 $2,773 $3,134
Moderate Rehabilitation $975 $1,300 $1,542 $1,950 $2,596      


Participants are selected from Miami-Dade Public Housing and Community Development's waiting list, typically paying approximately between 30% of income toward rent; the landlord receives the difference in the form of a housing assistance payment (HAP) from PHCD. Fair Market Rents (FMRs) determine the eligibility of rental housing units for the Section 8 Housing Choice Voucher Program and also serve as the payment standard used to calculate the subsidy.