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Fair Market Rents


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      
 
Fair Market Rents Effective January 1, 2019
  Single Room Occupancy (SRO) 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR 6 BR
Fair Market Rent   $951 $1,147 $1,454 $1,934 $2,354 $2,589 $3,060
Payment Standard $672 $896 $1,097 $1,390 $1,791 $2,167 $2,491 $2,816
Moderate Rehabilitation $856 $1,141 $1,376 $1,744 $2,320      


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.
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