How much rent may I charge for my property?

February 5, 2025

Many factors affect the final rent amount approved by FWHS. The property must be compared to other similar properties in the area; Fair Market Rent (FMR), a guideline established by HUD of maximum fair rents by unit size, must be considered; and a Rent Reasonable study to determine the individual property’s value on the open market is conducted. In addition, if the tenant is paying the utilities, a Utility Allowance must be deducted from the FMR to establish a rent amount. The Landlord Orientation answers this question extensively.