Fair Market Rents 2013

Each year, the federal government provides our industry with information regarding the rents that are being charged for privately owned apartments in different communities.  The FMRs (Fair Market Rents) are an estimate of the average gross rents (rents plus utilities) for medium-quality different-sized apartments in each community.

The proposed FMRs for Fiscal Year 2013 were published in the Federal Register on August 3, 2012.  These proposed rents reflect 40^th and 50^th percentile rent levels for local markets.  The percentiles are used to set successful rate payment standards.  Having this information will enable owners/agents to review their rent structure for future budget increases.

The Fair Market Rents for 2013 can be found here