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2025 FMR And Section 8 Rents For Ithaca NY

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of ithaca, NY.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
33431$1311$1434$1664$2056$2229
33437$1311$1434$1664$2056$2229
33410$1311$1434$1664$2056$2229
33411$1311$1434$1664$2056$2229
33409$1311$1434$1664$2056$2229
33428$1390$1520$1760$2170$2360
33413$1311$1434$1664$2056$2229
33430$1311$1434$1664$2056$2229
33415$1311$1434$1664$2056$2229
33438$1311$1434$1664$2056$2229
33412$1311$1434$1664$2056$2229
33432$1390$1520$1760$2170$2360
33426$1340$1460$1700$2110$2290
33434$1311$1434$1664$2056$2229
33417$1311$1434$1664$2056$2229
33435$1350$1470$1710$2110$2290
33408$1311$1434$1664$2056$2229
33418$1311$1434$1664$2056$2229
33414$1311$1434$1664$2056$2229
33433$1311$1434$1664$2056$2229
33436$1620$1770$2060$2550$2760

Zip Code:

33431

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33437

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33410

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33411

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33409

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33428

Studio Rent:

$1390

1 Bedroom Rent:

$1520

2 Bedroom Rent:

$1760

3 Bedroom Rent:

$2170

4 Bedroom Rent:

$2360

Zip Code:

33413

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33430

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33415

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33438

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33412

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33432

Studio Rent:

$1390

1 Bedroom Rent:

$1520

2 Bedroom Rent:

$1760

3 Bedroom Rent:

$2170

4 Bedroom Rent:

$2360

Zip Code:

33426

Studio Rent:

$1340

1 Bedroom Rent:

$1460

2 Bedroom Rent:

$1700

3 Bedroom Rent:

$2110

4 Bedroom Rent:

$2290

Zip Code:

33434

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33417

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33435

Studio Rent:

$1350

1 Bedroom Rent:

$1470

2 Bedroom Rent:

$1710

3 Bedroom Rent:

$2110

4 Bedroom Rent:

$2290

Zip Code:

33408

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33418

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33414

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33433

Studio Rent:

$1311

1 Bedroom Rent:

$1434

2 Bedroom Rent:

$1664

3 Bedroom Rent:

$2056

4 Bedroom Rent:

$2229

Zip Code:

33436

Studio Rent:

$1620

1 Bedroom Rent:

$1770

2 Bedroom Rent:

$2060

3 Bedroom Rent:

$2550

4 Bedroom Rent:

$2760

⚡️
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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.