FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 85132
1.21ratio
FMR$2,060
Market$1,700
vs market+$360
FMR is above market; underwrite to market rent.
1.21
4 BR
4 BR- 85132
1.16ratio
FMR$2,280
Market$1,960
vs market+$320
FMR is above market; underwrite to market rent.
1.16
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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Florence, AZ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Florence, AZ is $1,560 a month. That is down 4.3% from $1,630 in FY 2026. Florence is in the Phoenix-Mesa-Chandler, AZ MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Arizona is $1,244, so Florence is 25% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Florence, AZ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,290
$1,250
−3.1%
$1,125–$1,375
1BR
$1,400
$1,340
−4.3%
$1,206–$1,474
2BR
$1,630
$1,560
−4.3%
$1,404–$1,716
3BR
$2,170
$2,060
−5.1%
$1,854–$2,266
4BR
$2,410
$2,280
−5.4%
$2,052–$2,508
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Florence, AZ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,250
$1,340
$1,560
$2,060
$2,280
FY 2026
$1,290
$1,400
$1,630
$2,170
$2,410
FY 2025
$1,370
$1,500
$1,740
$2,340
$2,620
FY 2024
$1,320
$1,450
$1,700
$2,300
$2,620
FY 2023
$1,230
$1,340
$1,590
$2,180
$2,480
Questions about Florence, AZ rents
How much will Section 8 pay for a two-bedroom in Florence, AZ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,560, that basic range is $1,404 to $1,716 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Florence, AZ in?
Florence, AZ is in the Phoenix-Mesa-Chandler, AZ MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Florence, AZ for FY 2027?
The two-bedroom FMR fell 4.3%, from $1,630 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has fallen 1.9%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set