Definition: Estimated monthly cost of rent and all tenant-paid utilities (excluding telephone, internet, and cable or satellite television services) in standard-quality rental housing, by unit size (e.g., in fiscal year 2020, fair market rent for a two-bedroom unit in Los Angeles County was $1,956).
Data Source: U.S. Dept. of Housing and Urban Development, Fair Market Rents (Apr. 2020).
Footnote: Standard-quality rental units are more than two years old, decent, safe, privately owned, non-luxury residences with suitable amenities. For most areas, data are based on the 40th percentile rent for units occupied by recent movers (those who moved to their present residence within the previous 15 months). For more information, see (Office of Policy Development and Research, 2007). Estimates are not adjusted for inflation. N/A means that data are not available.