How much is allowed for a 1, 2, or 3 bedroom apartment? Can I get a more expensive apartment and pay the difference?
The Dept. of Housing and Urban Development (HUD) gives us payment standards for what rental limits should be in our area. If your unit exceeds these guidelines you may be able to pay the difference but under no circumstances can you pay more than 40% of your monthly adjusted income for rent. To determine what rental amount is allowed for an apartment there are several things we must consider; the HUD payment standard, whether or not you would be responsible for paying utilities, what the landlord charged for this unit before, and what the rent is for other similar units in the area. If a landlord was charging the prior tenant $400 per month he cannot inflate the rent to $450 simply because you are receiving a rental subsidy, and if there is a comparable unit down the street, the rent charged for your unit cannot be more than that one is rented for.
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