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Commonly abbreviated as FMR, the Fair Market Rent is the average rent and utility costs for newly leased, non-luxury rental units with basic amenities. Fair Market Rents are used to set rental assistance payment standards for federal housing programs.<\/p>", "inDefinedTermSet": "https://affordablehousingonline.com/glossary" },

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Fair Market Rent

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Commonly abbreviated as FMR, the Fair Market Rent is the average rent and utility costs for newly leased, non-luxury rental units with basic amenities. Fair Market Rents are used to set rental assistance payment standards for federal housing programs.

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