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Multiply your monthly adjusted income by 0.3. Generally, HUD requires public housing residents to pay rent equal to 30 percent of their monthly adjusted income. If your adjusted monthly income is $1,000, your public housing rent, or Total Tenant Payment, is $300.
HUD releases these rate standards, called âFair Market Rentsâ, each fiscal year. According to Eduardo Cabrera, a spokesperson for HUD, the rental rates are calculated using United States Census Bureau data and can change each year. To see HUDâs Fair Market Rents for the last five years, click here or look below.