FY2027 Small Area FMR · Santa Monica, CA
ZIP 90403 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 90403 (Santa Monica, CA) is $4,250 a month, up 3.9% from FY2026. That is 43% above the Los Angeles-Long Beach-Glendale, CA area-wide FMR of $2,964.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 90403 sits in the Los Angeles-Long Beach-Glendale, CA area
Of the 474 ZIP codes HUD lists for the area, 90403 has the 30th highest two-bedroom Small Area FMR. Los Angeles-Long Beach-Glendale, CA is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $3,825 and $4,675 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $3,080 | $2,772 – $3,388 | $2,151 | $2,930 |
| 1 bedroom | $3,440 | $3,096 – $3,784 | $2,402 | $3,280 |
| 2 bedrooms | $4,250 | $3,825 – $4,675 | $2,964 | $4,090 |
| 3 bedrooms | $5,390 | $4,851 – $5,929 | $3,760 | $5,190 |
| 4 bedrooms | $6,030 | $5,427 – $6,633 | $4,208 | $5,770 |
A household renting a two-bedroom home at the Small Area FMR of $4,250 needs about $170,000 a year to keep housing costs at 30% of income. The area median family income is $108,100 and the 80% low-income limit for four people is $133,250. ZIP code 90403 lies mainly in Los Angeles County. See the Los Angeles-Long Beach-Glendale, CA county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 90403?
HUD's FY2027 Small Area Fair Market Rents for 90403 are $3,080 (studio), $3,440 (1 BR), $4,250 (2 BR), $5,390 (3 BR) and $6,030 (4 BR) a month.
What is the Section 8 payment standard in 90403?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 90403 that range is $3,825 to $4,675 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 90403?
The FY2026 income limits of the Los Angeles-Long Beach-Glendale, CA area apply: median family income $108,100, low-income (80%) limit $133,250 for a family of four.