What are fair rent?

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Fair rent is known as fair market rent -- the amount that at least 40% of the population of the area in question are paying, including their utilities. However, there will be apartments and houses which will rent for above the fair market value, usually because of the amenities such as a swimming pool, proximity to a prime area, and other factors.

While this information is not going to be highly accurate, you could go to a website to look up the fair market rent in a certain area, usually the county at which you want to live. The website is known as www.huduser.org, and it is administered through HUD.
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