51�Թ�

For new listings, on average landlords and rental agents are charging renters 315% of the Fair Market Rent, which is nearly double the legal limit.

Fair market rent for a one-bedroom apartment was $490 in 1985, when the city adopted the current formula.

That’s still lower than current market rent of about $2,000 a month.

Participants would contribute a portion of their income toward rent, with a rental subsidy voucher covering the remainder, to ensure landlords or homeowners receive fair market rent.

The National Low Income Housing Coalition estimates that if you work a minimum wage job in Washington, you would have to work 77 hours a week for market rent on a one-bedroom apartment to be considered affordable.