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RentData.org Logo Chattanooga Fair Market Rent FY 2023 Chattanooga, TN-GA MSA Rental Data

Fair Market Rent Prices in Chattanooga, GA :
$910 $919 $1,067 $1,372 $1,619
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Chattanooga are high compared to the national average. This FMR area is more expensive than 85% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Chattanooga is $1,067 per month.

The previous year, rent for a two-bedroom home was $883 per month. This is a 20.84% increase year-over-year.

This FMR rate applies to Graysville, GA, Rock Spring, GA, Cohutta, GA, Fort Oglethorpe, GA, Tunnel Hill, GA, Chickamauga, GA, Rossville, GA, Ringgold, GA and other cities within the region. The Metro Code or CBSA code for this region is METRO16860M16860.

Additionally, This Fair Market Rent (FMR) area Chattanooga, TN-GA MSA spans one county or city in Georgia which is listed in the table below. Estimated population of Chattanooga, TN-GA MSA FMR area is 67,181 people based on latest Census data.

Compared to the rest of Georgia, the Chattanooga FMR area is more expensive than 95% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Chattanooga. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Chattanooga

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 991
1-BR 1-Bedroom $ 1001
2-BR 2-Bedroom $ 1162
3-BR 3-Bedroom $ 1494
4-BR 4-Bedroom $ 1763
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Chattanooga, TN-GA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Chattanooga.

County / Region Est. Population
Chattanooga, GA Metro 67,181
Zip Codes in Chattanooga, TN-GA MSA

There are 8 unique zip codes in this Fair Market Rent (FMR) area:

30707, 30710, 30726, 30736, 30739, 30741, 30742 and 30755

Lookup Fair Market Rent by Zip Code

What's Next?

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