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RentData.org Logo Franklin County Fair Market Rent FY 2021 Franklin County, TN Rental Data

Fair Market Rent Prices in Franklin County, TN :
$509 $512 $663 $949 $1,090
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Franklin County are very low compared to the national average. This FMR area is less expensive than 79% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Franklin County is $663 per month.

The previous year, rent for a two-bedroom home was $649 per month. This is a 2.16% increase year-over-year.

This FMR rate applies to Sherwood, TN, Pelham, TN, Elora, TN, Cowan, TN, Huntland, TN, Sewanee, TN, Monteagle, TN, Flintville, TN, Belvidere, TN, Lynchburg, TN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY47051N47051.

Additionally, This Fair Market Rent (FMR) area Franklin County, TN spans one county or city in Tennessee which is listed in the table below. Estimated population of Franklin County, TN FMR area is 41,395 people based on latest Census data.

Compared to the rest of Tennessee, the Franklin County FMR area is more expensive than 60% of the state.

Tennessee Rents Map

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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 Franklin County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Franklin County

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 $ 520
1-BR 1-Bedroom $ 523
2-BR 2-Bedroom $ 678
3-BR 3-Bedroom $ 970
4-BR 4-Bedroom $ 1115
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 Franklin County, TN FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers three metro areas: Nashville, Huntsville - Decatur (Flor) and Chattanooga.

County / Region Est. Population
Franklin County, TN 41,395
Zip Codes in Franklin County, TN

There are 14 unique zip codes in this Fair Market Rent (FMR) area:

37306, 37318, 37324, 37328, 37335, 37345, 37352, 37356, 37366, 37375, 37376, 37380, 37383 and 37398

Lookup Fair Market Rent by Zip Code

What's Next?

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