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RentData.org Logo Knoxville Fair Market Rent FY 2020 Knoxville, TN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Knoxville, TN :
$624 $742 $915 $1,198 $1,476
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 Knoxville are high compared to the national average. This FMR area is more expensive than 84% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Knoxville is $915 per month.

The previous year, rent for a two-bedroom home was $855 per month. This is a 7.02% increase year-over-year.

This FMR rate applies to Briceville, TN, Norris, TN, Heiskell, TN, Andersonville, TN, Lake City, TN, Oliver Springs, TN, Clinton, TN, Powell, TN, Oak Ridge, TN, Knoxville, TN and other cities within the region. The Metro Code or CBSA code for this region is METRO28940M28940.

Additionally, This Fair Market Rent (FMR) area Knoxville, TN HUD Metro FMR Area spans one county or city in Tennessee which is listed in the table below. Estimated population of Knoxville, TN HUD Metro FMR Area FMR area is 75,540 people based on latest Census data.

Compared to the rest of Tennessee, the Knoxville FMR area is more expensive than 97% 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 Knoxville. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Knoxville

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 $ 670
1-BR 1-Bedroom $ 796
2-BR 2-Bedroom $ 982
3-BR 3-Bedroom $ 1286
4-BR 4-Bedroom $ 1584
Change Year:
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Knoxville, TN HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Knoxville.

County / Region Est. Population
Knoxville, TN Metro 75,540
Zip Codes in Knoxville, TN HUD Metro FMR Area

There are 13 unique zip codes in this Fair Market Rent (FMR) area:

37705, 37710, 37716, 37717, 37754, 37769, 37828, 37830, 37831, 37840, 37849, 37931 and 37938

Lookup Fair Market Rent by Zip Code

What's Next?

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