2016 Fair Market Rent in Tennessee

Average Fair Market Rent Prices in Tennessee:

Studio / Efficiency	1-Bedroom	2-Bedroom	3-Bedroom	4-Bedroom
$445	$492	$627	$831	$948
0-BR	1-BR	2-BR	3-BR	4-BR

Tennessee (42) has the 93rd highest rent in the country out of 112 states and territories. The Fair Market Rent in Tennessee ranges from $586 for a 2-bedroom apartment in Benton County, TN to $925 for a 2-bedroom unit in Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area.

For FY 2016, the Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area (Cannon County) rent for a studio or efficiency is $661 per month and $1,433 per month to rent a house or an apartment with 4 bedrooms. The average Fair Market Rent for a 2-bedroom home in Tennessee is $627 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in Tennessee is around 2,717,460 people. So, there are around 407,619 people in Tennessee who could be receiving housing benefits from the HUD.

Click on your region in the list below or on the map to see a more detailed break down of rental prices.

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

Tennessee Fair Market Rent Map

Click on a region to view more detailed rent data.

Lookup FMR by Zip Code FHA Loan Limits in Tennessee

County	0 BR	1 BR	2 BR	3 BR	4 BR	Est. Population
Knoxville, TN HUD Metro FMR Area Metro	$498	$663	$807	$1,051	$1,353	75,129
Bedford County, TN	$474	$563	$652	$950	$1,109	45,058
Benton County, TN	$426	$438	$586	$854	$867	16,489
Bledsoe County, TN	$426	$498	$586	$727	$852	12,876
Cleveland, TN MSA Metro	$472	$572	$765	$966	$1,233	98,963
Campbell County, TN HUD Metro FMR Area Metro	$377	$438	$586	$750	$1,023	40,716
Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area Metro	$661	$756	$925	$1,228	$1,433	13,801
Carroll County, TN	$426	$438	$586	$727	$909	28,522
Johnson City, TN MSA Metro	$452	$517	$658	$857	$1,079	57,424
Jackson, TN HUD Metro FMR Area Metro	$455	$612	$738	$1,015	$1,148	17,131
Claiborne County, TN	$426	$494	$586	$727	$1,023	32,213
Clay County, TN	$426	$438	$586	$727	$803	7,861
Cocke County, TN	$426	$438	$586	$849	$852	35,662
Coffee County, TN	$407	$493	$660	$883	$905	52,796
Crockett County, TN HUD Metro FMR Area Metro	$507	$525	$671	$836	$1,136	14,586
Cumberland County, TN	$466	$479	$641	$795	$879	56,053
Decatur County, TN	$482	$506	$586	$799	$954	11,757
DeKalb County, TN	$426	$438	$586	$800	$803	18,723
Dyer County, TN	$447	$451	$603	$824	$827	38,335
Memphis, TN-MS-AR HUD Metro FMR Area Metro	$602	$700	$827	$1,128	$1,309	38,413
Fentress County, TN	$426	$438	$586	$727	$826	17,959
Franklin County, TN	$426	$438	$586	$808	$881	41,052
Gibson County, TN	$458	$461	$586	$807	$873	49,683
Giles County, TN	$433	$512	$595	$799	$865	29,485
Morristown, TN HUD Metro FMR Area Metro	$377	$438	$586	$854	$885	22,657
Greene County, TN	$442	$445	$586	$757	$842	68,831
Grundy County, TN	$426	$472	$586	$779	$852	13,703
Morristown, TN MSA Metro	$454	$470	$629	$901	$923	62,544
Chattanooga, TN-GA MSA Metro	$515	$616	$767	$1,019	$1,247	336,463
Hancock County, TN	$426	$449	$586	$773	$1,015	6,819
Hardeman County, TN	$426	$456	$586	$748	$844	27,253
Hardin County, TN	$458	$471	$630	$782	$1,100	26,026
Kingsport-Bristol-Bristol, TN-VA MSA Metro	$431	$499	$660	$860	$946	56,833
Haywood County, TN	$396	$485	$642	$814	$933	18,787
Henderson County, TN	$455	$468	$626	$777	$858	27,769
Henry County, TN	$434	$445	$596	$740	$866	32,330
Hickman County, TN HUD Metro FMR Area Metro	$482	$498	$666	$910	$913	24,690
Houston County, TN	$361	$438	$586	$752	$880	8,426
Humphreys County, TN	$452	$474	$621	$771	$851	18,538
Jackson County, TN	$426	$486	$586	$849	$852	11,638
Johnson County, TN	$426	$506	$586	$727	$1,023	18,244
Lake County, TN	$426	$490	$586	$849	$852	7,832
Lauderdale County, TN	$426	$445	$586	$794	$944	27,815
Lawrence County, TN	$361	$478	$586	$733	$872	41,869
Lewis County, TN	$426	$506	$586	$854	$1,023	12,161
Lincoln County, TN	$431	$453	$593	$805	$813	33,361
McMinn County, TN	$374	$503	$606	$784	$912	52,266
McNairy County, TN	$426	$438	$586	$747	$803	26,075
Macon County, TN HUD Metro FMR Area Metro	$424	$438	$586	$727	$909	22,248
Marshall County, TN	$502	$516	$690	$856	$946	30,617
Maury County, TN HUD Metro FMR Area Metro	$553	$580	$692	$994	$1,128	80,956
Meigs County, TN	$426	$487	$586	$849	$852	11,753
Monroe County, TN	$449	$452	$605	$857	$898	44,519
Clarksville, TN-KY MSA Metro	$514	$605	$797	$1,077	$1,188	172,331
Moore County, TN	$426	$454	$586	$784	$852	6,362
Morgan County, TN HUD Metro FMR Area Metro	$405	$537	$621	$826	$973	21,987
Obion County, TN	$426	$438	$586	$775	$912	31,807
Overton County, TN	$431	$443	$593	$736	$963	22,083
Perry County, TN	$367	$493	$586	$727	$852	7,915
Pickett County, TN	$426	$454	$586	$770	$852	5,077
Putnam County, TN	$523	$526	$658	$899	$902	72,321
Rhea County, TN	$492	$517	$598	$764	$869	31,809
Roane County, TN HUD Metro FMR Area Metro	$447	$519	$695	$907	$986	54,181
Scott County, TN	$426	$438	$586	$854	$1,023	22,228
Sevier County, TN	$556	$563	$696	$934	$954	89,889
Smith County, TN HUD Metro FMR Area Metro	$443	$457	$612	$770	$852	19,166
Stewart County, TN	$426	$491	$586	$854	$894	13,324
Van Buren County, TN	$440	$452	$605	$751	$829	5,548
Warren County, TN	$426	$438	$586	$816	$1,023	39,839
Wayne County, TN	$426	$506	$586	$727	$954	17,021
Weakley County, TN	$361	$455	$586	$783	$839	35,021
White County, TN	$426	$438	$586	$775	$803	25,841

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Tennessee Fair Market Rent for 2016 Accurate Rental Price Data