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RentData.org Logo Tennessee Fair Market Rent for 2023 Accurate Rental Price Data

Average Fair Market Rent Prices in Tennessee:
$624 $650 $809 $1,061 $1,198
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR

Tennessee (42) has the 73rd highest rent in the country out of 112 states and territories. The Fair Market Rent in Tennessee ranges from $747 for a 2-bedroom apartment in Benton County, TN to $1,406 for a 2-bedroom unit in Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area.

For FY 2023, the Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area (Cannon County) rent for a studio or efficiency is $1,218 per month and $2,173 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 $809 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in Tennessee is around 2,835,576 people. So, there are around 425,336 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
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
County 0 BR 1 BR 2 BR 3 BR 4 BR Est. Population
Knoxville, TN HUD Metro FMR Area Metro $887 $952 $1,156 $1,507 $1,773 76,513
Bedford County, TN $732 $737 $907 $1,104 $1,218 48,937
Benton County, TN $597 $601 $747 $909 $1,191 16,133
Bledsoe County, TN $564 $567 $747 $1,062 $1,272 14,961
Cleveland, TN MSA Metro $661 $707 $931 $1,221 $1,319 106,924
Campbell County, TN HUD Metro FMR Area Metro $566 $643 $847 $1,138 $1,160 39,818
Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area Metro $1,218 $1,245 $1,406 $1,758 $2,173 14,374
Carroll County, TN $609 $661 $747 $967 $1,003 27,841
Johnson City, TN MSA Metro $700 $724 $875 $1,107 $1,299 56,452
Jackson, TN HUD Metro FMR Area Metro $627 $712 $937 $1,269 $1,274 17,260
Claiborne County, TN $609 $661 $747 $983 $1,003 31,827
Clay County, TN $589 $593 $747 $1,062 $1,168 7,640
Cocke County, TN $564 $567 $747 $1,052 $1,060 35,797
Coffee County, TN $600 $604 $790 $1,057 $1,327 56,024
Crockett County, TN HUD Metro FMR Area Metro $592 $605 $796 $999 $1,347 14,310
Cumberland County, TN $616 $620 $762 $1,083 $1,190 60,016
Decatur County, TN $564 $567 $747 $952 $1,051 11,663
DeKalb County, TN $565 $569 $749 $968 $1,078 20,104
Dyer County, TN $582 $586 $759 $1,079 $1,167 37,201
Memphis, TN-MS-AR HUD Metro FMR Area Metro $800 $902 $1,032 $1,365 $1,584 40,612
Fentress County, TN $564 $567 $747 $920 $1,112 18,405
Franklin County, TN $623 $629 $764 $1,020 $1,158 41,999
Gibson County, TN HUD Metro FMR Area Metro $556 $605 $747 $1,041 $1,272 49,193
Giles County, TN $631 $684 $773 $968 $1,248 29,403
Grainger County, TN HUD Metro FMR Area Metro $568 $572 $753 $1,008 $1,012 23,268
Greene County, TN $578 $661 $747 $1,062 $1,201 69,077
Grundy County, TN $597 $601 $747 $938 $1,051 13,371
Morristown, TN HUD Metro FMR Area Metro $632 $636 $828 $1,132 $1,298 64,479
Chattanooga, TN-GA MSA Metro $910 $919 $1,067 $1,372 $1,619 364,718
Hancock County, TN $574 $578 $747 $909 $1,272 6,568
Hardeman County, TN $564 $567 $747 $1,016 $1,025 25,247
Hardin County, TN $564 $567 $747 $1,000 $1,003 25,665
Kingsport-Bristol-Bristol, TN-VA MSA Metro $583 $627 $793 $1,041 $1,170 56,735
Haywood County, TN $561 $567 $747 $987 $1,152 17,391
Henderson County, TN $609 $661 $747 $986 $1,003 27,956
Henry County, TN $576 $580 $763 $929 $1,025 32,251
Hickman County, TN $609 $661 $747 $1,062 $1,272 25,017
Houston County, TN $619 $623 $770 $937 $1,034 8,201
Humphreys County, TN $609 $661 $747 $1,040 $1,248 18,528
Jackson County, TN $564 $567 $747 $909 $1,003 11,767
Johnson County, TN $609 $661 $747 $909 $1,051 17,755
Lake County, TN $609 $617 $747 $956 $1,086 7,273
Lauderdale County, TN $564 $567 $747 $974 $1,196 25,689
Lawrence County, TN $582 $586 $771 $974 $1,084 43,780
Lewis County, TN $564 $567 $747 $909 $1,272 12,131
Lincoln County, TN $609 $661 $747 $1,062 $1,258 34,158
McMinn County, TN $668 $716 $839 $1,123 $1,127 53,392
McNairy County, TN $590 $594 $747 $1,006 $1,111 25,814
Macon County, TN HUD Metro FMR Area Metro $623 $628 $826 $1,036 $1,260 24,208
Marshall County, TN $658 $662 $872 $1,132 $1,171 33,708
Maury County, TN HUD Metro FMR Area Metro $832 $837 $1,102 $1,469 $1,555 94,615
Meigs County, TN $589 $593 $747 $1,047 $1,051 12,237
Monroe County, TN $499 $600 $747 $991 $1,003 46,413
Clarksville, TN-KY HUD Metro FMR Area Metro $699 $758 $985 $1,389 $1,678 204,992
Moore County, TN $603 $607 $765 $992 $1,076 6,396
Morgan County, TN HUD Metro FMR Area Metro $605 $609 $801 $1,112 $1,116 21,538
Obion County, TN $543 $622 $747 $943 $1,003 30,343
Overton County, TN $609 $661 $747 $1,000 $1,003 22,171
Perry County, TN $573 $577 $759 $963 $1,067 8,020
Pickett County, TN $614 $618 $779 $948 $1,096 5,068
Putnam County, TN $637 $641 $844 $1,154 $1,321 78,542
Rhea County, TN $564 $567 $747 $1,019 $1,079 32,964
Roane County, TN HUD Metro FMR Area Metro $714 $771 $933 $1,212 $1,589 53,331
Scott County, TN $609 $623 $747 $1,062 $1,067 22,020
Sevier County, TN $726 $783 $945 $1,205 $1,269 98,007
Smith County, TN HUD Metro FMR Area Metro $546 $614 $808 $1,051 $1,121 19,926
Stewart County, TN HUD Metro FMR Area Metro $542 $604 $768 $1,007 $1,308 13,553
Van Buren County, TN $609 $610 $747 $1,015 $1,051 5,813
Warren County, TN $589 $593 $780 $956 $1,105 40,971
Wayne County, TN $609 $620 $747 $970 $1,051 16,638
Weakley County, TN $609 $621 $747 $909 $1,091 33,377
White County, TN $623 $627 $825 $1,004 $1,108 27,087

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