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RentData.org Logo Cleveland Fair Market Rent FY 2020 Cleveland, TN MSA Rental Data

Fair Market Rent Prices in Cleveland, TN :
$526 $613 $807 $1,029 $1,214
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 Cleveland are average compared to the national average. This FMR area is more expensive than 67% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Cleveland is $807 per month.

The previous year, rent for a two-bedroom home was $799 per month. This is a 1% increase year-over-year.

This FMR rate applies to Farner, TN, Ducktown, TN, Turtletown, TN, Ocoee, TN, Copperhill, TN, Old Fort, TN, Charleston, TN, Georgetown, TN, Benton, TN, Mc Donald, TN and other cities within the region. The Metro Code or CBSA code for this region is METRO17420M17420.

Additionally, This Fair Market Rent (FMR) area Cleveland, TN MSA spans two counties or cities in Tennessee which ares listed in the table below. Estimated population of Cleveland, TN MSA FMR area is 0 people based on 2000 Census data.

Compared to the rest of Tennessee, the Cleveland FMR area is more expensive than 84% 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 Cleveland. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Cleveland

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 $ 555
1-BR 1-Bedroom $ 647
2-BR 2-Bedroom $ 852
3-BR 3-Bedroom $ 1087
4-BR 4-Bedroom $ 1281
Change Year:

The counties, cities, towns, and regions listed below fall into the Cleveland, TN MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Chattanooga.

County / Region Est. Population
Bradley County, TN Metro 0
Polk County, TN Metro 0
Zip Codes in Cleveland, TN MSA

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

37307, 37310, 37311, 37312, 37317, 37320, 37323, 37326, 37333, 37336, 37353, 37361, 37362, 37364 and 37391

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