Logo Knoxville Fair Market Rent FY 2019 Knoxville, TN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Knoxville, TN :
$566 $698 $855 $1,114 $1,405
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 80% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Knoxville is $855 per month.

The previous year, rent for a two-bedroom home was $846 per month. This is a 1.06% increase year-over-year.

This FMR rate applies to Tallassee, TN, Briceville, TN, Sharps Chapel, TN, Norris, TN, Townsend, TN, Rockford, TN, Walland, TN, Heiskell, TN, Philadelphia, TN, Andersonville, 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 five counties or cities in Tennessee which ares listed in the table below. Estimated population of Knoxville, TN HUD Metro FMR Area FMR area is 698,030 people based on 2010 Census data.

Compared to the rest of Tennessee, the Knoxville FMR area is more expensive than 93% 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 $ 605
1-BR 1-Bedroom $ 747
2-BR 2-Bedroom $ 915
3-BR 3-Bedroom $ 1192
4-BR 4-Bedroom $ 1504
Change Year:

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

County / Region Est. Population
Anderson County, TN Metro 75,129
Blount County, TN Metro 123,010
Knox County, TN Metro 432,226
Loudon County, TN Metro 48,556
Union County, TN Metro 19,109
Zip Codes in Knoxville, TN HUD Metro FMR Area

There are 64 unique zip codes in this Fair Market Rent (FMR) area:

37701, 37705, 37710, 37716, 37717, 37721, 37737, 37742, 37754, 37769, 37771, 37772, 37774, 37777, 37801, 37802, 37803, 37804, 37807, 37828, 37830, 37831, 37840, 37846, 37849, 37853, 37865, 37866, 37874, 37878, 37882, 37885, 37886, 37901, 37902, 37909, 37912, 37914, 37915, 37916, 37917, 37918, 37919, 37920, 37921, 37922, 37923, 37924, 37927, 37928, 37929, 37930, 37931, 37932, 37933, 37934, 37938, 37939, 37940, 37950, 37995, 37996, 37997 and 37998

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