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RentData.org Logo Knoxville Fair Market Rent FY 2023 Knoxville, TN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Knoxville, TN :
$887 $952 $1,156 $1,507 $1,773
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Knoxville are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Knoxville is $1,156 per month.

The previous year, rent for a two-bedroom home was $980 per month. This is a 17.96% 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 which is listed in the table below. Estimated population of Knoxville, TN HUD Metro FMR Area FMR area is 76,513 people based on latest Census data.

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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 $ 955
1-BR 1-Bedroom $ 1024
2-BR 2-Bedroom $ 1244
3-BR 3-Bedroom $ 1621
4-BR 4-Bedroom $ 1908
Change Year:

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
, TN Metro 76,513
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

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