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RentData.org Logo Knoxville Fair Market Rent FY 2007 Knoxville, TN MSA Rental Data

Fair Market Rent Prices in Knoxville, TN :
$427 $491 $592 $793 $819
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 $592 per month.

The previous year, rent for a two-bedroom home was $569 per month. This is a 4.04% 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 MSA spans five counties or cities in which ares listed in the table below. Estimated population of Knoxville, TN MSA FMR area is 616,079 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 $ 459
1-BR 1-Bedroom $ 534
2-BR 2-Bedroom $ 643
3-BR 3-Bedroom $ 882
4-BR 4-Bedroom $ 938
Change Year:

The counties, cities, towns, and regions listed below fall into the Knoxville, TN MSA 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 71,330
Blount County, TN Metro 105,823
Knox County, TN Metro 382,032
Loudon County, TN Metro 39,086
Union County, TN Metro 17,808
Zip Codes in Knoxville, TN MSA

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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