Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Tennessee Fair Market Rent for 2022 Accurate Rental Price Data

Average Fair Market Rent Prices in Tennessee:
$717 $800 $980 $1,287 $1,512
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR

Tennessee (TN) has the 42nd highest rent in the country out of 56 states and territories. The Fair Market Rent in Tennessee is $980 for a 2-bedroom apartment in Knoxville, TN HUD Metro FMR Area.

For FY 2022, the Knoxville, TN HUD Metro FMR Area (Anderson County) rent for a studio or efficiency is $717 per month and $1,512 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 $980 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in Tennessee is around 75,540 people. So, there are around 11,331 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:
County 0 BR 1 BR 2 BR 3 BR 4 BR Est. Population
Metro $717 $800 $980 $1,287 $1,512 75,540
Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔