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RentData.org Logo Tennessee Fair Market Rent for 2023 Accurate Rental Price Data

Average Fair Market Rent Prices in Tennessee:
$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

Tennessee (TN) has the 38th highest rent in the country out of 56 states and territories. The Fair Market Rent in Tennessee is $1,156 for a 2-bedroom apartment in Knoxville, TN HUD Metro FMR Area.

For FY 2023, the Knoxville, TN HUD Metro FMR Area (Anderson County) rent for a studio or efficiency is $887 per month and $1,773 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 $1,156 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in Tennessee is around 76,513 people. So, there are around 11,477 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 $887 $952 $1,156 $1,507 $1,773 76,513
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