Tennessee (42) has the
37th highest rent in the country out of 56 states and territories. The Fair Market Rent in Tennessee
ranges from
$747 for a 2-bedroom apartment in
Benton County, TN
to $1,406 for a 2-bedroom unit in
Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area.
For FY 2023, the Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area (Cannon County) rent for a studio or efficiency is $1,218 per month and $2,173 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 $809 per month.
Approximately 15% of Americans qualify for some level of housing assistance. The population in
Tennessee is around 2,835,576 people. So, there are around 425,336 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 for 2023