Shelby County, TN

2024 Fair Market Rents

Tags: 2024 Memphis, TN-MS-AR HUD Metro FMR Area

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Return to the state page to see where Tennessee ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Shelby County are Memphis, Cordova, Millington, and Germantown. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Shelby County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Shelby County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Shelby County compare?

Shelby County ($1,298) has a 25.3% higher FMR for 2-Bedroom housing than the average of Tennessee ($1,036) and therefore a higher gross rent.

Shelby County is rank 12th out of 95 counties. This means the FMRs, or in other words, the gross rent is higher than 83 other counties. Shelby County is the 12th most expensive county in terms of FMRs.

Rent Tables Shelby County, TN

Fair Market Rent (40th Percentile)

$1,031
studio
$1,146
1-Bedroom
$1,298
2-Bedroom
$1,711
3-Bedroom
$1,995
4-Bedroom

Median Rent (50th Percentile)

$1,108
studio
$1,232
1-Bedroom
$1,395
2-Bedroom
$1,839
3-Bedroom
$2,144
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
38004 $1,250 $1,390 $1,580 $2,080 $2,430
38011 $990 $1,100 $1,250 $1,650 $1,920
38016 $1,330 $1,470 $1,670 $2,200 $2,570
38018 $1,410 $1,560 $1,770 $2,330 $2,720
38027 $1,030 $1,150 $1,300 $1,710 $2,000
38029 $1,460 $1,630 $1,840 $2,420 $2,830
38053 $1,050 $1,170 $1,320 $1,740 $2,030
38054 $1,080 $1,230 $1,400 $1,850 $2,150
38055 $1,030 $1,150 $1,300 $1,710 $2,000
38083 $1,030 $1,150 $1,300 $1,710 $2,000
38088 $1,030 $1,150 $1,300 $1,710 $2,000
38101 $1,030 $1,150 $1,300 $1,710 $2,000
38103 $1,550 $1,720 $1,950 $2,570 $3,000
38104 $1,110 $1,240 $1,400 $1,850 $2,150
38105 $880 $980 $1,110 $1,460 $1,710
38106 $880 $980 $1,110 $1,460 $1,710
38107 $880 $980 $1,110 $1,460 $1,710
38108 $810 $900 $1,020 $1,340 $1,570
38109 $840 $940 $1,060 $1,400 $1,630
38111 $960 $1,070 $1,210 $1,600 $1,860
38112 $910 $1,010 $1,140 $1,500 $1,750
38113 $1,030 $1,150 $1,300 $1,710 $2,000
38114 $870 $960 $1,090 $1,440 $1,680
38115 $1,060 $1,170 $1,330 $1,750 $2,040
38116 $960 $1,070 $1,210 $1,600 $1,860
38117 $1,200 $1,330 $1,510 $1,990 $2,320
38118 $930 $1,030 $1,170 $1,540 $1,800
38119 $1,170 $1,300 $1,470 $1,940 $2,260
38120 $1,250 $1,390 $1,570 $2,070 $2,410
38122 $1,010 $1,120 $1,270 $1,670 $1,950
38124 $1,030 $1,150 $1,300 $1,710 $2,000
38125 $1,270 $1,410 $1,600 $2,110 $2,460
38126 $720 $820 $930 $1,230 $1,430
38127 $920 $1,020 $1,160 $1,530 $1,780
38128 $1,030 $1,150 $1,300 $1,710 $2,000
38130 $1,030 $1,150 $1,300 $1,710 $2,000
38131 $1,030 $1,150 $1,300 $1,710 $2,000
38132 $920 $1,020 $1,160 $1,530 $1,780
38133 $1,300 $1,450 $1,640 $2,160 $2,520
38134 $1,050 $1,170 $1,320 $1,740 $2,030
38135 $1,450 $1,610 $1,820 $2,400 $2,800
38137 $1,030 $1,150 $1,300 $1,710 $2,000
38138 $1,440 $1,600 $1,810 $2,390 $2,780
38139 $1,550 $1,720 $1,950 $2,570 $3,000
38141 $1,260 $1,400 $1,590 $2,100 $2,440
38152 $970 $1,090 $1,230 $1,620 $1,890
38157 $1,030 $1,150 $1,300 $1,710 $2,000
38166 $1,030 $1,150 $1,300 $1,710 $2,000
38167 $1,030 $1,150 $1,300 $1,710 $2,000
38168 $1,030 $1,150 $1,300 $1,710 $2,000
38173 $1,030 $1,150 $1,300 $1,710 $2,000
38174 $1,030 $1,150 $1,300 $1,710 $2,000
38175 $1,030 $1,150 $1,300 $1,710 $2,000
38177 $1,030 $1,150 $1,300 $1,710 $2,000
38181 $1,030 $1,150 $1,300 $1,710 $2,000
38182 $1,030 $1,150 $1,300 $1,710 $2,000
38183 $1,030 $1,150 $1,300 $1,710 $2,000
38184 $1,030 $1,150 $1,300 $1,710 $2,000
38186 $1,030 $1,150 $1,300 $1,710 $2,000
38187 $1,030 $1,150 $1,300 $1,710 $2,000
38188 $1,030 $1,150 $1,300 $1,710 $2,000
38190 $1,030 $1,150 $1,300 $1,710 $2,000
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
38004 $1,125 $1,251 $1,422 $1,872 $2,187
38011 $891 $990 $1,125 $1,485 $1,728
38016 $1,197 $1,323 $1,503 $1,980 $2,313
38018 $1,269 $1,404 $1,593 $2,097 $2,448
38027 $927 $1,035 $1,170 $1,539 $1,800
38029 $1,314 $1,467 $1,656 $2,178 $2,547
38053 $945 $1,053 $1,188 $1,566 $1,827
38054 $972 $1,107 $1,260 $1,665 $1,935
38055 $927 $1,035 $1,170 $1,539 $1,800
38083 $927 $1,035 $1,170 $1,539 $1,800
38088 $927 $1,035 $1,170 $1,539 $1,800
38101 $927 $1,035 $1,170 $1,539 $1,800
38103 $1,395 $1,548 $1,755 $2,313 $2,700
38104 $999 $1,116 $1,260 $1,665 $1,935
38105 $792 $882 $999 $1,314 $1,539
38106 $792 $882 $999 $1,314 $1,539
38107 $792 $882 $999 $1,314 $1,539
38108 $729 $810 $918 $1,206 $1,413
38109 $756 $846 $954 $1,260 $1,467
38111 $864 $963 $1,089 $1,440 $1,674
38112 $819 $909 $1,026 $1,350 $1,575
38113 $927 $1,035 $1,170 $1,539 $1,800
38114 $783 $864 $981 $1,296 $1,512
38115 $954 $1,053 $1,197 $1,575 $1,836
38116 $864 $963 $1,089 $1,440 $1,674
38117 $1,080 $1,197 $1,359 $1,791 $2,088
38118 $837 $927 $1,053 $1,386 $1,620
38119 $1,053 $1,170 $1,323 $1,746 $2,034
38120 $1,125 $1,251 $1,413 $1,863 $2,169
38122 $909 $1,008 $1,143 $1,503 $1,755
38124 $927 $1,035 $1,170 $1,539 $1,800
38125 $1,143 $1,269 $1,440 $1,899 $2,214
38126 $648 $738 $837 $1,107 $1,287
38127 $828 $918 $1,044 $1,377 $1,602
38128 $927 $1,035 $1,170 $1,539 $1,800
38130 $927 $1,035 $1,170 $1,539 $1,800
38131 $927 $1,035 $1,170 $1,539 $1,800
38132 $828 $918 $1,044 $1,377 $1,602
38133 $1,170 $1,305 $1,476 $1,944 $2,268
38134 $945 $1,053 $1,188 $1,566 $1,827
38135 $1,305 $1,449 $1,638 $2,160 $2,520
38137 $927 $1,035 $1,170 $1,539 $1,800
38138 $1,296 $1,440 $1,629 $2,151 $2,502
38139 $1,395 $1,548 $1,755 $2,313 $2,700
38141 $1,134 $1,260 $1,431 $1,890 $2,196
38152 $873 $981 $1,107 $1,458 $1,701
38157 $927 $1,035 $1,170 $1,539 $1,800
38166 $927 $1,035 $1,170 $1,539 $1,800
38167 $927 $1,035 $1,170 $1,539 $1,800
38168 $927 $1,035 $1,170 $1,539 $1,800
38173 $927 $1,035 $1,170 $1,539 $1,800
38174 $927 $1,035 $1,170 $1,539 $1,800
38175 $927 $1,035 $1,170 $1,539 $1,800
38177 $927 $1,035 $1,170 $1,539 $1,800
38181 $927 $1,035 $1,170 $1,539 $1,800
38182 $927 $1,035 $1,170 $1,539 $1,800
38183 $927 $1,035 $1,170 $1,539 $1,800
38184 $927 $1,035 $1,170 $1,539 $1,800
38186 $927 $1,035 $1,170 $1,539 $1,800
38187 $927 $1,035 $1,170 $1,539 $1,800
38188 $927 $1,035 $1,170 $1,539 $1,800
38190 $927 $1,035 $1,170 $1,539 $1,800
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
38004 $1,375 $1,529 $1,738 $2,288 $2,673
38011 $1,089 $1,210 $1,375 $1,815 $2,112
38016 $1,463 $1,617 $1,837 $2,420 $2,827
38018 $1,551 $1,716 $1,947 $2,563 $2,992
38027 $1,133 $1,265 $1,430 $1,881 $2,200
38029 $1,606 $1,793 $2,024 $2,662 $3,113
38053 $1,155 $1,287 $1,452 $1,914 $2,233
38054 $1,188 $1,353 $1,540 $2,035 $2,365
38055 $1,133 $1,265 $1,430 $1,881 $2,200
38083 $1,133 $1,265 $1,430 $1,881 $2,200
38088 $1,133 $1,265 $1,430 $1,881 $2,200
38101 $1,133 $1,265 $1,430 $1,881 $2,200
38103 $1,705 $1,892 $2,145 $2,827 $3,300
38104 $1,221 $1,364 $1,540 $2,035 $2,365
38105 $968 $1,078 $1,221 $1,606 $1,881
38106 $968 $1,078 $1,221 $1,606 $1,881
38107 $968 $1,078 $1,221 $1,606 $1,881
38108 $891 $990 $1,122 $1,474 $1,727
38109 $924 $1,034 $1,166 $1,540 $1,793
38111 $1,056 $1,177 $1,331 $1,760 $2,046
38112 $1,001 $1,111 $1,254 $1,650 $1,925
38113 $1,133 $1,265 $1,430 $1,881 $2,200
38114 $957 $1,056 $1,199 $1,584 $1,848
38115 $1,166 $1,287 $1,463 $1,925 $2,244
38116 $1,056 $1,177 $1,331 $1,760 $2,046
38117 $1,320 $1,463 $1,661 $2,189 $2,552
38118 $1,023 $1,133 $1,287 $1,694 $1,980
38119 $1,287 $1,430 $1,617 $2,134 $2,486
38120 $1,375 $1,529 $1,727 $2,277 $2,651
38122 $1,111 $1,232 $1,397 $1,837 $2,145
38124 $1,133 $1,265 $1,430 $1,881 $2,200
38125 $1,397 $1,551 $1,760 $2,321 $2,706
38126 $792 $902 $1,023 $1,353 $1,573
38127 $1,012 $1,122 $1,276 $1,683 $1,958
38128 $1,133 $1,265 $1,430 $1,881 $2,200
38130 $1,133 $1,265 $1,430 $1,881 $2,200
38131 $1,133 $1,265 $1,430 $1,881 $2,200
38132 $1,012 $1,122 $1,276 $1,683 $1,958
38133 $1,430 $1,595 $1,804 $2,376 $2,772
38134 $1,155 $1,287 $1,452 $1,914 $2,233
38135 $1,595 $1,771 $2,002 $2,640 $3,080
38137 $1,133 $1,265 $1,430 $1,881 $2,200
38138 $1,584 $1,760 $1,991 $2,629 $3,058
38139 $1,705 $1,892 $2,145 $2,827 $3,300
38141 $1,386 $1,540 $1,749 $2,310 $2,684
38152 $1,067 $1,199 $1,353 $1,782 $2,079
38157 $1,133 $1,265 $1,430 $1,881 $2,200
38166 $1,133 $1,265 $1,430 $1,881 $2,200
38167 $1,133 $1,265 $1,430 $1,881 $2,200
38168 $1,133 $1,265 $1,430 $1,881 $2,200
38173 $1,133 $1,265 $1,430 $1,881 $2,200
38174 $1,133 $1,265 $1,430 $1,881 $2,200
38175 $1,133 $1,265 $1,430 $1,881 $2,200
38177 $1,133 $1,265 $1,430 $1,881 $2,200
38181 $1,133 $1,265 $1,430 $1,881 $2,200
38182 $1,133 $1,265 $1,430 $1,881 $2,200
38183 $1,133 $1,265 $1,430 $1,881 $2,200
38184 $1,133 $1,265 $1,430 $1,881 $2,200
38186 $1,133 $1,265 $1,430 $1,881 $2,200
38187 $1,133 $1,265 $1,430 $1,881 $2,200
38188 $1,133 $1,265 $1,430 $1,881 $2,200
38190 $1,133 $1,265 $1,430 $1,881 $2,200

Fair Market Rents on this page apply to the following cities in Shelby County, Tennessee: Memphis, Cordova, Millington, Germantown, Atoka, Brighton, Collierville, Brunswick, and Ellendale.

These Fair Market Rents also apply to the following ZIP codes in Shelby County, Tennessee: 38109, 38016, 38127, 38116, 38118, 38128, 38115, 38125, 38111, 38134, 38018, 38135, 38117, 38053, 38138, 38114, 38106, 38141, 38119, and 38122.

Shelby County, TN is considered part of the following metro FMR area: MEMPHIS, TN-MS-AR HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Fayette County, TN, and Tipton County, TN.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.