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Tennessee Fair Market Rents

2023 Fair Market Rents

2023 FMRs in Tennessee by county. Click on the map below to view FMRs for a particular county.

Tennessee Map

Minimum FMR
Maximum FMR

FMRs vary across Tennessee based on County and ZIP code as well as number of bedrooms. The average FMR for a two-bedroom apartment in Tennessee is $894.

The highest average FMR for a two-bedroom apartment in the United States is $1,951 in Hawaii. The lowest for a two-bedroom apartment is $519 in Puerto Rico.

FMRs in Tennessee are based on the price of monthly rent plus the cost of essential utilities. FMRs vary by county or ZIP Code. Generally areas with a lower population density have a lower gross rent (lower FMRs) but there are exceptions.

View the Fair Market Rents Overview for detailed information on how FMRs are calculated. Click on a specific county on the map or from the table below for detailed FMR information including Small Area FMRs.

How does Tennessee compare?

The highest FMR for a two-bedroom apartment in Tennessee is $1,406 in Davidson County, Wilson County, and 8 others. The lowest FMR for a two-bedroom apartment is $747 in Jackson County.

Tennessee ($894) has a 18.4% lower FMR for 2-Bedroom housing than the average of the US ($1,096) and therefore has a lower gross rent.

Tennessee is rank 38th out of 56 States and territories. This means the FMRs, or in other words, the gross rent is lower than 37 other States and territories. Tennessee is the 19th cheapest State or territory in terms of FMRs.

Average FMRs for Tennessee

38th
Rank
$703
Studio
$732
1-person
$894
2-person
$1,164
3-person
$1,337
4-person
Counties in Tennessee (95)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Davidson County 1st $1,218 $1,245 $1,406 $1,758 $2,173
Wilson County 1st $1,218 $1,245 $1,406 $1,758 $2,173
Williamson County 1st $1,218 $1,245 $1,406 $1,758 $2,173
Sumner County 1st $1,218 $1,245 $1,406 $1,758 $2,173
Rutherford County 1st $1,218 $1,245 $1,406 $1,758 $2,173
Trousdale County 1st $1,218 $1,245 $1,406 $1,758 $2,173
Cannon County 1st $1,218 $1,245 $1,406 $1,758 $2,173
Dickson County 1st $1,218 $1,245 $1,406 $1,758 $2,173
Robertson County 1st $1,218 $1,245 $1,406 $1,758 $2,173
Cheatham County 1st $1,218 $1,245 $1,406 $1,758 $2,173
Anderson County 11th $887 $952 $1,156 $1,507 $1,773
Union County 11th $887 $952 $1,156 $1,507 $1,773
Loudon County 11th $887 $952 $1,156 $1,507 $1,773
Knox County 11th $887 $952 $1,156 $1,507 $1,773
Blount County 11th $887 $952 $1,156 $1,507 $1,773
Marion County 16th $910 $919 $1,067 $1,372 $1,619
Sequatchie County 16th $910 $919 $1,067 $1,372 $1,619
Hamilton County 16th $910 $919 $1,067 $1,372 $1,619
Maury County 19th $832 $837 $1,102 $1,469 $1,555
Shelby County 20th $800 $902 $1,032 $1,365 $1,584
Tipton County 20th $800 $902 $1,032 $1,365 $1,584
Fayette County 20th $800 $902 $1,032 $1,365 $1,584
Montgomery County 23rd $699 $758 $985 $1,389 $1,678
Roane County 24th $714 $771 $933 $1,212 $1,589
Sevier County 25th $726 $783 $945 $1,205 $1,269
Polk County 26th $661 $707 $931 $1,221 $1,319
Bradley County 26th $661 $707 $931 $1,221 $1,319
Chester County 28th $627 $712 $937 $1,269 $1,274
Madison County 28th $627 $712 $937 $1,269 $1,274
Unicoi County 30th $700 $724 $875 $1,107 $1,299
Carter County 30th $700 $724 $875 $1,107 $1,299
Washington County 30th $700 $724 $875 $1,107 $1,299
Bedford County 33rd $732 $737 $907 $1,104 $1,218
Putnam County 34th $637 $641 $844 $1,154 $1,321
Jefferson County 35th $632 $636 $828 $1,132 $1,298
Hamblen County 35th $632 $636 $828 $1,132 $1,298
Marshall County 37th $658 $662 $872 $1,132 $1,171
McMinn County 38th $668 $716 $839 $1,123 $1,127
Coffee County 39th $600 $604 $790 $1,057 $1,327
Macon County 40th $623 $628 $826 $1,036 $1,260
Campbell County 41st $566 $643 $847 $1,138 $1,160
Hickman County 42nd $609 $661 $747 $1,062 $1,272
Crockett County 43rd $592 $605 $796 $999 $1,347
Lincoln County 44th $609 $661 $747 $1,062 $1,258
Humphreys County 45th $609 $661 $747 $1,040 $1,248
Giles County 46th $631 $684 $773 $968 $1,248
Cumberland County 47th $616 $620 $762 $1,083 $1,190
Greene County 48th $578 $661 $747 $1,062 $1,201
Morgan County 49th $605 $609 $801 $1,112 $1,116
Stewart County 50th $542 $604 $768 $1,007 $1,308
Gibson County 51st $556 $605 $747 $1,041 $1,272
Sullivan County 52nd $583 $627 $793 $1,041 $1,170
Hawkins County 52nd $583 $627 $793 $1,041 $1,170
Bledsoe County 54th $564 $567 $747 $1,062 $1,272
Franklin County 55th $623 $629 $764 $1,020 $1,158
White County 56th $623 $627 $825 $1,004 $1,108
Dyer County 57th $582 $586 $759 $1,079 $1,167
Clay County 58th $589 $593 $747 $1,062 $1,168
Smith County 59th $546 $614 $808 $1,051 $1,121
Scott County 60th $609 $623 $747 $1,062 $1,067
Hancock County 61st $574 $578 $747 $909 $1,272
Lewis County 62nd $564 $567 $747 $909 $1,272
Pickett County 63rd $614 $618 $779 $948 $1,096
McNairy County 64th $590 $594 $747 $1,006 $1,111
Lauderdale County 64th $564 $567 $747 $974 $1,196
Benton County 66th $597 $601 $747 $909 $1,191
Moore County 67th $603 $607 $765 $992 $1,076
Van Buren County 68th $609 $610 $747 $1,015 $1,051
Meigs County 69th $589 $593 $747 $1,047 $1,051
Warren County 70th $589 $593 $780 $956 $1,105
Overton County 71st $609 $661 $747 $1,000 $1,003
Lake County 72nd $609 $617 $747 $956 $1,086
Haywood County 73rd $561 $567 $747 $987 $1,152
Henderson County 74th $609 $661 $747 $986 $1,003
Claiborne County 75th $609 $661 $747 $983 $1,003
Wayne County 76th $609 $620 $747 $970 $1,051
Lawrence County 76th $582 $586 $771 $974 $1,084
Cocke County 78th $564 $567 $747 $1,052 $1,060
Carroll County 79th $609 $661 $747 $967 $1,003
Houston County 80th $619 $623 $770 $937 $1,034
Weakley County 81st $609 $621 $747 $909 $1,091
Johnson County 81st $609 $661 $747 $909 $1,051
Rhea County 83rd $564 $567 $747 $1,019 $1,079
Perry County 84th $573 $577 $759 $963 $1,067
Grundy County 85th $597 $601 $747 $938 $1,051
DeKalb County 86th $565 $569 $749 $968 $1,078
Hardeman County 87th $564 $567 $747 $1,016 $1,025
Grainger County 88th $568 $572 $753 $1,008 $1,012
Fentress County 89th $564 $567 $747 $920 $1,112
Decatur County 90th $564 $567 $747 $952 $1,051
Hardin County 90th $564 $567 $747 $1,000 $1,003
Henry County 92nd $576 $580 $763 $929 $1,025
Obion County 93rd $543 $622 $747 $943 $1,003
Monroe County 94th $499 $600 $747 $991 $1,003
Jackson County 95th $564 $567 $747 $909 $1,003

More on Tennessee

Want to learn more about Tennessee? See Loan Limits in Tennessee to view maximum loan amounts or click here to find a Public Housing Authority in Tennessee who can help with finding affordable housing near you.

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Data Source

HUD Seal

Fair Market Rents are estimated by the HUD.


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