What is the Fair Market Rent for a 2-bedroom in Knoxville, TN HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Knoxville, TN HUD Metro FMR Area is $1,471 per month for fiscal year 2026. The studio FMR is $1,177, 1-bedroom is $1,184, 3-bedroom is $1,864, and 4-bedroom is $2,172.

What income do you need to afford the FMR in Knoxville, TN HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $58,840 per year ($4,903 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,471 in Knoxville, TN HUD Metro FMR Area.

FY2026 Fair Market Rents — Knoxville, TN HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$1,177

1BR

$1,184

2BR

$1,471

3BR

$1,864

4BR

$2,172

Hours/week at min wage

157 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

YoY change (2BR)

-5%

$77 vs FY2025 · 5-yr +64.2%

Voucher payment standard

$1,324–$1,618

PHAs set HCV payment at 90–110% of the 2BR FMR

Knoxville, TN HUD Metro FMR Area

Non-Metropolitan area · TN · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,177	$14,124
1-Bedroom	$1,184	$14,208
2-Bedroom	$1,471	$17,652
3-Bedroom	$1,864	$22,368
4-Bedroom	$2,172	$26,064

Recent 2-Bedroom FMR Trend

FY2020 $915 → FY2026 $1,471

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,177	$1,184	$1,471	$1,864	$2,172
FY2025	$1,256	$1,264	$1,548	$1,989	$2,335
FY2024	$985	$1,000	$1,221	$1,578	$1,833
FY2023	$887	$952	$1,156	$1,507	$1,773
FY2022	$717	$800	$980	$1,287	$1,512
FY2021	$624	$729	$896	$1,182	$1,421
FY2020	$624	$742	$915	$1,198	$1,476

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $103,700

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$21,800	$24,900	$28,000	$33,000	$38,680	$44,360
50% AMI (Very Low)	$36,300	$41,500	$46,700	$51,850	$56,000	$60,150
80% AMI (Low)	$58,100	$66,400	$74,700	$82,950	$89,600	$96,250

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$17,652/yr

FMR as % of Area Median Income

17% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$58,840/yr

$4,903/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$907	$1,037	$1,166	$1,399	$1,503
60% AMI Maximum	$1,088	$1,244	$1,399	$1,679	$1,804

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$1,177	$1,184	$1,471	$1,685	$1,685
Low HOME Rent	$907	$1,037	$1,167	$1,296	$1,400

Small Area FMRs by ZIP Code

This metro publishes ZIP-level Small Area Fair Market Rents. Metro-wide 2BR FMR: $1,471. About SAFMRs →

Highest-cost ZIPs (2BR SAFMR)

37934	$2,210
37922	$2,090
37932	$1,910
37902	$1,840
37931	$1,840

Lowest-cost ZIPs (2BR SAFMR)

37769	$990
37825	$990
37870	$990
37874	$990
37866	$1,020

All 73 ZIP codes in this area

37701 37705 37709 37710 37716 37717 37721 37737 37742 37754 37764 37769 37771 37772 37774 37777 37779 37801 37802 37803 37804 37806 37807 37825 37828 37830 37831 37840 37846 37848 37849 37853 37865 37866 37870 37871 37874 37878 37882 37885 37886 37888 37901 37902 37909 37912 37914 37915 37916 37917 37918 37919 37920 37921 37922 37923 37924 37927 37928 37929 37930 37931 37932 37933 37934 37938 37939 37940 37950 37995 37996 37997 37998

Compare Knoxville, TN HUD Metro FMR Area With Other TN Metros

vs. Campbell County, TN HUD Metro FMR Area vs. Cleveland, TN MSA vs. Crockett County, TN HUD Metro FMR Area vs. Gibson County, TN HUD Metro FMR Area vs. Grainger County, TN HUD Metro FMR Area