FY2026 Fair Market Rents — Monroe County
Studio
$684
1BR
$764
2BR
$925
3BR
$1,220
4BR
$1,225
Monroe County, Tennessee
FIPS 47123 · County-level FMR and income limit data
FMR Area: Monroe County, TN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $684 | $8,208 |
| 1-Bedroom | $764 | $9,168 |
| 2-Bedroom | $925 | $11,100 |
| 3-Bedroom | $1,220 | $14,640 |
| 4-Bedroom | $1,225 | $14,700 |
To afford the FY2026 2-bedroom FMR of $925/mo under the 30%-of-income rule, a household needs about
$37,000/yr ($3,083/mo). Area Median Income is $79,900.
At TN's federal minimum wage of $7.25/hr, a worker would need to work 99 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $684 | $764 | $925 | $1,220 | $1,225 |
| FY2025 | $661 | $736 | $899 | $1,251 | $1,285 |
| FY2024 | $584 | $685 | $861 | $1,153 | $1,176 |
| FY2023 | $499 | $600 | $747 | $991 | $1,003 |
| FY2022 | $453 | $556 | $682 | $907 | $925 |
| FY2021 | $437 | $568 | $663 | $896 | $899 |
| FY2020 | $423 | $565 | $649 | $936 | $977 |
FY2026 Income Limits
Area Median Income: $79,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,800 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $28,000 | $32,000 | $36,000 | $39,950 | $43,150 | $46,350 |
| 80% AMI | $44,750 | $51,150 | $57,550 | $63,900 | $69,050 | $74,150 |