Franklin County
FY 2026 HUD Fair Market Rents in Tennessee. Population: 42,980.
Fair Market Rents (2026)
Studio
National avg: $893
$742/mo
↑ 3.3% YoY
-17% vs US
1 Bedroom
National avg: $959
$747/mo
↑ 3.3% YoY
-22% vs US
2 Bedroom
National avg: $1,175
$980/mo
↑ 3.4% YoY
-17% vs US
3 Bedroom
National avg: $1,525
$1,307/mo
↑ 5.1% YoY
-14% vs US
4 Bedroom
National avg: $1,756
$1,622/mo
↑ 7.3% YoY
-8% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $718 | $742 | +$24 (+3.3%) |
| 1 Bedroom | $723 | $747 | +$24 (+3.3%) |
| 2 Bedroom | $948 | $980 | +$32 (+3.4%) |
| 3 Bedroom | $1,244 | $1,307 | +$63 (+5.1%) |
| 4 Bedroom | $1,511 | $1,622 | +$111 (+7.3%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$29,880
$2,490/month gross
Required annual income for 2 BR
$39,200
$3,267/month gross
Other Counties in Tennessee
Scott County
1 BR: $762/mo
Obion County
1 BR: $727/mo
Hawkins County
1 BR: $818/mo
Hamblen County
1 BR: $887/mo
Bledsoe County
1 BR: $743/mo
Montgomery County
1 BR: $1,094/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.