Morristown, TN HUD Metro FMR Area
FY 2026 HUD Fair Market Rents for the Morristown, TN HUD Metro FMR Area metro area. Population: 119,548.
Fair Market Rents (2026)
Studio
National avg: $893
$881/mo
↑ 29.4% YoY
-1% vs US
1 Bedroom
National avg: $959
$887/mo
↑ 29.5% YoY
-8% vs US
2 Bedroom
National avg: $1,175
$1,135/mo
↑ 26.3% YoY
-3% vs US
3 Bedroom
National avg: $1,525
$1,444/mo
↑ 21.7% YoY
-5% vs US
4 Bedroom
National avg: $1,756
$1,827/mo
↑ 53.3% YoY
+4% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $681 | $881 | +$200 (+29.4%) |
| 1 Bedroom | $685 | $887 | +$202 (+29.5%) |
| 2 Bedroom | $899 | $1,135 | +$236 (+26.3%) |
| 3 Bedroom | $1,187 | $1,444 | +$257 (+21.7%) |
| 4 Bedroom | $1,192 | $1,827 | +$635 (+53.3%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$35,480
$2,957/month gross
Required annual income for 2 BR
$45,400
$3,783/month gross
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.