FMR is below market; voucher rent may lag private rents.
0.47
1 BR
1 BR- 37777
0.49ratio
FMR$820
Market$1,690
vs market-$870
FMR is below market; voucher rent may lag private rents.
0.49
2 BR
2 BR- 37777
0.53ratio
FMR$1,030
Market$1,960
vs market-$930
FMR is below market; voucher rent may lag private rents.
0.53
3 BR
3 BR- 37777
0.57ratio
FMR$1,290
Market$2,280
vs market-$990
FMR is below market; voucher rent may lag private rents.
0.57
4 BR
4 BR- 37777
0.56ratio
FMR$1,480
Market$2,620
vs market-$1,140
FMR is below market; voucher rent may lag private rents.
0.56
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Louisville, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Louisville, TN is $1,030 a month. That is down 4.6% from $1,080 in FY 2026. Louisville is in the Knoxville, TN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Tennessee is $1,048, so Louisville is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Louisville, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$820
−6.8%
$738–$902
1BR
$880
$820
−6.8%
$738–$902
2BR
$1,080
$1,030
−4.6%
$927–$1,133
3BR
$1,380
$1,290
−6.5%
$1,161–$1,419
4BR
$1,620
$1,480
−8.6%
$1,332–$1,628
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Louisville, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$820
$820
$1,030
$1,290
$1,480
FY 2026
$880
$880
$1,080
$1,380
$1,620
FY 2025
$970
$970
$1,190
$1,530
$1,800
FY 2024
$800
$860
$1,050
$1,360
$1,600
FY 2023
$710
$760
$920
$1,200
$1,410
Questions about Louisville, TN rents
How much will Section 8 pay for a two-bedroom in Louisville, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,030, that basic range is $927 to $1,133 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Louisville, TN in?
Louisville, TN is in the Knoxville, TN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Louisville, TN for FY 2027?
The two-bedroom FMR fell 4.6%, from $1,080 in FY 2026 to $1,030 in FY 2027. Since FY 2023 it has risen 12.0%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set