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TN/Davidson County/Nashville

Nashville, TN

CitySAFMR
Davidson County
Found 36 ZIPs
Zillow

City Median Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$1,320 – $2,260$1,080 – $1,740
1 BR$1,380 – $2,350$1,210 – $2,420
2 BR$1,500 – $2,560$1,510 – $2,820
3 BR$1,930 – $3,290$2,010 – $3,620
4 BR$2,340 – $3,990$2,300 – $4,390
5 BR$3,335Not available
6 BR$3,835Not available
7 BR$4,411Not available
8 BR$5,072Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
7
0.93-1.53
1 BR
5
5
0.74-1.42
2 BR
8
0.56-1.23
3 BR
10
0.55-1.23
4 BR
6
0.59-1.26
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Nashville, TN fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 36 ZIP codes in Nashville, TN ranges from $1,500 to $2,560 a month, with a median of $1,865. That is up 3.9% from $1,795 in FY 2026. Nashville is in the Nashville-Davidson--Murfreesboro--Franklin, 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 Nashville is 78% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Nashville, TN
BedroomsFY 2027Change90–110% range
Studio$1,640+4.8%$1,476–$1,804
1BR$1,710+4.6%$1,539–$1,881
2BR$1,865+3.9%$1,679–$2,052
3BR$2,390+4.1%$2,151–$2,629
4BR$2,900+3.8%$2,610–$3,190

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Nashville, TN
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,640$1,710$1,865$2,390$2,900
FY 2026$1,565$1,635$1,795$2,295$2,795
FY 2025$1,640$1,710$1,890$2,390$2,940
FY 2024$1,430$1,470$1,650$2,070$2,530
FY 2023$1,240$1,270$1,430$1,790$2,210

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
37219$2,560+37.3%
37201$2,340+25.5%
37204$2,300+23.3%
37205$2,260+21.2%
37215$2,240+20.1%
37220$2,230+19.6%
37203$2,140+14.7%
37221$2,130+14.2%
37214$2,050+9.9%
37209$2,030+8.8%
37208$1,940+4.0%
37212$1,890+1.3%
37206$1,870+0.3%
37213$1,870+0.3%
37216$1,870+0.3%
37211$1,860−0.3%
37217$1,860−0.3%
37202$1,840−1.3%
37222$1,840−1.3%
37224$1,840−1.3%
37229$1,840−1.3%
37232$1,840−1.3%
37236$1,840−1.3%
37238$1,840−1.3%

Showing the 24 highest of 30 ZIP codes.

Questions about Nashville, TN rents

How much will Section 8 pay for a two-bedroom in Nashville, TN?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,865, that basic range is $1,679 to $2,052 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 Nashville, TN in?

Nashville, TN is in the Nashville-Davidson--Murfreesboro--Franklin, 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 Nashville, TN for FY 2027?

The two-bedroom FMR rose 3.9%, from $1,795 in FY 2026 to $1,865 in FY 2027. Since FY 2023 it has risen 30.4%.

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

County fair market rentTN statewide rentsWhat is SAFMR?Data sources