FMR is below market; voucher rent may lag private rents.
0.63
1 BR
1 BR- 37860
0.64ratio
FMR$800
Market$1,250
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.64
2 BR
2 BR- 37860
0.65ratio
FMR$1,030
Market$1,590
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.65
3 BR
3 BR- 37860
0.70ratio
FMR$1,300
Market$1,860
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.70
4 BR
4 BR- 37860
0.78ratio
FMR$1,650
Market$2,120
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.78
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
--
Russellville, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Russellville, TN is $1,030 a month. That is up 6.2% from $970 in FY 2026. Russellville is in the Morristown, TN HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,153. The median county two-bedroom FMR in Tennessee is $1,048, so Russellville is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Russellville, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$740
$800
+8.1%
$720–$880
1BR
$750
$800
+6.7%
$720–$880
2BR
$970
$1,030
+6.2%
$927–$1,133
3BR
$1,270
$1,300
+2.4%
$1,170–$1,430
4BR
$1,580
$1,650
+4.4%
$1,485–$1,815
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Russellville, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$800
$800
$1,030
$1,300
$1,650
FY 2026
$740
$750
$970
$1,270
$1,580
FY 2025
$710
$720
$930
$1,240
$1,490
FY 2024
$660
$670
$860
$1,160
$1,390
FY 2023
$570
$570
$750
$1,020
$1,170
Questions about Russellville, TN rents
How much will Section 8 pay for a two-bedroom in Russellville, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,153, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,038 to $1,268 a month; under the ZIP-level Small Area FMR of $1,030 it would be $927 to $1,133. 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 Russellville, TN in?
Russellville, TN is in the Morristown, TN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,153.
How much did fair market rent change in Russellville, TN for FY 2027?
The two-bedroom FMR rose 6.2%, from $970 in FY 2026 to $1,030 in FY 2027. Since FY 2023 it has risen 37.3%.
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