For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37133 (Murfreesboro, TN) is $1,730 a month. That is up 4.2% from $1,660 in FY 2026. Murfreesboro 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. Among 25 ZIP codes in Rutherford County, 37133 is tied for the 9th-highest two-bedroom rent (county range $1,190–$2,700). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37133 is 65% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 37133
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,450
$1,530
+5.5%
$1,377–$1,683
1BR
$1,510
$1,590
+5.3%
$1,431–$1,749
2BR
$1,660
$1,730
+4.2%
$1,557–$1,903
3BR
$2,120
$2,220
+4.7%
$1,998–$2,442
4BR
$2,590
$2,690
+3.9%
$2,421–$2,959
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 37133
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,530
$1,590
$1,730
$2,220
$2,690
FY 2026
$1,450
$1,510
$1,660
$2,120
$2,590
FY 2025
$1,520
$1,580
$1,750
$2,210
$2,720
FY 2024
$1,350
$1,390
$1,560
$1,960
$2,390
FY 2023
$1,170
$1,200
$1,350
$1,690
$2,090
Two-bedroom rent in nearby Rutherford County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 37133?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,730, that basic range is $1,557 to $1,903 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 ZIP 37133 in?
ZIP 37133 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 ZIP 37133 for FY 2027?
The two-bedroom FMR rose 4.2%, from $1,660 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 28.1%.
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