Average Rent in Nashville-Davidson--Murfreesboro--Franklin, TN
The Fair Market Rent for a 2-bedroom in Nashville-Davidson--Murfreesboro--Franklin, TN is $1,730 per month, based on HUD data. With a median household income of $82,499, a household would spend 25.2% of income on housing at Fair Market Rent. Rent has increased 6.9% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,507 |
| 1 Bedroom | $1,578 |
| 2 Bedroom | $1,730 |
| 3 Bedroom | $2,211 |
| 4 Bedroom | $2,696 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $82,499 |
| Rent Burden (2BR FMR / Income) | 25.2% |
| Income Needed for 2BR (30% rule) | $69,200/yr |