What is the Fair Market Rent in Chattanooga, TN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,070 to $1,690 a month across the 8 ZIP codes that cover Chattanooga.

By ZIP code: 37351 $1,410, 37402 $1,460, 37403 $1,620, 37406 $1,160, 37407 $1,130, 37408 $1,690, 37410 $1,070, 37450 $1,440.

Across the whole Chattanooga, TN-GA MSA the two-bedroom figure is $1,340.

The Census Bureau’s median gross rent for a two-bedroom home in Chattanooga is $1,240 (±$48), below the Small Area figure for ZIP 37351.

Figures last updated on .

2 bedrooms, whole area
$1,340
2 bedrooms, ZIP 37351
$1,410
2 bedrooms, ZIP 37402
$1,460
2 bedrooms, ZIP 37403
$1,620

Fair Market Rents for Chattanooga, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Chattanooga, TN-GA MSA (whole area)$1,181$1,231$1,340$1,657$1,761—
ZIP 37351$1,240$1,300$1,410$1,750$1,850$1,205
ZIP 37402$1,290$1,340$1,460$1,810$1,920$615
ZIP 37403$1,430$1,490$1,620$2,000$2,130$1,443
ZIP 37406$1,020$1,070$1,160$1,430$1,520$982
ZIP 37407$1,000$1,040$1,130$1,400$1,490$942
ZIP 37408$1,490$1,550$1,690$2,090$2,220$1,414
ZIP 37410$940$980$1,070$1,320$1,410$855
ZIP 37450$1,270$1,320$1,440$1,780$1,890—

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

What you can do on Seayora in Chattanooga

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Chattanooga beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Chattanooga, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Chattanooga, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Chattanooga

What is the Section 8 payment standard in Chattanooga?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Chattanooga, TN-GA MSA is $1,340, and the Small Area figure for 37351 is $1,410.

What is the Fair Market Rent for a two-bedroom in ZIP 37351?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 37351 is $1,410 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,205 (±$533).

What is the Fair Market Rent for a two-bedroom in ZIP 37402?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 37402 is $1,460 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $615 (±$120).

What is the Fair Market Rent for a two-bedroom in ZIP 37403?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 37403 is $1,620 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,443 (±$283).

What is the Fair Market Rent for a one-bedroom in Chattanooga?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 37351 is $1,300 a month, against $1,231 across the Chattanooga, TN-GA MSA.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

Related