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HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027

Fair Market Rent in Davidson County, Tennessee (FY 2027)

HUD's FY 2027 Fair Market Rent for a two-bedroom in Davidson County is $1,798 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.

Two-bedroom FMR

$1,798

+3.9% from FY 2026

Payment standard

$1,618–$1,978

90% to 110% of the FMR, two-bedroom

Income to afford

$71,920

a year, with rent at 30% of income

Rank in Tennessee

3rd of 95

by two-bedroom FMR, highest first

FY 2027 Fair Market Rents

Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.

BedroomsFMRPayment standardIncome neededHourly wagevs FY 2026
Studio$1,585$1,427–$1,744$63,400$30.48/hr+5.2%
1 bedroom$1,650$1,485–$1,815$66,000$31.73/hr+4.6%
2 bedroom$1,798$1,618–$1,978$71,920$34.58/hr+3.9%
3 bedroom$2,309$2,078–$2,540$92,360$44.40/hr+4.4%
4 bedroom$2,799$2,519–$3,079$111,960$53.83/hr+3.8%
Five to eight bedrooms (PropMetrics estimates)

HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.

BedroomsEstimated FMRPayment standard
5 bedroom Estimate$3,219$2,897–$3,541
6 bedroom Estimate$3,639$3,275–$4,003
7 bedroom Estimate$4,059$3,653–$4,465
8 bedroom Estimate$4,478$4,030–$4,926

Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov

Market check

Two-bedrooms in Nashville are asking $1,797. HUD says $1,798.

The two are within a couple percent of each other. Median asking rent across 17 Nashville ZIP codes with active 2BR listings. FMR includes utilities and asking rents usually don't, so the true gap is a little smaller.

No card needed

What a voucher pays here

The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Davidson somewhere between $1,618 and $1,978. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.

$1,798 a month is affordable, by HUD's 30% rule, on an income of roughly $71,920 a year. Put another way, $35 an hour full time.

Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.

Monthly household incomeTenant pays (30%)Voucher pays at 90%$1,618Voucher pays at 100%$1,798Voucher pays at 110%$1,978
$2,500$750$868$1,048$1,228
$4,000$1,200$418$598$778
Run your own numbers in the Section 8 rent calculator

Rate history

The two-bedroom rate went up 4% from FY 2026 ($1,730) to FY 2027 ($1,798). Since FY 2020 it's up 58% in total, about 6.8% a year. The Tennessee median moved up 7% over the same year.

Fiscal yearStudio1 BR2 BR3 BR4 BR2BR change
FY 2020$898$957$1,136$1,484$1,822—
FY 2021$998$1,031$1,197$1,539$1,930+5.4%
FY 2022$1,079$1,100$1,253$1,587$1,975+4.7%
FY 2023$1,218$1,245$1,406$1,758$2,173+12.2%
FY 2024$1,404$1,442$1,619$2,035$2,482+15.1%
FY 2025$1,589$1,650$1,827$2,308$2,840+12.8%
FY 2026$1,507$1,578$1,730$2,211$2,696-5.3%
FY 2027In effect$1,585$1,650$1,798$2,309$2,799+3.9%

Get FY 2028 Davidson County rates the day HUD publishes them

HUD updates Fair Market Rents every fall. One email a year, no newsletter.

About this rate

Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Davidson, that runs from $1,585 for a studio up to $2,799 for four bedrooms, all five rates in the table above.

This is a metro rate. The county doesn't get one of its own. HUD lumps Davidson in with 9 other counties in the Nashville-Davidson--Murfreesboro--Franklin metro, Rutherford County, Williamson County, Sumner County among them, and every one of them gets $1,798 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.

Among Tennessee's 95 counties, Davidson ranks 3rd for two-bedroom FMR. That's about 72% above the state median of $1,048 and about 69% above the national median county at $1,063. About 715,388 people live here, 2nd in the state.

Rates by ZIP code

Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,210 in 37080 (Joelton) and $2,560 in 37219 (Nashville), with the 40 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.

ZIPCity2BR ratevs county
37011Antioch$1,840+2.3%
37013Antioch$1,920+6.8%
37070Goodlettsville$1,840+2.3%
37072Goodlettsville$1,660-7.7%
37076Hermitage$1,840+2.3%
37080Joelton$1,210-32.7%
37115Madison$1,670-7.1%
37116Madison$1,840+2.3%
37138Old Hickory$1,850+2.9%
37189Whites Creek$1,600-11.0%
37201Nashville$2,340+30.1%
37202Nashville$1,840+2.3%
37203Nashville$2,140+19.0%
37204Nashville$2,300+27.9%
37205Nashville$2,260+25.7%
37206Nashville$1,870+4.0%
37207Nashville$1,500-16.6%
37208Nashville$1,940+7.9%
37209Nashville$2,030+12.9%
37210Nashville$1,660-7.7%
37211Nashville$1,860+3.4%
37212Nashville$1,890+5.1%
37213Nashville$1,870+4.0%
37214Nashville$2,050+14.0%
37215Nashville$2,240+24.6%
37216Nashville$1,870+4.0%
37217Nashville$1,860+3.4%
37218Nashville$1,720-4.3%
37219Nashville$2,560+42.4%
37220Nashville$2,230+24.0%
37221Nashville$2,130+18.5%
37222Nashville$1,840+2.3%
37224Nashville$1,840+2.3%
37227Nashville$1,798County rate—
37228Nashville$1,760-2.1%
37229Nashville$1,840+2.3%
37230Nashville$1,798County rate—
37232Nashville$1,840+2.3%
37234Nashville$1,798County rate—
37235Nashville$1,798County rate—

Counties sharing the Nashville-Davidson--Murfreesboro--Franklin metro rate

HUD sets one rate for the whole metro, so every county here carries the same $1,798 two-bedroom figure as Davidson.

Nearby counties

Two-bedroom FMR, with how each compares to Davidson.

Questions people ask

$1,798 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,585 for a studio, $1,650 for one bedroom, $2,309 for three and $2,799 for four.

What does a rental in Davidson actually go for?

HUD's number is one input. Search any address in Davidson for a rent estimate built from nearby comps. Free to start, no card.

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