At $1,940/mo, rent takes about 16% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,940 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Farragut changed +1.0% over the year to September 2026. Across the 51 Tennessee cities Zillow tracks, the typical change was +2.0%.
Rent has risen 6 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($142,093) is $3,552 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,500).
Oak Ridge, 10 miles away, rents for 16% less ($1,622/mo), about $3,800 a year in savings.
From Zillow's monthly rent index (ZORI) for Farragut. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Farragut, TN is majority owner-occupied, has a large retiree population, has a median income above the national average, 65% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Farragut, TN has changed in 5 years
Median household income climbed from $119,167 to $142,093 between 2021 and 2024, a 19.2% shift. Census counts show Farragut, TN adding about 1,246 residents over the five-year window, up 5.3% on net.
Discussions about Farragut
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Can you afford rent in Farragut on your salary?
At $1,940/mo, how Farragut rent compares to typical pay (30% rule).
Farragut rent by bedroom count
Median rent for each apartment size in Farragut. Click any size for full breakdown.
Tips for renters in Farragut
Last updated: October 17, 2026
The median rent in Farragut is $1,940/mo as of October 2026. A studio apartment averages $1,880/mo while a 2-bedroom runs $2,320/mo. One-bedroom apartments average $1,890/mo and 3-bedroom units go for $2,980/mo.
At 16% of local median household income ($142,093/yr), Farragut ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.
Frequently asked questions
How much income do you need to rent in Farragut?
Is rent going up or down in Farragut?
How does Farragut rent compare to other cities in Tennessee?
At $1,940/mo, rent takes ~16% of Farragut's median household income ($142,093/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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