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City Report · TN

Farragut

Pop. 24,634·17th most expensive in Tennessee·Rental market data updated monthly for Farragut, TN
Median rent (all units)
$1,893/mo
Year-over-Year
-4.6%
Month-over-Month
-6.6%
vs US Median
-$69
Falling (Monthly)
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Most AffordableMost Expensive
Farragut · $1,893
More expensive than 52% of US cities · National median $1,962/mo
Affordability
16% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,893/mo, rent takes about 16% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$76,000/yr
Local median income
$142,093/yr
Based on the 30%-of-income rule using Farragut's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,880
1 BR
$1,890
2 BR
$2,320
3 BR
$2,980
4 BR+
$3,500
Fair Market Rent (HUD)
$2,320/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,893 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$22,716/yr
At $1,893/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.6% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.6% YoY, -6.6% MoM), not inventory.
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Demographics

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.

Population
24,634
Median income
$142,093
Median age
45.6
Renters
15.3%
Age distribution
22.4%
12.9%
29.3%
13.1%
22.4%
Under 1822.4%
18–3412.9%
35–5429.3%
55–6413.1%
65+22.4%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
89%
White89%
Black1%
Hispanic2.4%
Asian4.5%
Other3.1%
Education (25+)
22%
65%
No HS diploma2%
HS diploma11%
Some college22%
Bachelor's+65%
Housing tenure
84.7%
15.3%
Owner84.7%
Renter15.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Farragut, TN has changed in 5 years

Income
$119,167 → $142,093
up 19.2%
Population
23,388 → 24,634
up 5.3%
Renter share
14.2% → 15.3%
+1.1 pts
Bachelor's+
64.8% → 65%
+0.2 pts
Median age
47.8 → 45.6
-2.2 yrs

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.

Community

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View Farragut rent history (2015–2026) →
Salary vs rent

Can you afford rent in Farragut on your salary?

At $1,893/mo, how Farragut rent compares to typical pay (30% rule).

By apartment size

Farragut rent by bedroom count

Median rent for each apartment size in Farragut. Click any size for full breakdown.

Local insights

Tips for renters in Farragut

About renting in Farragut, TN

Last updated: August 17, 2026

The median rent in Farragut is $1,893/mo as of August 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 decreased 4.6% over the past year.

FAQ

Frequently asked questions

Is Farragut an affordable city for renters?

Farragut is considered very affordable for renters. At $1,893/mo, rent takes approximately 16% of the local median household income ($142,093/yr). The standard benchmark is 30%. Farragut falls comfortably within that range.

How much income do you need to rent in Farragut?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,893/mo in Farragut. The local median household income is $142,093/yr, meaning the typical Farragut household meets that threshold.

Is rent going up or down in Farragut?

Rent in Farragut has decreased 4.6% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Farragut rent compare to other cities in Tennessee?

Farragut is one of the pricier cities in Tennessee for rent, ranking #17 out of 62 tracked cities at $1,893/mo.

Which nearby cities are cheaper to rent in than Farragut?

Several nearby cities have lower median rents than Farragut ($1,893/mo): Oak Ridge ($1,668/mo), Lenoir City ($1,691/mo), Alcoa ($1,716/mo).

What percentage of Farragut residents rent vs. own?

According to Census data, approximately 15.3% of Farragut households are renters, while 84.7% are owner-occupied. Farragut leans toward homeownership, which can mean a smaller rental inventory.

How does Farragut rent compare to the national average?

Farragut's median rent of $1,893/mo is $69 (4%) below the US national median of $1,962/mo. Within Tennessee, it ranks #17 out of 62 tracked cities.
Income Affordability
16%
VERY AFFORDABLE

At $1,893/mo, rent takes ~16% of Farragut's median household income ($142,093/yr). The standard benchmark is 30%.

Farragut 16%Benchmark 30%
State income taxNone
Run the Farragut affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Farragut, TN

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