At $1,489/mo, rent takes about 31% of the local median household income, slightly above 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 $1,489 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
30% of the median household income ($57,500) is $1,438 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,410); a 4-bedroom is $1,550.
From Zillow's monthly rent index (ZORI) for Manchester. 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
Manchester, TN is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 22.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Manchester, TN has changed in 5 years
Median household income rose from $47,092 to $57,500 between 2021 and 2024, a 22.1% shift. The population has grown by 8.3% since 2021, moving from about 11,956 residents to roughly 12,944. Renters now make up 48.5% of households, compared with 50.8% five years ago.
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Can you afford rent in Manchester on your salary?
At $1,489/mo, how Manchester rent compares to typical pay (30% rule).
Manchester rent by bedroom count
Median rent for each apartment size in Manchester. Click any size for full breakdown.
Tips for renters in Manchester
Last updated: October 17, 2026
The median rent in Manchester is $1,489/mo as of October 2026. A studio apartment averages $810/mo while a 2-bedroom runs $1,010/mo. One-bedroom apartments average $810/mo and 3-bedroom units go for $1,410/mo.
At 31% of local median household income ($57,500/yr), Manchester ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Manchester?
Is rent going up or down in Manchester?
How does Manchester rent compare to other cities in Tennessee?
Which nearby cities are cheaper to rent in than Manchester?
At $1,489/mo, rent takes ~31% of Manchester's median household income ($57,500/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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