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City Report · TN

Martin

Pop. 10,915·61st most expensive in Tennessee·One of the most affordable rental markets in the US
Median rent (all units)
$961/mo
Year-over-Year
Stable
Month-over-Month
+3.3%
vs US Median
-$1,001
Rising (Monthly)
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Most AffordableMost Expensive
Martin · $961
More affordable than 98% of US cities · National median $1,962/mo
Affordability
27% of income
AFFORDABLE
0%30% benchmark60%+

At $961/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$38,000/yr
Local median income
$43,381/yr
Based on the 30%-of-income rule using Martin's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$750
1 BR
$760
2 BR
$940
3 BR
$1,130
4 BR+
$1,580
Fair Market Rent (HUD)
$940/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $961 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
$11,532/yr
At $961/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +3.3% MoM), not inventory.
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Demographics

Who lives here

Martin, TN is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 30.4% of residents hold a bachelor's degree or higher.

Population
10,915
Median income
$43,381
Median age
24.5
Renters
57.6%
Age distribution
15.8%
46.6%
16.5%
Under 1815.8%
18–3446.6%
35–5416.5%
55–6410.2%
65+10.9%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
72.1%
18.2%
White72.1%
Black18.2%
Hispanic4.2%
Asian3.1%
Other2.4%
Education (25+)
37.9%
23.5%
30.4%
No HS diploma8.2%
HS diploma37.9%
Some college23.5%
Bachelor's+30.4%
Housing tenure
42.4%
57.6%
Owner42.4%
Renter57.6%

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

2021 vs 2026

How Martin, TN has changed in 5 years

Income
$37,487 → $43,381
up 15.7%
Population
10,536 → 10,915
up 3.6%
Renter share
56.1% → 57.6%
+1.5 pts
Bachelor's+
29.5% → 30.4%
+0.9 pts

Household income in the area moved from $37,487 to $43,381 across the same window, up 15.7% versus 2021. Census counts show Martin, TN adding about 379 residents over the five-year window, up 3.6% on net. The renter share has risen from 56.1% to 57.6%, with owner-occupied housing accounting for the remainder.

Community

Discussions about Martin

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

Can you afford rent in Martin on your salary?

At $961/mo, how Martin rent compares to typical pay (30% rule).

By apartment size

Martin rent by bedroom count

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

Local insights

Tips for renters in Martin

About renting in Martin, TN

Last updated: August 17, 2026

The median rent in Martin is $961/mo as of August 2026. A studio apartment averages $750/mo while a 2-bedroom runs $940/mo. One-bedroom apartments average $760/mo and 3-bedroom units go for $1,130/mo.

At 27% of local median household income ($43,381/yr), Martin ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Martin an affordable city for renters?

Martin is considered affordable for renters. At $961/mo, rent takes approximately 27% of the local median household income ($43,381/yr). The standard benchmark is 30%. Martin falls comfortably within that range.

How much income do you need to rent in Martin?

To keep rent at or below 30% of gross income, you would need to earn at least $38,000/year (~$18/hour full-time) to afford the median rent of $961/mo in Martin. The local median household income is $43,381/yr, meaning the typical Martin household meets that threshold.

Is rent going up or down in Martin?

Rent in Martin has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Martin rent compare to other cities in Tennessee?

Martin is one of the more affordable cities in Tennessee for rent, ranking #61 out of 62 tracked cities at $961/mo.

Which nearby cities are cheaper to rent in than Martin?

Dyersburg is nearby and more affordable at $800/mo, which is $161 less than Martin.

What percentage of Martin residents rent vs. own?

According to Census data, approximately 57.6% of Martin households are renters, while 42.4% are owner-occupied. With a majority renter population, Martin has a strong rental market.

How does Martin rent compare to the national average?

Martin's median rent of $961/mo is $1,001 (51%) below the US national median of $1,962/mo. Within Tennessee, it ranks #61 out of 62 tracked cities.
Income Affordability
27%
AFFORDABLE

At $961/mo, rent takes ~27% of Martin's median household income ($43,381/yr). The standard benchmark is 30%.

Martin 27%Benchmark 30%
State income taxNone
Run the Martin affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Martin, TN

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