At $1,465/mo, rent takes about 37% 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 $1,465 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 Morristown changed -1.9% over the year to September 2026. Across the 51 Tennessee cities Zillow tracks, the typical change was +2.0%.
Rent has fallen 5 months in a row, and rose in 4 of the last 12 months.
30% of the median household income ($47,917) is $1,198 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($961); a 4-bedroom is $1,938.
Jefferson City, 12 miles away, rents for 17% less ($1,214/mo), about $3,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Morristown. 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
Morristown, TN is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 15% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Morristown, TN has changed in 5 years
Median household income climbed from $36,495 to $47,917 between 2021 and 2024, a 31.3% shift. Census counts show Morristown, TN adding about 1,140 residents over the five-year window, up 3.8% on net. The renter share has eased from 50.3% to 45.1%, with owner-occupied housing accounting for the remainder.
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Can you afford rent in Morristown on your salary?
At $1,465/mo, how Morristown rent compares to typical pay (30% rule).
Morristown rent by bedroom count
Median rent for each apartment size in Morristown. Click any size for full breakdown.
Tips for renters in Morristown
Last updated: October 17, 2026
The median rent in Morristown is $1,465/mo as of October 2026. A studio apartment averages $319/mo while a 2-bedroom runs $936/mo. One-bedroom apartments average $625/mo and 3-bedroom units go for $961/mo.
At 37% of local median household income ($47,917/yr), Morristown ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.
Frequently asked questions
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Is rent going up or down in Morristown?
How does Morristown rent compare to other cities in Tennessee?
Which nearby cities are cheaper to rent in than Morristown?
At $1,465/mo, rent takes ~37% of Morristown's median household income ($47,917/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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