Fair Market Rents by apartment size
| Size | FY2026 FMR | Income needed (30% rule) | Hourly, full time |
|---|---|---|---|
| Studio | $1,211/mo | $48,440/yr | $23.29 |
| 1 bedroom | $1,263/mo | $50,520/yr | $24.29 |
| 2 bedrooms | $1,390/mo | $55,600/yr | $26.73 |
| 3 bedrooms | $1,734/mo | $69,360/yr | $33.35 |
| 4 bedrooms | $1,853/mo | $74,120/yr | $35.63 |
Fair Market Rents are HUD's estimate of the 40th percentile of gross rent (rent plus essential utilities) for standard-quality units in Chattanooga, TN-GA MSA. About 40% of comparable rentals cost less and 60% cost more, so treat these as a benchmark rather than a listing price. Income needed assumes rent and utilities take no more than 30% of gross income, the federal cost-burden line; the hourly figure assumes 2,080 working hours a year.
Rent vs wages
To afford the 2-bedroom Fair Market Rent here with 30% of a full-time income, you would need to earn about $26.73 an hour. At the state minimum wage of $7.25, that is about 147 hours of work a week. See how every metro compares.
What this means for renters
If you have a Housing Choice Voucher, your local housing authority sets its payment standards based on these FMRs; ask your agency for its exact figures. If you are budgeting a move, compare these numbers with real listings: newer or better-located units usually rent above the FMR.
Areas with similar rents nearby
Frequently asked questions
What is the fair market rent in Chattanooga, TN-GA?
HUD's FY2026 Fair Market Rents for Chattanooga, TN-GA MSA are $1,211 for studio, $1,263 for 1 bedroom, $1,390 for 2 bedrooms, $1,734 for 3 bedrooms, $1,853 for 4 bedrooms.
How much do I need to earn to rent a 2-bedroom in Chattanooga, TN-GA?
At the Fair Market Rent of $1,390, keeping rent within 30% of gross income (the federal cost-burden line) takes about $55,600 a year, or $4,633 a month.
Source: HUD Fair Market Rents, FY2026 schedule (effective October 1, 2025), area code METRO16860M16860. HUD has since published FY2027 FMRs; check HUD for the newest figures. Our data.