Rent in Morristown, TN at a glance
2-bedroom rent (HUD)
$1,135$13,620 a year · HUD fiscal year 2026From October 1, 2026: $1,153 (+1.6%)How much rent can you afford in Morristown, TN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Morristown, TN by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $881 | $10,572 | $35,240 | $16.94/hr |
| 1 bedroom | $887 | $10,644 | $35,480 | $17.06/hr |
| 2 bedroomsMost searched | $1,135 | $13,620 | $45,400 | $21.83/hr |
| 3 bedrooms | $1,444 | $17,328 | $57,760 | $27.77/hr |
| 4 bedrooms | $1,827 | $21,924 | $73,080 | $35.13/hr |
Cost of living in Morristown, TN: income, prices and a budget →
Living and working in Morristown, TN
Rent in Morristown, TN: common questions
How much is rent going up in Morristown, TN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,153 for a two-bedroom, up 1.6% from $1,135. A one-bedroom goes from $887 to $912, a studio from $881 to $906.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Morristown, TN?
HUD's Fair Market Rent for 2026 is $887 for a one-bedroom and $1,135 for a two-bedroom, utilities included. That is $13,620 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Morristown, TN?
To keep a $1,135 two-bedroom at 30% of gross pay, one full-time worker needs $21.83 an hour, or $45,400 a year. A one-bedroom at $887 takes $17.06 an hour.
How much is a 1, 2 or 3-bedroom apartment in Morristown, TN?
At HUD's 2026 Fair Market Rent: studio $881, one bedroom $887, two $1,135, three $1,444 and four $1,827 a month.
Is rent affordable in Morristown, TN?
For the typical household, earning $47,917 a year ($3,993 a month, Census ACS), a two-bedroom at $1,135 takes 28.4% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,135 × 12) ÷ 0.30 = $45,400. Divided by 2,080 working hours, that is $21.83 an hour.