Rent in Smith County, TN at a glance
2-bedroom rent (HUD)
$1,051$12,612 a year · HUD fiscal year 2026From October 1, 2026: $1,146 (+9%)How much rent can you afford in Smith County, TN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Smith County, 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 | $796 | $9,552 | $31,840 | $15.31/hr |
| 1 bedroom | $801 | $9,612 | $32,040 | $15.40/hr |
| 2 bedroomsMost searched | $1,051 | $12,612 | $42,040 | $20.21/hr |
| 3 bedrooms | $1,368 | $16,416 | $54,720 | $26.31/hr |
| 4 bedrooms | $1,392 | $16,704 | $55,680 | $26.77/hr |
Cost of living in Smith County, TN: income, prices and a budget →
Living and working in Smith County, TN
Rent in Smith County, TN: common questions
How much is rent going up in Smith County, TN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,146 for a two-bedroom, up 9% from $1,051. A one-bedroom goes from $801 to $876, a studio from $796 to $870.
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 Smith County, TN?
HUD's Fair Market Rent for 2026 is $801 for a one-bedroom and $1,051 for a two-bedroom, utilities included. That is $12,612 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 Smith County, TN?
To keep a $1,051 two-bedroom at 30% of gross pay, one full-time worker needs $20.21 an hour, or $42,040 a year. A one-bedroom at $801 takes $15.40 an hour.
How much is a 1, 2 or 3-bedroom apartment in Smith County, TN?
At HUD's 2026 Fair Market Rent: studio $796, one bedroom $801, two $1,051, three $1,368 and four $1,392 a month.
Is rent affordable in Smith County, TN?
For the typical household, earning $66,293 a year ($5,524 a month, Census ACS), a two-bedroom at $1,051 takes 19% 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: ($1,051 × 12) ÷ 0.30 = $42,040. Divided by 2,080 working hours, that is $20.21 an hour.