Shelby County, TN

2025 Fair Market Rents

Tags: 2025 Memphis, TN-MS-AR HUD Metro FMR Area

On this Page:

Return to the state page to see where Tennessee ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Shelby County are Memphis, Cordova, Millington, and Germantown. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Shelby County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Shelby County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Shelby County compare?

Shelby County ($1,355) has a 21% higher FMR for 2-Bedroom housing than the average of Tennessee ($1,120) and therefore a higher gross rent.

Shelby County is rank 20th out of 95 counties. This means the FMRs, or in other words, the gross rent is higher than 75 other counties. Shelby County is the 20th most expensive county in terms of FMRs.

Rent Tables Shelby County, TN

Fair Market Rent (40th Percentile)

$1,105
studio
$1,207
1-Bedroom
$1,355
2-Bedroom
$1,781
3-Bedroom
$2,086
4-Bedroom

Median Rent (50th Percentile)

$1,192
studio
$1,303
1-Bedroom
$1,462
2-Bedroom
$1,922
3-Bedroom
$2,251
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
38004 $1,320 $1,440 $1,620 $2,130 $2,490
38011 $1,020 $1,110 $1,250 $1,640 $1,920
38016 $1,420 $1,550 $1,740 $2,290 $2,680
38018 $1,520 $1,660 $1,860 $2,440 $2,860
38027 $1,110 $1,210 $1,360 $1,790 $2,090
38029 $1,560 $1,700 $1,910 $2,520 $2,950
38053 $1,120 $1,220 $1,370 $1,800 $2,110
38054 $1,120 $1,220 $1,370 $1,800 $2,110
38055 $1,110 $1,210 $1,360 $1,790 $2,090
38083 $1,110 $1,210 $1,360 $1,790 $2,090
38088 $1,110 $1,210 $1,360 $1,790 $2,090
38101 $1,110 $1,210 $1,360 $1,790 $2,090
38103 $1,650 $1,810 $2,030 $2,670 $3,130
38104 $1,220 $1,340 $1,500 $1,970 $2,310
38105 $930 $1,040 $1,170 $1,540 $1,800
38106 $960 $1,050 $1,180 $1,550 $1,820
38107 $950 $1,040 $1,170 $1,540 $1,800
38108 $930 $1,040 $1,170 $1,540 $1,800
38109 $930 $1,040 $1,170 $1,540 $1,800
38111 $1,040 $1,140 $1,280 $1,680 $1,970
38112 $980 $1,070 $1,200 $1,580 $1,850
38113 $1,110 $1,210 $1,360 $1,790 $2,090
38114 $930 $1,040 $1,170 $1,540 $1,800
38115 $1,140 $1,250 $1,400 $1,840 $2,160
38116 $1,040 $1,140 $1,280 $1,680 $1,970
38117 $1,260 $1,380 $1,550 $2,040 $2,390
38118 $1,020 $1,110 $1,250 $1,640 $1,920
38119 $1,260 $1,370 $1,540 $2,020 $2,370
38120 $1,370 $1,500 $1,680 $2,210 $2,590
38122 $1,080 $1,190 $1,330 $1,750 $2,050
38124 $1,110 $1,210 $1,360 $1,790 $2,090
38125 $1,350 $1,470 $1,650 $2,170 $2,540
38126 $930 $1,040 $1,170 $1,540 $1,800
38127 $1,000 $1,100 $1,230 $1,620 $1,890
38128 $1,130 $1,240 $1,390 $1,830 $2,140
38130 $1,110 $1,210 $1,360 $1,790 $2,090
38131 $1,110 $1,210 $1,360 $1,790 $2,090
38132 $1,000 $1,090 $1,220 $1,610 $1,890
38133 $1,380 $1,510 $1,690 $2,220 $2,600
38134 $1,120 $1,220 $1,370 $1,800 $2,110
38135 $1,570 $1,720 $1,930 $2,540 $2,970
38137 $1,110 $1,210 $1,360 $1,790 $2,090
38138 $1,570 $1,720 $1,930 $2,540 $2,970
38139 $1,650 $1,810 $2,030 $2,670 $3,130
38141 $1,350 $1,470 $1,650 $2,170 $2,540
38152 $1,040 $1,140 $1,280 $1,680 $1,970
38157 $1,110 $1,210 $1,360 $1,790 $2,090
38166 $1,110 $1,210 $1,360 $1,790 $2,090
38167 $1,110 $1,210 $1,360 $1,790 $2,090
38168 $1,110 $1,210 $1,360 $1,790 $2,090
38173 $1,110 $1,210 $1,360 $1,790 $2,090
38174 $1,110 $1,210 $1,360 $1,790 $2,090
38175 $1,110 $1,210 $1,360 $1,790 $2,090
38177 $1,110 $1,210 $1,360 $1,790 $2,090
38181 $1,110 $1,210 $1,360 $1,790 $2,090
38182 $1,110 $1,210 $1,360 $1,790 $2,090
38183 $1,110 $1,210 $1,360 $1,790 $2,090
38184 $1,110 $1,210 $1,360 $1,790 $2,090
38186 $1,110 $1,210 $1,360 $1,790 $2,090
38187 $1,110 $1,210 $1,360 $1,790 $2,090
38188 $1,110 $1,210 $1,360 $1,790 $2,090
38190 $1,110 $1,210 $1,360 $1,790 $2,090
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
38004 $1,188 $1,296 $1,458 $1,917 $2,241
38011 $918 $999 $1,125 $1,476 $1,728
38016 $1,278 $1,395 $1,566 $2,061 $2,412
38018 $1,368 $1,494 $1,674 $2,196 $2,574
38027 $999 $1,089 $1,224 $1,611 $1,881
38029 $1,404 $1,530 $1,719 $2,268 $2,655
38053 $1,008 $1,098 $1,233 $1,620 $1,899
38054 $1,008 $1,098 $1,233 $1,620 $1,899
38055 $999 $1,089 $1,224 $1,611 $1,881
38083 $999 $1,089 $1,224 $1,611 $1,881
38088 $999 $1,089 $1,224 $1,611 $1,881
38101 $999 $1,089 $1,224 $1,611 $1,881
38103 $1,485 $1,629 $1,827 $2,403 $2,817
38104 $1,098 $1,206 $1,350 $1,773 $2,079
38105 $837 $936 $1,053 $1,386 $1,620
38106 $864 $945 $1,062 $1,395 $1,638
38107 $855 $936 $1,053 $1,386 $1,620
38108 $837 $936 $1,053 $1,386 $1,620
38109 $837 $936 $1,053 $1,386 $1,620
38111 $936 $1,026 $1,152 $1,512 $1,773
38112 $882 $963 $1,080 $1,422 $1,665
38113 $999 $1,089 $1,224 $1,611 $1,881
38114 $837 $936 $1,053 $1,386 $1,620
38115 $1,026 $1,125 $1,260 $1,656 $1,944
38116 $936 $1,026 $1,152 $1,512 $1,773
38117 $1,134 $1,242 $1,395 $1,836 $2,151
38118 $918 $999 $1,125 $1,476 $1,728
38119 $1,134 $1,233 $1,386 $1,818 $2,133
38120 $1,233 $1,350 $1,512 $1,989 $2,331
38122 $972 $1,071 $1,197 $1,575 $1,845
38124 $999 $1,089 $1,224 $1,611 $1,881
38125 $1,215 $1,323 $1,485 $1,953 $2,286
38126 $837 $936 $1,053 $1,386 $1,620
38127 $900 $990 $1,107 $1,458 $1,701
38128 $1,017 $1,116 $1,251 $1,647 $1,926
38130 $999 $1,089 $1,224 $1,611 $1,881
38131 $999 $1,089 $1,224 $1,611 $1,881
38132 $900 $981 $1,098 $1,449 $1,701
38133 $1,242 $1,359 $1,521 $1,998 $2,340
38134 $1,008 $1,098 $1,233 $1,620 $1,899
38135 $1,413 $1,548 $1,737 $2,286 $2,673
38137 $999 $1,089 $1,224 $1,611 $1,881
38138 $1,413 $1,548 $1,737 $2,286 $2,673
38139 $1,485 $1,629 $1,827 $2,403 $2,817
38141 $1,215 $1,323 $1,485 $1,953 $2,286
38152 $936 $1,026 $1,152 $1,512 $1,773
38157 $999 $1,089 $1,224 $1,611 $1,881
38166 $999 $1,089 $1,224 $1,611 $1,881
38167 $999 $1,089 $1,224 $1,611 $1,881
38168 $999 $1,089 $1,224 $1,611 $1,881
38173 $999 $1,089 $1,224 $1,611 $1,881
38174 $999 $1,089 $1,224 $1,611 $1,881
38175 $999 $1,089 $1,224 $1,611 $1,881
38177 $999 $1,089 $1,224 $1,611 $1,881
38181 $999 $1,089 $1,224 $1,611 $1,881
38182 $999 $1,089 $1,224 $1,611 $1,881
38183 $999 $1,089 $1,224 $1,611 $1,881
38184 $999 $1,089 $1,224 $1,611 $1,881
38186 $999 $1,089 $1,224 $1,611 $1,881
38187 $999 $1,089 $1,224 $1,611 $1,881
38188 $999 $1,089 $1,224 $1,611 $1,881
38190 $999 $1,089 $1,224 $1,611 $1,881
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
38004 $1,452 $1,584 $1,782 $2,343 $2,739
38011 $1,122 $1,221 $1,375 $1,804 $2,112
38016 $1,562 $1,705 $1,914 $2,519 $2,948
38018 $1,672 $1,826 $2,046 $2,684 $3,146
38027 $1,221 $1,331 $1,496 $1,969 $2,299
38029 $1,716 $1,870 $2,101 $2,772 $3,245
38053 $1,232 $1,342 $1,507 $1,980 $2,321
38054 $1,232 $1,342 $1,507 $1,980 $2,321
38055 $1,221 $1,331 $1,496 $1,969 $2,299
38083 $1,221 $1,331 $1,496 $1,969 $2,299
38088 $1,221 $1,331 $1,496 $1,969 $2,299
38101 $1,221 $1,331 $1,496 $1,969 $2,299
38103 $1,815 $1,991 $2,233 $2,937 $3,443
38104 $1,342 $1,474 $1,650 $2,167 $2,541
38105 $1,023 $1,144 $1,287 $1,694 $1,980
38106 $1,056 $1,155 $1,298 $1,705 $2,002
38107 $1,045 $1,144 $1,287 $1,694 $1,980
38108 $1,023 $1,144 $1,287 $1,694 $1,980
38109 $1,023 $1,144 $1,287 $1,694 $1,980
38111 $1,144 $1,254 $1,408 $1,848 $2,167
38112 $1,078 $1,177 $1,320 $1,738 $2,035
38113 $1,221 $1,331 $1,496 $1,969 $2,299
38114 $1,023 $1,144 $1,287 $1,694 $1,980
38115 $1,254 $1,375 $1,540 $2,024 $2,376
38116 $1,144 $1,254 $1,408 $1,848 $2,167
38117 $1,386 $1,518 $1,705 $2,244 $2,629
38118 $1,122 $1,221 $1,375 $1,804 $2,112
38119 $1,386 $1,507 $1,694 $2,222 $2,607
38120 $1,507 $1,650 $1,848 $2,431 $2,849
38122 $1,188 $1,309 $1,463 $1,925 $2,255
38124 $1,221 $1,331 $1,496 $1,969 $2,299
38125 $1,485 $1,617 $1,815 $2,387 $2,794
38126 $1,023 $1,144 $1,287 $1,694 $1,980
38127 $1,100 $1,210 $1,353 $1,782 $2,079
38128 $1,243 $1,364 $1,529 $2,013 $2,354
38130 $1,221 $1,331 $1,496 $1,969 $2,299
38131 $1,221 $1,331 $1,496 $1,969 $2,299
38132 $1,100 $1,199 $1,342 $1,771 $2,079
38133 $1,518 $1,661 $1,859 $2,442 $2,860
38134 $1,232 $1,342 $1,507 $1,980 $2,321
38135 $1,727 $1,892 $2,123 $2,794 $3,267
38137 $1,221 $1,331 $1,496 $1,969 $2,299
38138 $1,727 $1,892 $2,123 $2,794 $3,267
38139 $1,815 $1,991 $2,233 $2,937 $3,443
38141 $1,485 $1,617 $1,815 $2,387 $2,794
38152 $1,144 $1,254 $1,408 $1,848 $2,167
38157 $1,221 $1,331 $1,496 $1,969 $2,299
38166 $1,221 $1,331 $1,496 $1,969 $2,299
38167 $1,221 $1,331 $1,496 $1,969 $2,299
38168 $1,221 $1,331 $1,496 $1,969 $2,299
38173 $1,221 $1,331 $1,496 $1,969 $2,299
38174 $1,221 $1,331 $1,496 $1,969 $2,299
38175 $1,221 $1,331 $1,496 $1,969 $2,299
38177 $1,221 $1,331 $1,496 $1,969 $2,299
38181 $1,221 $1,331 $1,496 $1,969 $2,299
38182 $1,221 $1,331 $1,496 $1,969 $2,299
38183 $1,221 $1,331 $1,496 $1,969 $2,299
38184 $1,221 $1,331 $1,496 $1,969 $2,299
38186 $1,221 $1,331 $1,496 $1,969 $2,299
38187 $1,221 $1,331 $1,496 $1,969 $2,299
38188 $1,221 $1,331 $1,496 $1,969 $2,299
38190 $1,221 $1,331 $1,496 $1,969 $2,299

Fair Market Rents on this page apply to the following cities in Shelby County, Tennessee: Memphis, Cordova, Millington, Germantown, Atoka, Brighton, Collierville, Brunswick, and Ellendale.

These Fair Market Rents also apply to the following ZIP codes in Shelby County, Tennessee: 38109, 38016, 38127, 38116, 38118, 38128, 38115, 38125, 38111, 38134, 38018, 38135, 38117, 38053, 38138, 38114, 38106, 38141, 38119, and 38122.

Shelby County, TN is considered part of the following metro FMR area: MEMPHIS, TN-MS-AR HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Fayette County, TN, and Tipton County, TN.

More on Shelby County, TN

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.