Rent in Cleveland, TN MSA
The Fair Market Rent (FMR) for a two-bedroom home in Cleveland, TN MSA is $1,233/month for HUD fiscal year 2026 — HUD's estimate of the 40th-percentile gross rent for standard-quality rentals in this market.
Quick answer: A two-bedroom in Cleveland, TN MSA has an FMR of $1,233/month (FY2026). That is 27% above the national median of $974. Cleveland, TN MSA ranks #540 of 2,622 HUD FMR areas by two-bedroom rent (1 = most expensive).
Fair Market Rent by bedroom size, Cleveland, TN MSA
| Unit size | Fair Market Rent / month |
|---|---|
| Studio / efficiency | $850 |
| 1 bedroom | $940 |
| 2 bedrooms | $1,233 |
| 3 bedrooms | $1,584 |
| 4 bedrooms | $1,633 |
Nearby on the rent ranking
- Emmet County, MI$1,235/mo
- Racine-Mount Pleasant, WI MSA$1,235/mo
- Orange County, VA$1,234/mo
- Killeen-Temple, TX HUD Metro FMR Area$1,233/mo
- Martinsburg, WV HUD Metro FMR Area$1,233/mo
- Duluth, MN-WI MSA$1,232/mo
Frequently asked questions
- How much is rent in Cleveland, TN MSA?
- The Fair Market Rent (FMR) for a two-bedroom unit in Cleveland, TN MSA is $1,233 per month for HUD fiscal year 2026. A one-bedroom is $940 and a three-bedroom is $1,584 per month.
- What is the studio and one-bedroom Fair Market Rent in Cleveland, TN MSA?
- For FY2026, HUD's efficiency/studio FMR in Cleveland, TN MSA is $850 per month and the one-bedroom FMR is $940 per month.
- How is the Fair Market Rent for Cleveland, TN MSA calculated?
- HUD's Fair Market Rent is an estimate of the 40th-percentile gross rent — rent plus tenant-paid utilities, excluding telephone, cable, satellite and internet — for standard-quality rental units in the local housing market. Figures are set per HUD FMR area and apply to every county within that area.
- What are Fair Market Rents used for in Cleveland, TN MSA?
- FMRs set the payment standards for the Housing Choice Voucher (Section 8) program and other HUD rental-assistance programs in Cleveland, TN MSA. They cap the subsidy a voucher can pay toward rent and are also widely used as a benchmark for typical local rents.
- How does rent in Cleveland, TN MSA compare nationally?
- Cleveland, TN MSA ranks #540 of 2,622 HUD FMR areas by two-bedroom FMR (1 = most expensive). The national median two-bedroom FMR is $974 per month.
Source: U.S. Department of Housing and Urban Development (HUD USER), FY2026 Fair Market Rents. Public domain (17 U.S.C. § 105). Figures effective 1 October 2025. Last updated 2025-10-01.