Data / Fair Market Rent, two bedrooms (HUD, monthly) / Shelby County

Fair Market Rent, two bedrooms (HUD, monthly) in Shelby County

Fair Market Rent, two bedrooms (HUD, monthly) in Shelby County was $1,301 in 2027, according to the U.S. Department of Housing and Urban Development, Office of Policy Development and Research. That is up 2.1% from 2026. That is the 23rd highest of 95 counties in 2027.

2027, USD1,301
Change on 2026+2.1%
Rank23rd of 95Counties in Tennessee ranked
Series high1,3552025
Series low7172012

Next release: Saturday, 15 May 2027, estimated by Invokely from past publication dates (medium confidence), not announced by the publisher. Release calendar

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Fair Market Rent, two bedrooms (HUD, monthly) in Shelby County, 2010 to 2027

6008001,0001,2001,4002010201320162019202220272010: 783 USD2011: 758 USD2012: 717 USD2013: 768 USD2014: 780 USD2015: 832 USD2016: 827 USD2017: 835 USD2018: 833 USD2019: 875 USD2020: 884 USD2021: 911 USD2022: 912 USD2023: 1,032 USD2024: 1,298 USD2025: 1,355 USD2026: 1,274 USD2027: 1,301 USD6008001,0001,2001,40020102016202220272010: 783 USD2011: 758 USD2012: 717 USD2013: 768 USD2014: 780 USD2015: 832 USD2016: 827 USD2017: 835 USD2018: 833 USD2019: 875 USD2020: 884 USD2021: 911 USD2022: 912 USD2023: 1,032 USD2024: 1,298 USD2025: 1,355 USD2026: 1,274 USD2027: 1,301 USD
USD. Source: HUD, HUD Fair Market Rents by county: two bedrooms, monthly gross rent in dollars. Retrieved 2026-10-12.
All 18 values
PeriodUSD
20271,301
20261,274
20251,355
20241,298
20231,032
2022912
2021911
2020884
2019875
2018833
2017835
2016827
2015832
2014780
2013768
2012717
2011758
2010783

Shelby County compared with nearby places

Anderson County: 1,475 USDBedford County: 1,112 USDBenton County: 995 USDBledsoe County: 1,086 USDBlount County: 1,475 USDBradley County: 1,270 USDCampbell County: 995 USDCannon County: 1,798 USDCarroll County: 995 USDCarter County: 1,211 USDCheatham County: 1,798 USDChester County: 1,375 USDClaiborne County: 995 USDClay County: 995 USDCocke County: 995 USDCoffee County: 1,088 USDCrockett County: 1,093 USDCumberland County: 1,039 USDDavidson County: 1,798 USDDecatur County: 995 USDDeKalb County: 1,016 USDDickson County: 1,798 USDDyer County: 995 USDFayette County: 1,301 USDFentress County: 995 USDFranklin County: 1,060 USDGibson County: 995 USDGiles County: 1,105 USDGrainger County: 995 USDGreene County: 995 USDGrundy County: 995 USDHamblen County: 1,153 USDHamilton County: 1,340 USDHancock County: 995 USDHardeman County: 995 USDHardin County: 995 USDHawkins County: 1,091 USDHaywood County: 995 USDHenderson County: 995 USDHenry County: 1,011 USDHickman County: 1,028 USDHouston County: 995 USDHumphreys County: 1,055 USDJackson County: 995 USDJefferson County: 1,153 USDJohnson County: 995 USDKnox County: 1,475 USDLake County: 995 USDLauderdale County: 995 USDLawrence County: 1,008 USDLewis County: 995 USDLincoln County: 995 USDLoudon County: 1,475 USDMcMinn County: 995 USDMcNairy County: 995 USDMacon County: 995 USDMadison County: 1,375 USDMarion County: 1,340 USDMarshall County: 1,106 USDMaury County: 1,474 USDMeigs County: 1,045 USDMonroe County: 995 USDMontgomery County: 1,307 USDMoore County: 995 USDMorgan County: 995 USDObion County: 995 USDOverton County: 995 USDPerry County: 995 USDPickett County: 995 USDPolk County: 1,270 USDPutnam County: 1,102 USDRhea County: 1,059 USDRoane County: 1,048 USDRobertson County: 1,798 USDRutherford County: 1,798 USDScott County: 995 USDSequatchie County: 1,340 USDSevier County: 1,213 USDShelby County: 1,301 USDSmith County: 1,146 USDStewart County: 995 USDSullivan County: 1,091 USDSumner County: 1,798 USDTipton County: 1,301 USDTrousdale County: 1,798 USDUnicoi County: 1,211 USDUnion County: 1,475 USDVan Buren County: 995 USDWarren County: 1,051 USDWashington County: 1,211 USDWayne County: 995 USDWeakley County: 995 USDWhite County: 1,021 USDWilliamson County: 1,798 USDWilson County: 1,798 USD
  • Under 1,000
  • 1,000 to 1,200
  • 1,200 to 1,400
  • 1,400 and over
Fair Market Rent, two bedrooms (HUD, monthly), 2027, USD. Shelby County is outlined. Same source and period for every area shown. Source: U.S. Department of Housing and Urban Development, Office of Policy Development and Research. Boundaries: U.S. Census Bureau cartographic boundary files.

Rankings

Definition

Monthly gross rent, in US dollars, that the U.S. Department of Housing and Urban Development (HUD) sets for a two-bedroom unit in the HUD area that contains the county.

More on how it is measured
  • Gross rent is the rent plus all utilities paid by the tenant except telephone, cable or satellite television and internet.
  • HUD sets Fair Market Rents at the 40th percentile of gross rents paid by recent movers for standard-quality rental units, from American Community Survey data brought forward to the fiscal year; until 2018 a few metropolitan areas were set at the 50th percentile.
  • They set payment standards for Housing Choice Vouchers and rent ceilings in other HUD programs.

A policy benchmark, not a measured rent: it is lower than the median rent by design and differs from the Census Bureau median gross rent. HUD sets one value per HUD area, a metropolitan area (sometimes split into HUD Metro FMR Areas) or a non-metropolitan county, so every county of a metropolitan area shows the same figure. Counties in the six New England states have no value, because HUD defines their areas by town and a county can span several areas. Where HUD splits off part of a county, the county value is the rest of the county: Howard County, Maryland, without Columbia until FY2015, and Crawford County, Missouri, without its part of Sullivan. The year is HUD's federal fiscal year: FY2027 runs from 1 October 2026 to 30 September 2027.

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How to cite

U.S. Department of Housing and Urban Development, HUD USER. HUD Fair Market Rents by county: two bedrooms, monthly gross rent in dollars. https://www.huduser.gov/portal/datasets/fmr/fmr2027/FY27_FMRs.xlsx. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

U.S. Department of Housing and Urban Development, Office of Policy Development and Research. (n.d.). HUD Fair Market Rents by county: two bedrooms, monthly gross rent in dollars (Fair Market Rent, two bedrooms (HUD, monthly), Shelby County, 2010 to 2027) [Data set]. Retrieved October 12, 2026, from https://www.huduser.gov/portal/datasets/fmr/fmr2027/FY27_FMRs.xlsx

MLA 9

HUD Fair Market Rents by county: two bedrooms, monthly gross rent in dollars, Fair Market Rent, two bedrooms (HUD, monthly), Shelby County, 2010 to 2027. U.S. Department of Housing and Urban Development, Office of Policy Development and Research, https://www.huduser.gov/portal/datasets/fmr/fmr2027/FY27_FMRs.xlsx. Invokely, https://invokely.ai/en/fair-market-rent-two-bedroom/shelby-county-tennessee. Accessed 12 Oct. 2026.

Chicago (author-date)

U.S. Department of Housing and Urban Development, Office of Policy Development and Research. n.d. HUD Fair Market Rents by county: two bedrooms, monthly gross rent in dollars. Fair Market Rent, two bedrooms (HUD, monthly), Shelby County, 2010 to 2027. Dataset. Accessed October 12, 2026. https://www.huduser.gov/portal/datasets/fmr/fmr2027/FY27_FMRs.xlsx. Also distributed by Invokely, https://invokely.ai/en/fair-market-rent-two-bedroom/shelby-county-tennessee.

Harvard

U.S. Department of Housing and Urban Development, Office of Policy Development and Research (no date) HUD Fair Market Rents by county: two bedrooms, monthly gross rent in dollars, Fair Market Rent, two bedrooms (HUD, monthly), Shelby County, 2010 to 2027 [Dataset]. Available at: https://www.huduser.gov/portal/datasets/fmr/fmr2027/FY27_FMRs.xlsx, via Invokely: https://invokely.ai/en/fair-market-rent-two-bedroom/shelby-county-tennessee (Accessed: 12 October 2026).

BibTeX
@misc{department_fair_market_rent_two_2027,
  author = {{U.S. Department of Housing and Urban Development, Office of Policy Development and Research}},
  title = {{HUD Fair Market Rents by county: two bedrooms, monthly gross rent in dollars: Fair Market Rent, two bedrooms (HUD, monthly), Shelby County, 2010 to 2027}},
  howpublished = {Data set},
  url = {https://www.huduser.gov/portal/datasets/fmr/fmr2027/FY27_FMRs.xlsx},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/fair-market-rent-two-bedroom/shelby-county-tennessee. Publisher attribution: U.S. Department of Housing and Urban Development, HUD USER. HUD Fair Market Rents by county: two bedrooms, monthly gross rent in dollars. https://www.huduser.gov/portal/datasets/fmr/fmr2027/FY27\_FMRs.xlsx. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - U.S. Department of Housing and Urban Development, Office of Policy Development and Research
TI  - HUD Fair Market Rents by county: two bedrooms, monthly gross rent in dollars: Fair Market Rent, two bedrooms (HUD, monthly), Shelby County, 2010 to 2027
PB  - U.S. Department of Housing and Urban Development, Office of Policy Development and Research
DB  - Invokely
UR  - https://www.huduser.gov/portal/datasets/fmr/fmr2027/FY27_FMRs.xlsx
L2  - https://invokely.ai/en/fair-market-rent-two-bedroom/shelby-county-tennessee
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/fair-market-rent-two-bedroom/shelby-county-tennessee.
N1  - Publisher attribution: U.S. Department of Housing and Urban Development, HUD USER. HUD Fair Market Rents by county: two bedrooms, monthly gross rent in dollars. https://www.huduser.gov/portal/datasets/fmr/fmr2027/FY27_FMRs.xlsx. Retrieved 2026-10-12.
ER  -
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Questions

What is the fair Market Rent, two bedrooms (HUD, monthly) in Shelby County?

Fair Market Rent, two bedrooms (HUD, monthly) in Shelby County was $1,301 in 2027, according to the U.S. Department of Housing and Urban Development, Office of Policy Development and Research. That is up 2.1% from 2026. That is the 23rd highest of 95 counties in 2027.

Where does this figure come from?

U.S. Department of Housing and Urban Development, Office of Policy Development and Research. HUD Fair Market Rents by county: two bedrooms, monthly gross rent in dollars. Retrieved by Invokely on 2026-10-12.

What was the highest fair Market Rent, two bedrooms (HUD, monthly) in Shelby County?

$1,355 in 2025, the highest value since 2010 in this series.

Related statistics for Shelby County

All statistics for Shelby County | Shelby County in figures