Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,390$16,680 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Chattanooga, TN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Chattanooga, TN
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $1,211 | $14,532 | $48,440 | $23.29/hr |
| 1-Bedroom Apartment | $1,263 | $15,156 | $50,520 | $24.29/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,390 | $16,680 | $55,600 | $26.73/hr |
| 3-Bedroom Home | $1,734 | $20,808 | $69,360 | $33.35/hr |
| 4-Bedroom Home | $1,853 | $22,236 | $74,120 | $35.63/hr |
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Frequently Asked Questions About Rent in Chattanooga, TN
What is the Fair Market Rent for a 2-bedroom in Chattanooga, TN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Chattanooga, TN is $1,390 per month ($16,680 per year).
What hourly wage is needed to afford rent in Chattanooga, TN?
To comfortably afford a 2-bedroom apartment at $1,390/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $26.73 per hour ($55,600/year).
What are the HUD Fair Market Rents by bedroom count in Chattanooga, TN?
Official 2026 HUD rents in Chattanooga, TN are: Studio: $1,211/mo, 1-Bedroom: $1,263/mo, 2-Bedroom: $1,390/mo, 3-Bedroom: $1,734/mo, and 4-Bedroom: $1,853/mo.
How do HUD Fair Market Rents compare to local incomes in Chattanooga, TN?
At the local Census ACS median household income of $64,523/year ($5,377/month), the benchmark 2-bedroom Fair Market Rent represents 25.9% of monthly income.
How is the 30% housing affordability standard calculated in Chattanooga, TN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,390/month, the required minimum annual gross income is calculated as ($1,390 × 12) ÷ 0.30 = $55,600 per year.