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2025 FMR And Section 8 Rents For Morgan County TN

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of morgan-county, TN.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
37132$740$750$980$1300$1310
37127$651$660$861$1142$1150
37129$760$790$950$1240$1590
37138$750$770$920$1200$1550
37128$651$660$861$1142$1150
37137$651$660$861$1142$1150
37135$760$780$960$1250$1480
37134$800$860$1050$1360$1600
37141$651$660$861$1142$1150
37130$730$730$960$1270$1280
37122$760$790$950$1240$1550
37140$651$660$861$1142$1150

Zip Code:

37132

Studio Rent:

$740

1 Bedroom Rent:

$750

2 Bedroom Rent:

$980

3 Bedroom Rent:

$1300

4 Bedroom Rent:

$1310

Zip Code:

37127

Studio Rent:

$651

1 Bedroom Rent:

$660

2 Bedroom Rent:

$861

3 Bedroom Rent:

$1142

4 Bedroom Rent:

$1150

Zip Code:

37129

Studio Rent:

$760

1 Bedroom Rent:

$790

2 Bedroom Rent:

$950

3 Bedroom Rent:

$1240

4 Bedroom Rent:

$1590

Zip Code:

37138

Studio Rent:

$750

1 Bedroom Rent:

$770

2 Bedroom Rent:

$920

3 Bedroom Rent:

$1200

4 Bedroom Rent:

$1550

Zip Code:

37128

Studio Rent:

$651

1 Bedroom Rent:

$660

2 Bedroom Rent:

$861

3 Bedroom Rent:

$1142

4 Bedroom Rent:

$1150

Zip Code:

37137

Studio Rent:

$651

1 Bedroom Rent:

$660

2 Bedroom Rent:

$861

3 Bedroom Rent:

$1142

4 Bedroom Rent:

$1150

Zip Code:

37135

Studio Rent:

$760

1 Bedroom Rent:

$780

2 Bedroom Rent:

$960

3 Bedroom Rent:

$1250

4 Bedroom Rent:

$1480

Zip Code:

37134

Studio Rent:

$800

1 Bedroom Rent:

$860

2 Bedroom Rent:

$1050

3 Bedroom Rent:

$1360

4 Bedroom Rent:

$1600

Zip Code:

37141

Studio Rent:

$651

1 Bedroom Rent:

$660

2 Bedroom Rent:

$861

3 Bedroom Rent:

$1142

4 Bedroom Rent:

$1150

Zip Code:

37130

Studio Rent:

$730

1 Bedroom Rent:

$730

2 Bedroom Rent:

$960

3 Bedroom Rent:

$1270

4 Bedroom Rent:

$1280

Zip Code:

37122

Studio Rent:

$760

1 Bedroom Rent:

$790

2 Bedroom Rent:

$950

3 Bedroom Rent:

$1240

4 Bedroom Rent:

$1550

Zip Code:

37140

Studio Rent:

$651

1 Bedroom Rent:

$660

2 Bedroom Rent:

$861

3 Bedroom Rent:

$1142

4 Bedroom Rent:

$1150

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.