Fair Market Rent (FMR) is an estimate of what it costs to rent a standard home in an area, based on local rental market data collected by the US Department of Housing and Urban Development (HUD).
| Unit Size | Monthly Rent |
|---|---|
| Studio (0 Bedroom) | $1680 |
| 1 Bedroom | $1740 |
| 2 Bedrooms | $1930 |
| 3 Bedrooms | $2440 |
| 4 Bedrooms | $3000 |
Between 2023 and 2025, rental prices in 37128 have shown a increasing trend.
For example, the typical 2-bedroom unit changed from $1,540 in 2023 to $1,930 in 2025 — a change of +25.3%.
FMRs are commonly used by housing programs to set payment standards. They aim to reflect the 40th percentile of gross rents for standard units (including utilities).
Overall, the 37128 area has experienced increasing rent movement for the period shown. These figures help renters, landlords, and researchers understand local market trends.