Knoxville vs Lexington-Fayette
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Knoxville is 9% cheaper for renters. A 2-bedroom rents for $836/mo vs $913/mo in Lexington-Fayette — saving $924/year.
Rent by Unit Size
| Unit Size | Knoxville | Lexington-Fayette | Difference |
|---|---|---|---|
| Studio | $566 | $595 | $29 |
| 1 Bedroom | $693 | $719 | $26 |
| 2 Bedrooms | $836 | $913 | $77 |
| 3 Bedrooms | $1,106 | $1,047 | $59 |
| 4 Bedrooms | $1,220 | $1,300 | $80 |
| Median Income | $54,020 | $47,838 | $6,182 |
Knoxville
- Studio
- $566/mo
- 1 BR
- $693/mo
- 2 BR
- $836/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,220/mo
- Median Income
- $54,020/yr
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/yr
Frequently Asked Questions
Is Knoxville or Lexington-Fayette cheaper to rent in?
Knoxville is cheaper — a 2-bedroom Fair Market Rent is $836/mo vs $913/mo in Lexington-Fayette. That's $77/mo or $924/year more expensive in Lexington-Fayette (9% higher).
What is the 2-bedroom rent in Knoxville vs Lexington-Fayette?
The HUD Fair Market Rent for a 2-bedroom in Knoxville is $836/month. In Lexington-Fayette, a 2-bedroom FMR is $913/month.
How do incomes compare between Knoxville and Lexington-Fayette?
The median household income in Knoxville is $54,020/year. In Lexington-Fayette it is $47,838/year. Knoxville has the higher median income.
What is the studio rent in Knoxville vs Lexington-Fayette?
A studio apartment Fair Market Rent in Knoxville is $566/mo. In Lexington-Fayette it is $595/mo.