Knoxville vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Knoxville is 24% cheaper for renters. A 2-bedroom rents for $836/mo vs $1,038/mo in Madison — saving $2,424/year.
Rent by Unit Size
| Unit Size | Knoxville | Madison | Difference |
|---|---|---|---|
| Studio | $566 | $676 | $110 |
| 1 Bedroom | $693 | $827 | $134 |
| 2 Bedrooms | $836 | $1,038 | $202 |
| 3 Bedrooms | $1,106 | $1,222 | $116 |
| 4 Bedrooms | $1,220 | $1,400 | $180 |
| Median Income | $54,020 | $64,691 | $10,671 |
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
Madison
- Studio
- $676/mo
- 1 BR
- $827/mo
- 2 BR
- $1,038/mo
- 3 BR
- $1,222/mo
- 4 BR
- $1,400/mo
- Median Income
- $64,691/yr
Frequently Asked Questions
Is Knoxville or Madison cheaper to rent in?
Knoxville is cheaper — a 2-bedroom Fair Market Rent is $836/mo vs $1,038/mo in Madison. That's $202/mo or $2,424/year more expensive in Madison (24% higher).
What is the 2-bedroom rent in Knoxville vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Knoxville is $836/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Knoxville and Madison?
The median household income in Knoxville is $54,020/year. In Madison it is $64,691/year. Madison has the higher median income.
What is the studio rent in Knoxville vs Madison?
A studio apartment Fair Market Rent in Knoxville is $566/mo. In Madison it is $676/mo.