Knoxville vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 16% cheaper for renters. A 2-bedroom rents for $720/mo vs $836/mo in Knoxville — saving $1,392/year.
Rent by Unit Size
| Unit Size | Knoxville | Springfield | Difference |
|---|---|---|---|
| Studio | $566 | $490 | $76 |
| 1 Bedroom | $693 | $583 | $110 |
| 2 Bedrooms | $836 | $720 | $116 |
| 3 Bedrooms | $1,106 | $925 | $181 |
| 4 Bedrooms | $1,220 | $987 | $233 |
| Median Income | $54,020 | $37,539 | $16,481 |
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
Springfield
- Studio
- $490/mo
- 1 BR
- $583/mo
- 2 BR
- $720/mo
- 3 BR
- $925/mo
- 4 BR
- $987/mo
- Median Income
- $37,539/yr
Frequently Asked Questions
Is Knoxville or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $720/mo vs $836/mo in Knoxville. That's $116/mo or $1,392/year more expensive in Knoxville (16% higher).
What is the 2-bedroom rent in Knoxville vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Knoxville is $836/month. In Springfield, a 2-bedroom FMR is $720/month.
How do incomes compare between Knoxville and Springfield?
The median household income in Knoxville is $54,020/year. In Springfield it is $37,539/year. Knoxville has the higher median income.
What is the studio rent in Knoxville vs Springfield?
A studio apartment Fair Market Rent in Knoxville is $566/mo. In Springfield it is $490/mo.