Knoxville vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 11% cheaper for renters. A 2-bedroom rents for $756/mo vs $836/mo in Knoxville — saving $960/year.
Rent by Unit Size
| Unit Size | Knoxville | Springfield | Difference |
|---|---|---|---|
| Studio | $566 | $519 | $47 |
| 1 Bedroom | $693 | $612 | $81 |
| 2 Bedrooms | $836 | $756 | $80 |
| 3 Bedrooms | $1,106 | $923 | $183 |
| 4 Bedrooms | $1,220 | $1,067 | $153 |
| Median Income | $54,020 | $44,958 | $9,062 |
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
- $519/mo
- 1 BR
- $612/mo
- 2 BR
- $756/mo
- 3 BR
- $923/mo
- 4 BR
- $1,067/mo
- Median Income
- $44,958/yr
Frequently Asked Questions
Is Knoxville or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $756/mo vs $836/mo in Knoxville. That's $80/mo or $960/year more expensive in Knoxville (11% 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 $756/month.
How do incomes compare between Knoxville and Springfield?
The median household income in Knoxville is $54,020/year. In Springfield it is $44,958/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 $519/mo.