Rent by ZIP · Tipton County
Rent in Covington, TN 38019
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,020 (-3.8% vs FY2026). Renters in this ZIP code pay a median $936 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $860 | $840 | +2.4% | $774–946 | – |
| 1 bedroom | $930 | $940 | -1.1% | $837–1,023 | $478 ±$345 |
| 2 bedrooms | $1,020 | $1,060 | -3.8% | $918–1,122 | $909 ±$227 |
| 3 bedrooms | $1,350 | $1,390 | -2.9% | $1,215–1,485 | $1,027 ±$63 |
| 4 bedrooms | $1,550 | $1,620 | -4.3% | $1,395–1,705 | $1,016 ±$574 |
Small Area FMRs for the Memphis, TN-MS-AR HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Memphis, TN-MS-AR HUD Metro FMR Area, 2 bedrooms: $1,301.
What renters pay in 38019
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 38018 | Cordova | $1,780 | $1,574 |
| 38017 | Collierville | $1,660 | $1,694 |
| 38016 | Cordova | $1,600 | $1,593 |
| 38015 | Burlison | $1,000 | $880 |
| 38023 | Drummonds | $1,250 | $1,027 |
| 38024 | Dyersburg | $1,000 | $693 |
Fair Market Rents across Tipton County, TN · All TN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.