States › Tennessee › Fayetteville

Is Fayetteville, TN expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$82053% lower than U.S. average
💵 Families earn per year (2026)$53,087about $4,424/month · 39% lower than U.S. average
🔑 House price$230,80031% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 4.3 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $32,800 a year. That is $16 an hour at a full-time job.

Is rent cheaper than other Tennessee cities?

Yes. Rent here is cheaper than in most of Tennessee. It is number 12 of 114 cities from cheapest to most expensive.

Fayetteville
$820
Church Hill
$1,072
Greenbrier
$1,275
Newport
$758
Green Hill
$1,364
La Follette
$714
Savannah
$1,121

How much do households earn in Fayetteville?

Under $25k
18.5%
$25k–50k
31.9%
$50k–100k
28.3%
$100k–150k
5.8%
$150k+
6.9%

Share of households by yearly income. 12.7% of households earn $100,000 or more.

Rent by apartment size in Fayetteville

SizeFayettevilleU.S. average
1 bedroom$699$1,324
2 bedrooms$819$1,509
3 bedrooms$931$1,698
4 bedrooms$900$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Fayetteville overall?

Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).

Housing
79
Goods (food, clothes…)
96
Utilities
72
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Fayetteville, so the Tennessee figure is shown.

Taxes and bills in Fayetteville

🏛️ Property tax$1,302a year · 0.56% of home value · U.S. $3,119
⚡ Electric bill$220a month (typical) · U.S. $156

Life in Fayetteville

Commute to work27.6 minU.S.: 26.4 min
College degree19.3%U.S.: 35.7%
Own their home48.6%U.S.: 65.2%
Below poverty line16.9%U.S.: 12.5%
Unemployment5.7%U.S.: 5.2%

Is it cheaper to rent or buy in Fayetteville?

Renting is cheaper right now: about $781 a month less.

Renting
$820
Owning
$1,601

Owning assumes a typical $230,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,080 for the down payment.

Frequently asked questions

What is the average rent in Fayetteville, TN?

Renting in Fayetteville costs a median of about $820 a month in 2026, including utilities. The Tennessee median is $1,279.

How much do I need to make to live in Fayetteville?

To keep rent under 30% of income, you need about $32,800 a year, or $16 an hour at a full-time job.

Is Fayetteville cheap or expensive?

Fayetteville is rated Cheap: rent takes 18.5% of the typical household income of $53,087. It ranks 12th cheapest of 114 Tennessee cities we track.

How much are property taxes in Fayetteville?

The median homeowner in Fayetteville pays $1,302 a year in property taxes, about 0.56% of the median home value.

Is Fayetteville more expensive than the national average?

Overall prices in Tennessee are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Fayetteville?

The median home value in Fayetteville is $230,800, about 4.3 times the typical yearly household income.

7,057 people live in Fayetteville. Numbers are typical (middle) values.