Rent in Drummonds, TN
A 2-bedroom in Drummonds, TN (ZIP 38023) typically rents for about $1,250 a month, with a range of $1,250–$1,301. Owner-occupied homes in Tipton County pay about 0.50% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,050 | $1,050–$1,095 | 1 |
| 1 bed | $1,140 | $1,140–$1,191 | 1 |
| 2 beds | $1,250 | $1,250–$1,301 | 1 |
| 3 beds | $1,385 | $1,120–$1,650 | 1 |
| 4 beds | $1,900 | $1,900–$1,981 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Drummonds ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Drummonds, TN?
- About $1,250 a month: the median of the typical rents in 1 ZIP code, which range from $1,250–$1,301. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Drummonds, TN?
- About $1,140 a month: the median of the typical rents in 1 ZIP code, which range from $1,140–$1,191. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Drummonds, TN?
- About $1,385 a month: the median of the typical rents in 1 ZIP code, which range from $1,120–$1,650. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Drummonds, TN?
- About $1,050 a month: the median of the typical rents in 1 ZIP code, which range from $1,050–$1,095. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Drummonds, TN?
- About $1,900 a month: the median of the typical rents in 1 ZIP code, which range from $1,900–$1,981. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Drummonds, TN?
- Owner-occupied homes in Tipton County pay a typical 0.50% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Drummonds rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).