Rent in Elmwood, TN
A 2-bedroom in Elmwood, TN (ZIP 38560) typically rents for about $1,146 a month, with a range of $1,146. There are no ZIP-level rent figures here, so these use the HUD Fair Market Rent for Smith County. Owner-occupied homes in Smith County pay about 0.47% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $870 | $870 | 1 |
| 1 bed | $876 | $876 | 1 |
| 2 beds | $1,146 | $1,146 | 1 |
| 3 beds | $975 | $975–$1,407 | 1 |
| 4 beds | $1,506 | $1,506 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Elmwood ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Elmwood, TN?
- About $1,146 a month: the median of the typical rents in 1 ZIP code, which range from $1,146. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Elmwood, TN?
- About $876 a month: the median of the typical rents in 1 ZIP code, which range from $876. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Elmwood, TN?
- About $975 a month: the median of the typical rents in 1 ZIP code, which range from $975–$1,407. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Elmwood, TN?
- About $870 a month: the median of the typical rents in 1 ZIP code, which range from $870. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Elmwood, TN?
- About $1,506 a month: the median of the typical rents in 1 ZIP code, which range from $1,506. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Elmwood, TN?
- Owner-occupied homes in Smith County pay a typical 0.47% 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 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Elmwood rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).