Rent in Iron City, TN
A 2-bedroom in Iron City, TN (ZIP 38463) typically rents for about $995 a month, with a range of $995. There are no ZIP-level rent figures here, so these use the HUD Fair Market Rent for Wayne County. Owner-occupied homes in Wayne County pay about 0.49% 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 | $756 | $756 | 1 |
| 1 bed | $761 | $761 | 1 |
| 2 beds | $995 | $995 | 1 |
| 3 beds | $672 | $672–$1,186 | 1 |
| 4 beds | $1,365 | $1,365 | 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).
Iron City ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Iron City, TN?
- About $995 a month: the median of the typical rents in 1 ZIP code, which range from $995. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Iron City, TN?
- About $761 a month: the median of the typical rents in 1 ZIP code, which range from $761. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Iron City, TN?
- About $672 a month: the median of the typical rents in 1 ZIP code, which range from $672–$1,186. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Iron City, TN?
- About $756 a month: the median of the typical rents in 1 ZIP code, which range from $756. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Iron City, TN?
- About $1,365 a month: the median of the typical rents in 1 ZIP code, which range from $1,365. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Iron City, TN?
- Owner-occupied homes in Wayne County pay a typical 0.49% 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 Iron City rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).