Rent in Parsons, TN
A 2-bedroom in Parsons, TN (ZIP 38363) typically rents for about $747 a month, with a range of $747–$995. Owner-occupied homes in Decatur County pay about 0.46% 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 | $761 | $761 | 1 |
| 1 bed | $634 | $634–$850 | 1 |
| 2 beds | $747 | $747–$995 | 1 |
| 3 beds | $993 | $993–$1,353 | 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).
Parsons ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Parsons, TN?
- About $747 a month: the median of the typical rents in 1 ZIP code, which range from $747–$995. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Parsons, TN?
- About $634 a month: the median of the typical rents in 1 ZIP code, which range from $634–$850. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Parsons, TN?
- About $993 a month: the median of the typical rents in 1 ZIP code, which range from $993–$1,353. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Parsons, 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 4-bedroom in Parsons, 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 Parsons, TN?
- Owner-occupied homes in Decatur County pay a typical 0.46% 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 Parsons rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).