Rent in 38506 (Cookeville, TN)
In ZIP 38506 (Cookeville, TN), a 2-bedroom typically rents for $986–$1,102 a month, 11% below the Putnam County Fair Market Rent of $1,102. Other sizes: studio $799, 1 bed $652–$887, 3 beds $1,120–$1,502, 4 beds $1,564–$1,871. Owner-occupied homes in Putnam County pay about 0.48% 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 | Range | Best guess | County FMR |
|---|---|---|---|
| Studio | $799 | $799 | $799used above |
| 1 bed | $652–$887 | $652 | $88726% below |
| 2 beds | $986–$1,102 | $986 | $1,10211% below |
| 3 beds | $1,120–$1,502 | $1,120 | $1,50225% below |
| 4 beds | $1,564–$1,871 | $1,871 | $1,56420% above |
- Studio: HUD Fair Market Rent (county) $799 (Oct 1, 2026)
- 1 bed: Census ACS 5-year median gross rent $652 ±$289 (Dec 31, 2024); HUD Fair Market Rent (county) $887 (Oct 1, 2026)
- 2 beds: Census ACS 5-year median gross rent $986 ±$97 (Dec 31, 2024); HUD Fair Market Rent (county) $1,102 (Oct 1, 2026)
- 3 beds: Census ACS 5-year median gross rent $1,120 ±$170 (Dec 31, 2024); HUD Fair Market Rent (county) $1,502 (Oct 1, 2026)
- 4 beds: Census ACS 5-year median gross rent $1,871 ±$420 (Dec 31, 2024); HUD Fair Market Rent (county) $1,564 (Oct 1, 2026)
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).
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Frequently asked questions
- What is the rent for a 2-bedroom in 38506?
- Typically $986–$1,102 a month, with a best guess of $986. That is 11% below the Putnam County Fair Market Rent ($1,102).
- What is the rent for a 1-bedroom in 38506?
- Typically $652–$887 a month, with a best guess of $652. That is 26% below the Putnam County Fair Market Rent ($887).
- What is the rent for a 3-bedroom in 38506?
- Typically $1,120–$1,502 a month, with a best guess of $1,120. That is 25% below the Putnam County Fair Market Rent ($1,502).
- What is the rent for a studio in 38506?
- $799 a month, the HUD Fair Market Rent for Putnam County; there is no ZIP-level figure for 38506.
- What is the rent for a 4-bedroom in 38506?
- Typically $1,564–$1,871 a month, with a best guess of $1,871. That is 20% above the Putnam County Fair Market Rent ($1,564).
- What is the property tax rate in ZIP 38506?
- Owner-occupied homes in Putnam County pay a typical 0.48% 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 the 38506 rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).