Any rents you receive are considered income, regardless of if you renting at or below fair market value.
Report the rental income and expenses in the rental section, as you normally would. You will get to a screen asking you if you are renting at or below FMV, and if you are renting to family. If you indicate you are renting below FMV then TurboTax will take care of things for you.
If you are renting below market rate, you will not be allowed to deduct any rental expenses that exceed your rental income. If you are itemizing your deductions, you may be able to include expenses like mortgage interest and property taxes with your itemized deductions.
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