In the present study, microstructure evolution of Ti-Fe alloys with different Fe content between 0.2-1.5mass% during hot deformation in (α+β) two-phase region is studied with focusing on effect of phase volume fraction at different deformation temperatures and strain rates. Hot deformation was conducted on the specimens quenched after b solutionizing at 1173K for 1.2ks at 1108, 1073 and 948K, by uniaxial compression by 50% at various strain rates ranged from 1 to 10-4 s-1. Initial structures are (α+β) lamellar structures of fine interlamellar spacing and colony sizes. Increase in Fe content results in increasing the fraction of the β phase at the given deformation temperature. Either colony size or interlamellar spacing is coarser at higher temperatures. At the higher deformation temperature where β phase fraction is larger, dynamic recovery of β phase is a major deformation mechanism while at a lower temperature, i.e., a higher α fraction, dynamic recrystallization of α phase occurs predominantly. It is concluded that critical strain needed for occurrence of dynamic recrystallization is decreased by increasing fraction of the α phase at the same deformation temperature, i.e., by decreasing Fe content. Furthermore, by increasing strain rate grain size of the recrystallized α is decreased.