Tennessee Rental Market Trends
Last updated: September 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Tennessee is $1,557, a 0.52% increase compared to the previous year, when the average rent was $1,549.
Studio Apartments at $1,327 offer the most budget-friendly option with 483 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 733 square feet for $1,410, balancing privacy and affordability.
Two-bedroom units at $1,569 offer 1,060 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,374 sq ft) for $1,943, suitable for larger households.
Average rent in Tennessee
Last updated: September 30, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,557 | 956 sq. ft. |
| Studio | $1,327 | 483 sq. ft. |
| 1 Bed | $1,410 | 733 sq. ft. |
| 2 Beds | $1,569 | 1,060 sq. ft. |
| 3 Beds | $1,943 | 1,374 sq. ft. |
Tennessee rent trends
What's the typical rent budget in Tennessee?
The largest share of rentals in Tennessee (40%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Tennessee?
933,708 or 33% of the households in Tennessee are renter-occupied while 1,890,569 or 67% are owner-occupied.
How Tennessee Compares to Other States
| State | Average Rent | Average Apartment Size |
|---|---|---|
| Alabama | $1,334 | 993 sq. ft. |
| Arizona | $1,574 | 867 sq. ft. |
| Arkansas | $1,162 | 896 sq. ft. |
| California | $2,694 | 854 sq. ft. |
| Colorado | $1,859 | 879 sq. ft. |
| Connecticut | $2,209 | 899 sq. ft. |
| Delaware | $1,735 | 928 sq. ft. |
| District of Columbia | $2,460 | 747 sq. ft. |
| Florida | $1,999 | 987 sq. ft. |
| Georgia | $1,663 | 1,030 sq. ft. |
| Idaho | $1,721 | 933 sq. ft. |
| Illinois | $2,071 | 842 sq. ft. |
| Indiana | $1,346 | 912 sq. ft. |
| Iowa | $1,265 | 900 sq. ft. |
| Kansas | $1,348 | 910 sq. ft. |
| Kentucky | $1,354 | 937 sq. ft. |
| Louisiana | $1,265 | 916 sq. ft. |
| Maine | $2,118 | 833 sq. ft. |
| Maryland | $1,898 | 908 sq. ft. |
| Massachusetts | $2,863 | 881 sq. ft. |
| Michigan | $1,437 | 921 sq. ft. |
| Minnesota | $1,676 | 896 sq. ft. |
| Mississippi | $1,337 | 1,011 sq. ft. |
| Missouri | $1,382 | 904 sq. ft. |
| Montana | $1,819 | 905 sq. ft. |
| Nebraska | $1,380 | 932 sq. ft. |
| Nevada | $1,570 | 912 sq. ft. |
| New Hampshire | $2,226 | 887 sq. ft. |
| New Jersey | $2,463 | 872 sq. ft. |
| New Mexico | $1,438 | 840 sq. ft. |
| New York | $2,683 | 880 sq. ft. |
| North Carolina | $1,583 | 982 sq. ft. |
| North Dakota | $1,215 | 968 sq. ft. |
| Ohio | $1,362 | 902 sq. ft. |
| Oklahoma | $1,089 | 859 sq. ft. |
| Oregon | $1,758 | 844 sq. ft. |
| Pennsylvania | $1,837 | 891 sq. ft. |
| Rhode Island | $2,246 | 918 sq. ft. |
| South Carolina | $1,668 | 1,019 sq. ft. |
| South Dakota | $1,217 | 912 sq. ft. |
| Tennessee | $1,557 | 956 sq. ft. |
| Texas | $1,455 | 894 sq. ft. |
| Utah | $1,671 | 936 sq. ft. |
| Virginia | $2,019 | 925 sq. ft. |
| Washington | $2,059 | 832 sq. ft. |
| Wisconsin | $1,663 | 926 sq. ft. |
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Popular Cities in Tennessee
- Apartments in Antioch $1,501
- Apartments in Ashland City $1,390
- Apartments in Bartlett $1,622
- Apartments in Brentwood $1,853
- Apartments in Bristol $1,193
- Apartments in Chattanooga $1,480
- Apartments in Clarksville $1,252
- Apartments in Cleveland $1,318
- Apartments in Columbia $1,481
- Apartments in Cookeville $1,291
- Apartments in Dickson $1,374
- Apartments in Elizabethton $1,034
- Apartments in Franklin $2,135
- Apartments in Gallatin $1,629
- Apartments in Germantown $1,941
- Apartments in Goodlettsville $1,463
- Apartments in Hendersonville $1,598
- Apartments in Hermitage $1,451
- Apartments in Johnson City $1,442
- Apartments in Kingsport $1,247
- Apartments in Knoxville $1,755
- Apartments in La Vergne $1,810
- Apartments in Lebanon $1,618
- Apartments in Madison $1,378
- Apartments in Maryville $1,480
- Apartments in Memphis $1,141
- Apartments in Mount Juliet $1,845
- Apartments in Murfreesboro $1,596
- Apartments in Nashville $1,864
- Apartments in Oak Ridge $1,334
- Apartments in Sevierville $1,316
- Apartments in Smyrna $1,614
- Apartments in Spring Hill $1,716
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Tennessee apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.