Tennessee Rental Market Trends

Q: What are the most affordable cities in Tennessee?

The most affordable cities in Tennessee are Paris , where the average rent goes for $544/month, Somerville, where renters pay $721/mo on average, and Pulaski, where the average rent goes for $738/mo. If you’re looking for other great deals, check out the listings from Lawrenceburg ($758), McMinnville ($806), and Dayton ($882), where the asking prices are below the average Tennessee rent of $1,487/mo.

Q: What are the most popular cities in Tennessee?

The most popular city in Tennessee is Memphis , where there are 203 listings with an average rent of $1,085. Next up is Nashville , where apartments go for $1,755/month, followed by Clarksville with $1,261 If you’re looking to rent in Tennessee’s most popular cities, make sure to also check out Knoxville , where renters pay $1,773 on average, and Chattanooga , where the average monthly rent is $1,408.

What is the average rent in Tennessee?

The average rent for an apartment in Tennessee is $1,487. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Tennessee

Last updated July 2024

Average Rent	Average Apartment Size
$1,487	949 sq. ft.

What is the average apartment size in Tennessee?

The average size for a Tennessee apartment is 949 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Tennessee apartment rent ranges

Tennessee Occupied Housing Units

893,910 or 33% of the households in Tennessee are renter-occupied while 1,819,725 or 67% are owner-occupied.

Tennessee rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Tennessee By City

City	Average Rent
Franklin	$2,006
Thompsons Station	$1,886
Germantown	$1,878
Brentwood	$1,830
Spring Hill	$1,817
Old Hickory	$1,813
Knoxville	$1,773
Mount Juliet	$1,764
Nashville	$1,755
Alcoa	$1,665
Lenoir City	$1,643
Murfreesboro	$1,576
Gallatin	$1,546
Hendersonville	$1,545
Smyrna	$1,538
Hermitage	$1,536
Goodlettsville	$1,514
Powell	$1,509
Ashland City	$1,470
Lebanon	$1,458
Columbia	$1,446
Antioch	$1,441
White House	$1,433
Maryville	$1,424
Johnson City	$1,423
Dickson	$1,419
Chattanooga	$1,408
Springfield	$1,383
Madison	$1,336
Cookeville	$1,302
La Vergne	$1,278
Clarksville	$1,261
Cleveland	$1,259
Munford	$1,250
Bartlett	$1,144
Oak Ridge	$1,134
Shelbyville	$1,123
Memphis	$1,085
Tullahoma	$1,075
Athens	$1,052
Greenbrier	$1,005
Smithville	$999
Manchester	$987
Gordonsville	$983
Clinton	$924
Lewisburg	$920
Louisville	$913
Dayton	$882
McMinnville	$806
Lawrenceburg	$758
Pulaski	$738
Somerville	$721
Paris	$544

What are the most affordable cities in Tennessee?

The most affordable cities in Tennessee are Paris, where the average rent goes for $544/month, Somerville, where renters pay $721/mo on average, and Pulaski, where the average rent goes for $738/mo. If you’re looking for other great deals, check out the listings from Lawrenceburg ($758), McMinnville ($806), and Dayton ($882), where the asking prices are below the average Tennessee rent of $1,487/mo.

What are the most expensive cities in Tennessee?

The most expensive cities in Tennessee are Germantown ($1,878), Thompsons Station ($1,886) and Franklin ($2,006).

What are the most popular cities in Tennessee?

The most popular city in Tennessee is Memphis, where there are 203 listings with an average rent of $1,085. Next up is Nashville, where apartments go for $1,755/month, followed by Clarksville with $1,261 If you’re looking to rent in Tennessee’s most popular cities, make sure to also check out Knoxville, where renters pay $1,773 on average, and Chattanooga, where the average monthly rent is $1,408.

Tennessee | Rent Comparison by City

Rent in Alcoa is 16% higher than in Antioch

$1,665

Alcoa rent is 12% higher than Tennessee average

Average Rent $1,665

$1,441

Antioch rent is 3% lower than Tennessee average

Average Rent $1,441

How Tennessee Compares to Other States

State	Average Rent	Average Apartment Size
Alabama	$1,289	985 sq. ft.
Alaska	$1,483	704 sq. ft.
Arizona	$1,582	847 sq. ft.
Arkansas	$1,080	894 sq. ft.
California	$2,555	852 sq. ft.
Colorado	$1,914	871 sq. ft.
Connecticut	$1,992	892 sq. ft.
Delaware	$1,627	909 sq. ft.
District of Columbia	$2,441	748 sq. ft.
Florida	$1,955	971 sq. ft.
Georgia	$1,606	1,016 sq. ft.
Hawaii	$2,677	845 sq. ft.
Idaho	$1,593	913 sq. ft.
Illinois	$1,940	836 sq. ft.
Indiana	$1,276	903 sq. ft.
Iowa	$1,209	893 sq. ft.
Kansas	$1,227	903 sq. ft.
Kentucky	$1,278	930 sq. ft.
Louisiana	$1,218	915 sq. ft.
Maine	$1,947	842 sq. ft.
Maryland	$1,841	903 sq. ft.
Massachusetts	$2,819	890 sq. ft.
Michigan	$1,324	916 sq. ft.
Minnesota	$1,537	887 sq. ft.
Mississippi	$1,304	1,015 sq. ft.
Missouri	$1,273	899 sq. ft.
Montana	$1,584	869 sq. ft.
Nebraska	$1,261	933 sq. ft.
Nevada	$1,526	900 sq. ft.
New Hampshire	$2,070	882 sq. ft.
New Jersey	$2,267	856 sq. ft.
New Mexico	$1,353	829 sq. ft.
New York	$2,722	842 sq. ft.
North Carolina	$1,528	963 sq. ft.
North Dakota	$1,057	957 sq. ft.
Ohio	$1,261	896 sq. ft.
Oklahoma	$1,019	856 sq. ft.
Oregon	$1,748	852 sq. ft.
Pennsylvania	$1,696	888 sq. ft.
Rhode Island	$2,084	927 sq. ft.
South Carolina	$1,590	1,002 sq. ft.
South Dakota	$1,127	901 sq. ft.
Tennessee	$1,487	949 sq. ft.
Texas	$1,447	881 sq. ft.
Utah	$1,612	920 sq. ft.
Vermont	$2,107	813 sq. ft.
Virginia	$1,956	920 sq. ft.
Washington	$2,028	835 sq. ft.
West Virginia	$1,282	989 sq. ft.
Wisconsin	$1,525	903 sq. ft.
Wyoming	$1,185	877 sq. ft.