Tennessee Rental Market Trends
Last updated: August 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Tennessee is $1,555, a 0.38% increase compared to the previous year, when the average rent was $1,549.
Studio Apartments at $1,319 offer the most budget-friendly option with 477 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 733 square feet for $1,404, balancing privacy and affordability.
Two-bedroom units at $1,566 offer 1,060 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,374 sq ft) for $1,942, suitable for larger households.
Average rent in Tennessee
Last updated: August 01, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,555 | 957 sq. ft. |
| Studio | $1,319 | 477 sq. ft. |
| 1 Bed | $1,404 | 733 sq. ft. |
| 2 Beds | $1,566 | 1,060 sq. ft. |
| 3 Beds | $1,942 | 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 | $1,333 | 994 sq. ft. |
| Arizona | $1,574 | 868 sq. ft. |
| Arkansas | $1,159 | 894 sq. ft. |
| California | $2,672 | 854 sq. ft. |
| Colorado | $1,846 | 878 sq. ft. |
| Connecticut | $2,200 | 899 sq. ft. |
| Delaware | $1,724 | 929 sq. ft. |
| District of Columbia | $2,446 | 746 sq. ft. |
| Florida | $1,989 | 986 sq. ft. |
| Georgia | $1,650 | 1,029 sq. ft. |
| Idaho | $1,690 | 938 sq. ft. |
| Illinois | $2,066 | 841 sq. ft. |
| Indiana | $1,351 | 911 sq. ft. |
| Iowa | $1,258 | 898 sq. ft. |
| Kansas | $1,339 | 909 sq. ft. |
| Kentucky | $1,350 | 937 sq. ft. |
| Louisiana | $1,248 | 917 sq. ft. |
| Maine | $2,094 | 830 sq. ft. |
| Maryland | $1,897 | 908 sq. ft. |
| Massachusetts | $2,865 | 883 sq. ft. |
| Michigan | $1,432 | 920 sq. ft. |
| Minnesota | $1,666 | 895 sq. ft. |
| Mississippi | $1,334 | 1,013 sq. ft. |
| Missouri | $1,377 | 903 sq. ft. |
| Montana | $1,747 | 897 sq. ft. |
| Nebraska | $1,375 | 933 sq. ft. |
| Nevada | $1,568 | 912 sq. ft. |
| New Hampshire | $2,230 | 887 sq. ft. |
| New Jersey | $2,453 | 875 sq. ft. |
| New Mexico | $1,439 | 840 sq. ft. |
| New York | $2,521 | 888 sq. ft. |
| North Carolina | $1,571 | 979 sq. ft. |
| North Dakota | $1,193 | 965 sq. ft. |
| Ohio | $1,363 | 903 sq. ft. |
| Oklahoma | $1,079 | 859 sq. ft. |
| Oregon | $1,746 | 844 sq. ft. |
| Pennsylvania | $1,823 | 890 sq. ft. |
| Rhode Island | $2,219 | 922 sq. ft. |
| South Carolina | $1,648 | 1,017 sq. ft. |
| South Dakota | $1,214 | 911 sq. ft. |
| Tennessee | $1,555 | 957 sq. ft. |
| Texas | $1,452 | 894 sq. ft. |
| Utah | $1,656 | 935 sq. ft. |
| Virginia | $2,017 | 924 sq. ft. |
| Washington | $2,051 | 831 sq. ft. |
| Wisconsin | $1,648 | 927 sq. ft. |
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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.