Chattanooga, TN Rental Market Trends
What is the average rent in Chattanooga?
The average rent for an apartment in Chattanooga is $1,104, a 8% increase compared to the previous year.
Average Rent in Chattanooga, TN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,104 | 8% | 937 sq. ft. |
What is the average apartment size in Chattanooga?
The average size for a Chattanooga, TN apartment is 937 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.
Chattanooga, TN Apartment Rent Ranges
- < $5001%
- $501-$7006%
- $701-$1,00033%
- $1,001-$1,50053%
- $1,501-$2,0006%
- > $2,0001%
Chattanooga, TN Occupied Housing Units
- Renter-occupied Households48%
- Owner-occupied Households51%
36,477 or 48% of the households in Chattanooga, TN are renter-occupied while 39,463 or 51% are owner-occupied.
Chattanooga, TN Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Chattanooga, TN | $919 | $959 | $978 | $986 | $1,009 | $1,002 | $1,002 | $1,046 | $1,058 | $1,091 | $1,104 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Chattanooga, TN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Fort Wood - Lincoln Park | $1,304 |
| Martin Luther King | $1,272 |
| Oak Grove | $1,229 |
| Southside Gardens | $1,229 |
| North Chattanooga | $1,222 |
| Spring Valley | $1,222 |
| Woodland Height | $1,222 |
| Avondale | $1,212 |
| Curtis - Battery Heights | $1,212 |
| Glenwood | $1,212 |
| King's Point | $1,212 |
| Riverside | $1,212 |
| Washington Hills | $1,176 |
| Arbor Landing | $1,151 |
| Chester Frost | $1,151 |
| Cloverdale | $1,151 |
| Kingsridge | $1,151 |
| Hill City | $1,113 |
| North Shore | $1,113 |
| Red Bank | $1,113 |
| East Brainerd | $1,106 |
| Boulevard Trails | $1,058 |
| Forest Plaza | $1,058 |
| Lupton Fairfax | $1,058 |
| Meadow Trace | $1,058 |
| Ashwood | $1,049 |
| Audubon | $1,049 |
| Belleau Woods | $1,049 |
| Brainerd Hills | $1,049 |
| Concord Highland | $1,049 |
| Hamilton | $1,049 |
| Hamilton Acres | $1,049 |
| Magnolia Gardens | $1,049 |
| Molly's Meadow - Reunion | $1,049 |
| Vaden Village | $1,049 |
| Cherokee Woods | $1,045 |
| Mark Twain | $1,035 |
| Meadowbrook Heights | $1,032 |
| Metropolitan Airport | $1,021 |
| Manchester Park | $1,012 |
| Stuart Heights | $1,012 |
| Missionary Ridge | $971 |
| Lake Hills | $929 |
| Murray Hills | $929 |
| East Ridge | $839 |
| Belvoir | $830 |
| 21st Century | $813 |
| Hilltop | $813 |
| Ridgeside | $813 |
| Woodmore | $813 |
What are the most affordable neighborhoods in Chattanooga?
The most affordable neighborhoods in Chattanooga are 21st Century, where the average rent goes for $813/month, Hilltop, where renters pay $813/mo on average, and Ridgeside, where the average rent goes for $813/mo. If you’re looking for other great deals, check out the listings from Woodmore ($813), Belvoir ($830), and East Ridge ($839), where the asking prices are below the average Chattanooga rent of $1,104/mo.
What are the most expensive neighborhoods in Chattanooga?
The most expensive neighborhoods in Chattanooga are Southside Gardens ($1,229), Martin Luther King ($1,272) and Fort Wood - Lincoln Park ($1,304).
What are the most popular neighborhoods in Chattanooga?
The most popular neighborhood in Chattanooga is Audubon, where there are 3 verified RENTCafé listings with an average rent of $1,049. Next up is Red Bank, where apartments go for $1,113/month, followed by Avondale with $1,212 If you’re looking to rent in Chattanooga’s most popular neighborhoods, make sure to also check out East Brainerd, where renters pay $1,106 on average, and East Ridge, where the average monthly rent is $839.
Chattanooga | Rent Comparison by Neighborhood
Rent in 21st Century is 29% lower than in Arbor Landing
21st Century rent is 26% lower than Chattanooga average
| Average Rent | $813 |
|---|
Arbor Landing rent is 4% higher than Chattanooga average
| Average Rent | $1,151 |
|---|
How Chattanooga Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Nashville | $1,420 | 1% |
| Memphis | $901 | 7% |
| Knoxville | $1,167 | 7% |
| Murfreesboro | $1,210 | 4% |
| Antioch | $1,073 | 1% |
| Chattanooga | $1,104 | 8% |
| Canton | $1,351 | 10% |
| Cleveland | $931 | 9% |
| Red Bank | $1,113 | 9% |
| East Ridge | $839 | 11% |
| Fort Oglethorpe | $805 | 10% |