Chattanooga, TN Rental Market Trends

Highlights

The average rent for an apartment in Chattanooga is $974, a 7% increase compared to the previous year, when the average rent was $914.

Average Rent in Chattanooga, TN

Last updated Mar 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$974	7%	920 sq. ft.

The average size for a Chattanooga, TN apartment is 920 square feet, but this number varies greatly depending on apartment type. 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

< $5002%
$501-$70010%
$701-$1,00050%
$1,001-$1,50035%
$1,501-$2,0003%
> $2,0001%

Chattanooga, TN Rent Trends

Average Rent	Jan / 2016	May / 2016	Sept / 2016	Jan / 2017	May / 2017	Sept / 2017	Jan / 2018	May / 2018	Mar / 2019
Chattanooga, TN	$870	$900	$910	$896	$918	$914	$927	$927	$974
National	$1,290	$1,319	$1,334	$1,329	$1,354	$1,366	$1,366	$1,381	$1,396

Average Rent in Chattanooga, TN By Neighborhood

Average Rent
Neighborhood	Average Rent
Woodmore	$696
Ridgeside	$696
Hilltop	$696
21st Century	$696
Missionary Ridge	$706
Belvoir	$717
East Ridge	$729
Riverside	$743
King's Point	$743
Glenwood	$743
Curtis - Battery Heights	$743
Avondale	$743
Murray Hills	$822
Lake Hills	$822
Kingsridge	$912
Cloverdale	$912
Chester Frost	$912
Arbor Landing	$912
Mark Twain	$924
Metropolitan Airport	$930
Meadow Trace	$932
Lupton Fairfax	$932
Forest Plaza	$932
Boulevard Trails	$932
Cherokee Woods	$936
Stuart Heights	$938
Manchester Park	$938
Meadowbrook Heights	$942
Vaden Village	$962
Molly's Meadow - Reunion	$962
Magnolia Gardens	$962
Hamilton Acres	$962
Hamilton	$962
Concord Highland	$962
Brainerd Hills	$962
Belleau Woods	$962
Audubon	$962
Ashwood	$962
Red Bank	$988
North Shore	$988
Hill City	$988
East Brainerd	$1,002
Washington Hills	$1,029
Woodland Height	$1,050
Spring Valley	$1,050
North Chattanooga	$1,050
Fort Wood - Lincoln Park	$1,263
Martin Luther King	$1,283
Southside Gardens	$1,336
Oak Grove	$1,336

The most affordable neighborhoods in Chattanooga are 21st Century, where the average rent goes for $696/month, Hilltop, where renters pay $696/mo on average, and Ridgeside, where the average rent goes for $696/mo. If you’re looking for other great deals, check out the listings from Woodmore ($696), Missionary Ridge ($706), and Belvoir ($717), where the asking prices are below the average Chattanooga rent of $974/mo.

The most expensive neighborhoods in Chattanooga are Martin Luther King ($1,283), Oak Grove ($1,336) and Southside Gardens ($1,336).

Chattanooga | Rent Comparison by Neighborhood

Rent in 21st Century is 24% lower than in Arbor Landing

$696

21st Century rent is 29% lower than Chattanooga average

Average Rent	$696

$912

Arbor Landing rent is 6% lower than Chattanooga average

Average Rent	$912

How Does Chattanooga Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Chattanooga	$974	7%
Red Bank	$988	5%
East Ridge	$729	3%
Collegedale	$1,147	8%
Soddy-Daisy	$903	2%
Apison	$1,147	8%
Falling Water	$932	5%
Flat Top Mountain	$809	n/a
Harrison	$822	7%
Lakesite	$903	2%

For more information about the Chattanooga rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Chattanooga apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.