Chattanooga, TN Rental Market Trends
Highlights
The average rent for an apartment in Chattanooga is $1,003, a 2% increase compared to the previous year.
Average Rent in Chattanooga, TN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,003 | 2% | 931 sq. ft. |
The average size for a Chattanooga, TN apartment is 931 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-$70010%
- $701-$1,00046%
- $1,001-$1,50038%
- $1,501-$2,0003%
- > $2,0001%
Chattanooga, TN Occupied Housing Units
- Renter-occupied Households47%
- Owner-occupied Households52%
34,797 or 47% of the households in Chattanooga, TN are renter-occupied while 38,045 or 52% are owner-occupied.
Chattanooga, TN Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Chattanooga, TN | $895 | $887 | $910 | $911 | $919 | $959 | $978 | $986 | $1,009 | $1,002 | $1,003 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Chattanooga, TN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Riverside | $701 |
| King's Point | $701 |
| Glenwood | $701 |
| Curtis - Battery Heights | $701 |
| Avondale | $701 |
| Missionary Ridge | $736 |
| Woodmore | $746 |
| Ridgeside | $746 |
| Hilltop | $746 |
| 21st Century | $746 |
| Belvoir | $754 |
| East Ridge | $759 |
| Murray Hills | $850 |
| Lake Hills | $850 |
| Mark Twain | $947 |
| Metropolitan Airport | $955 |
| Cherokee Woods | $957 |
| Stuart Heights | $961 |
| Manchester Park | $961 |
| Meadowbrook Heights | $965 |
| Meadow Trace | $969 |
| Lupton Fairfax | $969 |
| Forest Plaza | $969 |
| Boulevard Trails | $969 |
| Vaden Village | $984 |
| Molly's Meadow - Reunion | $984 |
| Magnolia Gardens | $984 |
| Hamilton Acres | $984 |
| Hamilton | $984 |
| Concord Highland | $984 |
| Brainerd Hills | $984 |
| Belleau Woods | $984 |
| Audubon | $984 |
| Ashwood | $984 |
| Kingsridge | $992 |
| Cloverdale | $992 |
| Chester Frost | $992 |
| Arbor Landing | $992 |
| Red Bank | $1,023 |
| North Shore | $1,023 |
| Hill City | $1,023 |
| East Brainerd | $1,029 |
| Washington Hills | $1,067 |
| Woodland Height | $1,096 |
| Spring Valley | $1,096 |
| North Chattanooga | $1,096 |
| Southside Gardens | $1,294 |
| Oak Grove | $1,294 |
| Martin Luther King | $1,310 |
| Fort Wood - Lincoln Park | $1,319 |
The most affordable neighborhoods in Chattanooga are Avondale, where the average rent goes for $701/month, Curtis - Battery Heights, where renters pay $701/mo on average, and Glenwood, where the average rent goes for $701/mo. If you’re looking for other great deals, check out the listings from King's Point ($701), Riverside ($701), and Missionary Ridge ($736), where the asking prices are below the average Chattanooga rent of $1,003/mo.
The most expensive neighborhoods in Chattanooga are Southside Gardens ($1,294), Martin Luther King ($1,310) and Fort Wood - Lincoln Park ($1,319).
The most popular neighborhood in Chattanooga is Avondale, where there are 5 verified RENTCafé listings with an average rent of $701. Next up is Red Bank, where apartments go for $1,023/month, followed by Audubon with $984 If you’re looking to rent in Chattanooga’s most popular neighborhoods, make sure to also check out Spring Valley, where renters pay $1,096 on average, and Brainerd Hills, where the average monthly rent is $984.
Chattanooga | Rent Comparison by Neighborhood
Rent in 21st Century is 25% lower than in Arbor Landing
21st Century rent is 26% lower than Chattanooga average
| Average Rent | $746 |
|---|
Arbor Landing rent is 1% lower than Chattanooga average
| Average Rent | $992 |
|---|
How Chattanooga Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Nashville | $1,428 | 6% |
| Memphis | $825 | 5% |
| Murfreesboro | $1,154 | 4% |
| Knoxville | $1,082 | 6% |
| Chattanooga | $1,003 | 2% |
| Antioch | $1,066 | 6% |
| Red Bank | $1,023 | 3% |
| East Cleveland | $846 | 3% |
| East Ridge | $759 | 4% |
| Fort Oglethorpe | $730 | 7% |
| Ringgold | $587 | -1% |
For more information about the Chattanooga rental trends, check out our monthly rent report
Check out Tennessee Cities, Tennessee Neighborhoods and Tennessee Zip Codes for more details on verified listings, including the Tennessee Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!