Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
East Ridge, TN Rental Market Trends
What is the average rent in East Ridge?
The average rent for an apartment in East Ridge is $839, a 11% increase compared to the previous year, when the average rent was $759.
Average Rent in East Ridge, TN
Last updated April 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $839 | 11% | 914 sq. ft. |
What is the average apartment size in East Ridge?
The average size for a East Ridge, TN apartment is 914 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.
East Ridge, TN Apartment Rent Ranges
- $501-$70019%
- $701-$1,00066%
- $1,001-$1,50015%
East Ridge, TN Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
3,941 or 43% of the households in East Ridge, TN are renter-occupied while 5,086 or 56% are owner-occupied.
East Ridge, TN Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Apr / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| East Ridge, TN | $715 | $715 | $729 | $731 | $746 | $762 | $759 | $795 | $831 | $839 |
| National | $1,317 | $1,348 | $1,357 | $1,361 | $1,393 | $1,400 | $1,401 | $1,391 | $1,393 | $1,399 |
/
How East Ridge Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Memphis | $882 | 7% |
| Nashville | $1,397 | -2% |
| Murfreesboro | $1,184 | 3% |
| Antioch | $1,073 | 1% |
| Knoxville | $1,139 | 5% |
| Chattanooga | $1,073 | 6% |
| Acworth | $1,198 | 10% |
| Canton | $1,351 | 10% |
| Cleveland | $931 | 9% |
| Holly Springs | $1,351 | 10% |
| East Ridge | $839 | 11% |
Most Popular Apartments in East Ridge
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 East Ridge 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.