Hermitage, TN Rental Market Trends
Highlights
The average rent for an apartment in Hermitage is $1,050, a 2% decrease compared to the previous year, when the average rent was $1,072.
Studio apartments in Hermitage rent for $798 a month, while 1-bedroom apartments ask on average $919 a month; the average rent for a 2-bedroom apartment is $1,088.
Average Rent in Hermitage, TN
Last updated Sep 2018
| All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Average Rent | $1,050 | $798 | $919 | $1,088 | $1,310 |
| Y-o-Y Change | -2% | -2% | -5% | n/a | -1% |
| Average Apartment Size | 966 sq. ft. | 500 sq. ft. | 746 sq. ft. | 1,055 sq. ft. | 1,295 sq. ft. |
The average size for a Hermitage apartment is 966 square feet, but this number varies greatly depending on apartment type. A studio averages 500 sq. ft., while a one-bedroom apartment offers a more generous square footage: 746. 2-bedroom apartments in Hermitage have an average size of 1,055 sq. ft.
Hermitage, TN Rent Trends
| Average Rent All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Sep / 2018 | $1,050 | $798 | $919 | $1,088 | $1,310 |
| Jan / 2018 | $1,050 | $798 | $919 | $1,088 | $1,310 |
| Sept / 2017 | $1,050 | $768 | $929 | $1,083 | $1,298 |
| May / 2017 | $1,072 | $813 | $970 | $1,092 | $1,318 |
| Jan / 2017 | $1,037 | $633 | $926 | $1,076 | $1,241 |
| Sept / 2016 | $1,080 | $823 | $973 | $1,116 | $1,276 |
| May / 2016 | $1,052 | $700 | $922 | $1,098 | $1,280 |
| Jan / 2016 | $1,012 | $800 | $894 | $1,051 | $1,224 |
| Sept / 2015 | $995 | $700 | $881 | $1,037 | $1,184 |
| May / 2015 | $975 | $730 | $849 | $1,022 | $1,179 |
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How Does Hermitage Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Nashville | $1,275 | 0% |
| Antioch | $997 | 2% |
| Hermitage | $1,050 | -2% |
| Madison | $897 | 3% |
| Goodlettsville | $1,079 | 2% |
| Old Hickory | $1,188 | -4% |
| Belle Meade | $1,468 | -2% |
| Berry Hill | $1,070 | -1% |
| Forest Hills | $1,429 | 1% |
For more information about the Hermitage rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
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 Hermitage 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.