Lakeland, TN Rental Market Trends
Last updated: October 20, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Lakeland is $1,554, a 3.19% increase compared to the previous year, when the average rent was $1,506.
One-bedroom apartments provide 763 square feet for $1,350, balancing privacy and affordability.
Two-beedroom units at $1,642 offer 1,131 square feet, perfect for roommates or small families.
Average rent in Lakeland, TN
Last updated: October 20, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,554 | 1,027 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,350 | 763 sq. ft. |
| 2 Beds | $1,642 | 1,131 sq. ft. |
| 3 Beds | n/a | n/a |
Lakeland, TN rent trends
Rental prices in Lakeland, TN have increased by 3.19% over the past year. The average rent moved from $1,506 to $1,554.
What's the typical rent budget in Lakeland, TN?
The largest share of rentals in Lakeland, TN (63%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Lakeland, TN?
1,037 or 20% of the households in Lakeland, TN are renter-occupied while 4,209 or 80% are owner-occupied.
How Lakeland Compares to Other Cities
| City | Average Rent |
|---|---|
| Lakeland | $1,554 |
| Antioch | $1,489 |
| Franklin | $2,068 |
| Lebanon | $1,568 |
| Nashville | $1,841 |
| Knoxville | $1,747 |
| Memphis | $1,135 |
| Chattanooga | $1,463 |
| Murfreesboro | $1,578 |
| Johnson City | $1,375 |
| Clarksville | $1,241 |
| Germantown, TN | $1,928 |
| Bartlett, TN | $1,548 |
| Olive Branch, MS | $1,569 |
| Southaven, MS | $1,411 |
| Horn Lake, MS | $1,362 |
| Millington, TN | $1,232 |
| Marion, AR | $1,168 |
| West Memphis, AR | $747 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lakeland apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.