Lenoir City, TN Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Lenoir City is $1,567, a 1.94% decrease compared to the previous year, when the average rent was $1,597.
One-bedroom apartments provide 756 square feet for $1,411, balancing privacy and affordability.
Two-beedroom units at $1,596 offer 1,099 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,321 sq ft) for $2,006, suitable for larger households.
Average rent in Lenoir City, TN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,567 | 1,007 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,411 | 756 sq. ft. |
| 2 Beds | $1,596 | 1,099 sq. ft. |
| 3 Beds | $2,006 | 1,321 sq. ft. |
Lenoir City, TN rent trends
Rental prices in Lenoir City, TN have decreased by 1.94% over the past year. The average rent moved from $1,597 to $1,567.
What's the typical rent budget in Lenoir City, TN?
The largest share of rentals in Lenoir City, TN (51%) 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 Lenoir City, TN?
1,626 or 37% of the households in Lenoir City, TN are renter-occupied while 2,714 or 63% are owner-occupied.
How Lenoir City Compares to Other Cities
| City | Average Rent |
|---|---|
| Lenoir City | $1,567 |
| 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 |
| Powell, TN | $1,636 |
| Maryville, TN | $1,469 |
| Louisville, TN | $1,148 |
| Oak Ridge, TN | $1,282 |
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 Lenoir City 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.