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.
Oak Ridge, TN Rental Market Trends
What is the average rent in Oak Ridge?
The average rent for an apartment in Oak Ridge is $798, a 3% increase compared to the previous year, when the average rent was $775.
Average Rent in Oak Ridge, TN
Last updated April 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $798 | 3% | 835 sq. ft. |
What is the average apartment size in Oak Ridge?
The average size for a Oak Ridge, TN apartment is 835 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.
Oak Ridge, TN Apartment Rent Ranges
- $501-$70043%
- $701-$1,00032%
- $1,001-$1,50025%
Oak Ridge, TN Occupied Housing Units
- Renter-occupied Households36%
- Owner-occupied Households63%
4,367 or 36% of the households in Oak Ridge, TN are renter-occupied while 7,641 or 63% are owner-occupied.
Oak 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Oak Ridge, TN | $694 | $694 | $720 | $717 | $776 | $782 | $775 | $784 | $778 | $798 |
| National | $1,317 | $1,348 | $1,357 | $1,361 | $1,393 | $1,400 | $1,401 | $1,391 | $1,393 | $1,399 |
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How Oak 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% |
| Cleveland | $931 | 9% |
| Red Bank | $1,113 | 9% |
| Farragut | $1,119 | 2% |
| Athens | $561 | 3% |
| Oak Ridge | $798 | 3% |
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 Oak 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.