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 $917. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Oak Ridge, TN
Last updated June 2022
| Average Rent | Average Apartment Size |
|---|---|
| $917 | 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
Oak Ridge, TN Occupied Housing Units
4,383 or 36% of the households in Oak Ridge, TN are renter-occupied while 7,690 or 63% are owner-occupied.
Oak Ridge, TN Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Jun / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Oak Ridge, TN | $717 | $776 | $782 | $775 | $784 | $778 | $798 | $816 | $866 | $917 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Oak Ridge Compares to Other Cities
| City | Average Rent |
|---|---|
| Memphis | $1,005 |
| Nashville | $1,694 |
| Murfreesboro | $1,406 |
| Knoxville | $1,393 |
| Chattanooga | $1,238 |
| Antioch | $1,316 |
| Bartlett | $1,069 |
| Hendersonville | $1,457 |
| Franklin | $1,890 |
| Hermitage | $1,404 |
| Cleveland | $1,133 |
| Cookeville | $899 |
| Farragut | $1,304 |
| Lenoir City | $1,363 |
| Maryville | $1,153 |
| Red Bank | $1,297 |
| Oak Ridge | $917 |
| Soddy-Daisy | $1,338 |
Most Popular Apartments in Oak Ridge
The Flats At Jackson Square
82 E. Tennessee Ave, Oak Ridge, TN 37830- Studio
- 1 BED
- 2 BEDS
Ask for pricing
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.