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.
Red Bank, TN Rental Market Trends
What is the average rent in Red Bank?
The average rent for an apartment in Red Bank is $1,113, a 9% increase compared to the previous year, when the average rent was $1,023.
Average Rent in Red Bank, TN
Last updated May 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,113 | 9% | 1,005 sq. ft. |
What is the average apartment size in Red Bank?
The average size for a Red Bank, TN apartment is 1,005 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.
Red Bank, TN Apartment Rent Ranges
- $501-$7002%
- $701-$1,00032%
- $1,001-$1,50062%
- $1,501-$2,0004%
- > $2,0001%
Red Bank, TN Occupied Housing Units
- Renter-occupied Households53%
- Owner-occupied Households46%
3,016 or 53% of the households in Red Bank, TN are renter-occupied while 2,667 or 46% are owner-occupied.
Red Bank, TN Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Red Bank, TN | $960 | $960 | $988 | $990 | $1,035 | $1,043 | $1,023 | $1,043 | $1,076 | $1,113 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
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How Red Bank Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Nashville | $1,407 | -2% |
| Memphis | $887 | 7% |
| Knoxville | $1,153 | 6% |
| Murfreesboro | $1,195 | 3% |
| Antioch | $1,073 | 1% |
| Chattanooga | $1,091 | 7% |
| Cleveland | $931 | 9% |
| Red Bank | $1,113 | 9% |
| East Ridge | $839 | 11% |
| Fort Oglethorpe | $805 | 10% |
| LaFayette | $655 | 1% |
Most Popular Apartments in Red Bank
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 Red Bank 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.