Average Rent In Tennessee For January 2024
Average Rent
What is the average rent in Tennessee?
The average rent in Tennessee for January 2024 is $1,156, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in Tennessee is $1,101. The average rent of a 1-bedroom apartment in Tennessee is $1,012.
Compared to the national average of $1,379, Tennessee rent costs -16.2% less. Read our analysis of rents by state to see how Tennessee ranks.
Here's a look at how average rents have changed over time:
How Does Tennessee Rent Compare To The Rest Of The Country?
| Statistic | TN | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,156 | $1,379 | -16.2% |
| M-o-M Change | -$10 | -$11 | -9.1% |
| Y-o-Y Change | -$24 | -$14 | 71.4% |
| M-o-M % Change | -0.9% | -0.8% | - |
| Y-o-Y % Change | -2.0% | -1.0% | - |
Median Rent By Bedrooms In Tennessee
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in Tennessee increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Tennessee clocking in at $1,012, while a 2-bedroom rental will set you back $1,101 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $550/room/month.
Read on to find out more or for more on Tennessee check out:
- Best Places To Live In Tennessee
- Cheapest Places To Live In Tennessee
- Most Dangerous Cities In Tennessee
Month Over Month Tennessee Rent Statistics
M-o-M Increase
M-o-M Increase
Tennessee has experienced a -$10 change in rent over the past month going from $1,166 to $1,156. That change comes out to -0.9%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for Tennessee:
Year Over Year Tennessee Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in Tennessee changed -$24 from $1,180 to $1,156. A change of -$24 means that rents changed -2.0% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for Tennessee:
The 10 Places With The Highest Rent In Tennessee
Population: 5,002
Median Rent: $3,025
More on Forest Hills: Data | Real Estate
Population: 7,119
Median Rent: $2,360
More on Nolensville: Data | Crime | Cost Of Living | Real Estate
Population: 41,524
Median Rent: $2,159
More on Brentwood: Data | Crime | Cost Of Living | Real Estate
Population: 11,678
Median Rent: $1,935
More on Arlington: Data | Cost Of Living | Real Estate
Population: 8,507
Median Rent: $1,851
More on Signal Mountain: Data | Crime | Cost Of Living | Real Estate
Population: 7,508
Median Rent: $1,522
More on Oakland: Data | Crime | Cost Of Living | Real Estate
Population: 72,990
Median Rent: $1,428
More on Franklin: Data | Crime | Cost Of Living | Real Estate
Population: 58,640
Median Rent: $1,414
More on Bartlett: Data | Crime | Cost Of Living | Real Estate
Population: 39,230
Median Rent: $1,397
More on Germantown: Data | Crime | Cost Of Living | Real Estate
Population: 35,995
Median Rent: $1,331
More on Spring Hill: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In Tennessee
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.