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Best Places to Rent

Tennessee

Average Rent

$1,533

-1% YoY

Rent Comparison

-6.0% Lower

than national average

Population

7.17 Million

in 2022

The state of Tennessee is comprised of 10 metropolitan areas with a total population of 7,168,748. Explore Tennessee’s metro areas and compare key metrics.

Nashville Metro Area

Average Rent

$1,737

Population

2,121,538

# of Rentals

8,480

Memphis Metro Area

Average Rent

$1,141

Population

1,343,263

# of Rentals

3,010

Knoxville Metro Area

Average Rent

$1,445

Population

953,310

# of Rentals

1,256

Chattanooga Metro Area

Average Rent

$1,281

Population

583,637

# of Rentals

820

Clarksville Metro Area

Average Rent

$1,061

Population

348,119

# of Rentals

179

Kingsport Metro Area

Average Rent

$1,145

Population

313,553

# of Rentals

84

Johnson City Metro Area

Average Rent

$1,293

Population

212,446

# of Rentals

154

Jackson Metro Area

Average Rent

$1,300

Population

182,262

# of Rentals

153

Cleveland Metro Area

Average Rent

$1,414

Population

130,315

# of Rentals

44

Morristown Metro Area

Average Rent

$1,185

Population

123,994

# of Rentals

9

Average Rent is calculated by averaging the monthly rent of 1 bedroom apartments.

Other States

This information is based on data collected by CoStar Group researchers.