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Best Places to Rent

Tennessee

Average Rent

$1,505

-1.4% YoY

Rent Comparison

-8.2% Lower

than national average

Population

7.31 Million

in 2022

The state of Tennessee is comprised of 10 metropolitan areas with a total population of 7,314,991. Explore Tennessee’s metro areas and compare key metrics.

Nashville Metro Area

Average Rent

$1,704

Population

2,189,284

# of Rentals

8,519

Memphis Metro Area

Average Rent

$1,135

Population

1,339,025

# of Rentals

3,023

Knoxville Metro Area

Average Rent

$1,474

Population

970,802

# of Rentals

1,324

Chattanooga Metro Area

Average Rent

$1,301

Population

594,836

# of Rentals

849

Clarksville Metro Area

Average Rent

$1,091

Population

352,654

# of Rentals

264

Kingsport Metro Area

Average Rent

$1,190

Population

315,609

# of Rentals

112

Johnson City Metro Area

Average Rent

$1,241

Population

217,274

# of Rentals

152

Jackson Metro Area

Average Rent

$1,328

Population

184,456

# of Rentals

143

Cleveland Metro Area

Average Rent

$1,282

Population

133,756

# of Rentals

44

Morristown Metro Area

Average Rent

$1,230

Population

129,382

# of Rentals

7

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.