Rentometer, Inc. | Data as of 10/22/2025
Tennessee’s rental market offers a diverse mix of apartments and single‑family homes that cater to students, young professionals, and growing families alike. From the vibrant music corridors of Nashville and historic charm of Memphis to the natural beauty of the Great Smoky Mountains, renters enjoy a balance of urban excitement and outdoor recreation. Popular neighborhoods such as East Nashville, Midtown Memphis, and the West Knoxville area provide easy access to dining, entertainment, and cultural attractions, making the state an appealing destination for both short‑term stays and long‑term living.
Apartment options range from cozy studios to spacious four‑plus bedroom units, with studio rentals typically falling in the $1300s and larger three‑bedroom spaces approaching the $2000 range. Single‑family homes also present a broad spectrum, often starting in the $1500s for smaller units and exceeding $2500 for expansive four‑plus bedroom residences. Whether you prefer the low‑maintenance lifestyle of a modern apartment complex near downtown or the added privacy of a detached house in a suburban community, Tennessee’s rental inventory includes choices that suit a variety of budgets and lifestyle preferences.
Renters benefit from the state’s robust transportation network, including interstates, commuter rails, and regional airports, which connect major employment hubs and educational institutions. With a growing job market in healthcare, technology, and manufacturing, along with a welcoming Southern hospitality, Tennessee continues to attract renters seeking affordable yet vibrant living environments. Explore the diverse neighborhoods and discover a rental solution that aligns with your personal and professional aspirations.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,523 | $1,452 | $1,075 - $2,025 | $1,341 - $1,778 |
| Apartment | 1 Bedroom | $1,333 | $1,299 | $595 - $2,327 | $915 - $1,610 |
| Apartment | 2 Bedroom | $1,642 | $1,530 | $450 - $3,510 | $1,320 - $1,809 |
| Apartment | 3 Bedroom | $1,710 | $1,697 | $1,020 - $2,543 | $1,470 - $1,995 |
| Apartment | 4+ Bedroom | $2,442 | $2,699 | $1,100 - $3,100 | $2,299 - $3,015 |
| House | 2 Bedroom | $3,447 | $1,500 | $680 - $90,000 | $1,095 - $1,975 |
| House | 3 Bedroom | $2,047 | $1,945 | $850 - $7,500 | $1,600 - $2,330 |
| House | 4+ Bedroom | $2,542 | $2,465 | $984 - $5,995 | $1,900 - $2,949 |
In the current period, the average rent in Tennessee was $1,523 for Studio, $1,333 for 1 Bedroom, $2,326 for 2 Bedroom, $2,011 for 3 Bedroom, and $2,465 for 4+ Bedroom.
Data provided by Rentometer, Inc.