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Best Places to Rent

Tennessee

Average Rent

$1,534

-1% YoY

Rent Comparison

-5.9% 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

$1,741

Population

2,121,538

# of Rentals

8,492

Memphis Metro Area

Average Rent

$1,141

Population

1,343,263

# of Rentals

3,005

Knoxville Metro Area

Average Rent

$1,446

Population

953,310

# of Rentals

1,250

Chattanooga Metro Area

Average Rent

$1,276

Population

583,637

# of Rentals

825

Clarksville Metro Area

Average Rent

$1,062

Population

348,119

# of Rentals

181

Kingsport Metro Area

Average Rent

$1,137

Population

313,553

# of Rentals

88

Johnson City Metro Area

Average Rent

$1,293

Population

212,446

# of Rentals

157

Jackson Metro Area

Average Rent

$1,299

Population

182,262

# of Rentals

160

Cleveland Metro Area

Average Rent

$1,394

Population

130,315

# of Rentals

47

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.