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Best Places to Rent

Tennessee

Average Rent

$1,508

-0.7% YoY

Rent Comparison

-7.3% 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

$1,696

Population

2,121,538

# of Rentals

8,569

Memphis Metro Area

Average Rent

$1,127

Population

1,343,263

# of Rentals

3,057

Knoxville Metro Area

Average Rent

$1,469

Population

953,310

# of Rentals

1,360

Chattanooga Metro Area

Average Rent

$1,303

Population

583,637

# of Rentals

907

Clarksville Metro Area

Average Rent

$1,079

Population

348,119

# of Rentals

242

Kingsport Metro Area

Average Rent

$1,186

Population

313,553

# of Rentals

99

Johnson City Metro Area

Average Rent

$1,248

Population

212,446

# of Rentals

177

Jackson Metro Area

Average Rent

$1,342

Population

182,262

# of Rentals

153

Cleveland Metro Area

Average Rent

$1,222

Population

130,315

# of Rentals

47

Morristown Metro Area

Average Rent

$1,229

Population

123,994

# 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.