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Best Places to Rent

Tennessee

Average Rent

$1,516

-1.4% YoY

Rent Comparison

-7.8% 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

$1,721

Population

2,189,284

# of Rentals

7,991

Memphis Metro Area

Average Rent

$1,112

Population

1,339,025

# of Rentals

3,198

Knoxville Metro Area

Average Rent

$1,530

Population

970,802

# of Rentals

1,282

Chattanooga Metro Area

Average Rent

$1,315

Population

594,836

# of Rentals

788

Clarksville Metro Area

Average Rent

$1,077

Population

352,654

# of Rentals

273

Kingsport Metro Area

Average Rent

$1,141

Population

315,609

# of Rentals

111

Johnson City Metro Area

Average Rent

$1,320

Population

217,274

# of Rentals

118

Jackson Metro Area

Average Rent

$1,341

Population

184,456

# of Rentals

131

Cleveland Metro Area

Average Rent

$1,230

Population

133,756

# of Rentals

39

Morristown Metro Area

Average Rent

$1,201

Population

129,382

# 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.