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Best Places to Rent

Tennessee

Average Rent

$1,519

-1.4% YoY

Rent Comparison

-7.6% 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

$1,715

Population

2,189,284

# of Rentals

8,024

Memphis Metro Area

Average Rent

$1,118

Population

1,339,025

# of Rentals

3,173

Knoxville Metro Area

Average Rent

$1,539

Population

970,802

# of Rentals

1,307

Chattanooga Metro Area

Average Rent

$1,316

Population

594,836

# of Rentals

785

Clarksville Metro Area

Average Rent

$1,078

Population

352,654

# of Rentals

256

Kingsport Metro Area

Average Rent

$1,141

Population

315,609

# of Rentals

103

Johnson City Metro Area

Average Rent

$1,324

Population

217,274

# of Rentals

119

Jackson Metro Area

Average Rent

$1,336

Population

184,456

# of Rentals

129

Cleveland Metro Area

Average Rent

$1,216

Population

133,756

# of Rentals

41

Morristown Metro Area

Average Rent

$1,214

Population

129,382

# of Rentals

8

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.