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Best Places to Rent

Tennessee

Average Rent

$1,527

-0.6% YoY

Rent Comparison

-8.2% 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

$1,731

Population

2,189,284

# of Rentals

7,585

Memphis Metro Area

Average Rent

$1,124

Population

1,339,025

# of Rentals

2,830

Knoxville Metro Area

Average Rent

$1,487

Population

970,802

# of Rentals

1,192

Chattanooga Metro Area

Average Rent

$1,313

Population

594,836

# of Rentals

772

Clarksville Metro Area

Average Rent

$1,081

Population

352,654

# of Rentals

250

Kingsport Metro Area

Average Rent

$1,106

Population

315,609

# of Rentals

111

Johnson City Metro Area

Average Rent

$1,325

Population

217,274

# of Rentals

110

Jackson Metro Area

Average Rent

$1,356

Population

184,456

# of Rentals

132

Cleveland Metro Area

Average Rent

$1,207

Population

133,756

# of Rentals

33

Morristown Metro Area

Average Rent

$1,229

Population

129,382

# 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.