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Rental Market Trends in Cleveland, TN

Updated July 2026

The average rent in Cleveland, TN is $1,023/month.

Rent in Cleveland is 38% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,023/month

Average Rent

653 Sq Ft

Average Size

-0.6%

Change / Year

208

Available Apartments

Cleveland rent varies by unit size and layout:

  • Studio apartments in Cleveland average $827 per month.
  • One-bedroom apartments in Cleveland average $1,023 per month.
  • Two-bedroom apartments in Cleveland average $1,343 per month.
  • Three-bedroom apartments in Cleveland average $1,756 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$827/month
476 Sq Ft
One Bedroom
$1,023/month
653 Sq Ft
Two Bedroom
$1,343/month
1,031 Sq Ft
Three Bedroom
$1,756/month
1,275 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,268/month
756 Sq Ft
Three Bedroom
$1,763/month
1,302 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,236/month
701 Sq Ft
Three Bedroom
$1,878/month
1,466 Sq Ft
View Cleveland Apartments

How much has average rent changed in Cleveland, TN?

In the past year, rent has decreased by 0.6%, which averages out to $6 less per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Cleveland, TN

July 2026
Below $701
Most rental prices fall within this range
Rent Ranges in Cleveland, TN
Percentage*
Rent Range
31% Below $700/month
23% $700 - $1,000/month
31% $1,001 - $1,500/month
8% $1,501 - $2,000/month
8% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Cleveland?

Based on current rent prices, Downtown Cleveland is the most affordable neighborhood in Cleveland.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Cleveland
$1,108/month
710 Sq Ft

What are the most expensive neighborhoods in Cleveland?

Based on current rent prices, Downtown Cleveland is the most expensive neighborhood in Cleveland.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Cleveland
$1,108/month
710 Sq Ft

Which Cleveland neighborhoods have the most rentals available?

The neighborhood in Cleveland with the most apartments available is Downtown Cleveland .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Cleveland
$1,108/month
710 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Cleveland, TN?

Because the average rent in Cleveland is $1,023, you’ll want to make about $3,410 per month or $40,920 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Cleveland, TN is 14.4% lower than the national average. Generally, housing in Cleveland is 14.4% less expensive than the national average, with rent falling between $827 - $1,756. You can expect to pay 11.3% less for groceries, 13.0% less for utilities, and 17.2% less for transportation.

City

Cleveland, TN

208 Available Apartments for Rent

Search for Nearby Apartments

How does Cleveland, TN compare to other nearby cities and neighborhoods?

Use the tool below to compare Cleveland, TN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Cleveland Area Guide

Apartment Averages

Downtown Cleveland

Cleveland, TN

Downtown Cleveland

Cleveland, TN

Studio
$849/month
$849/month
One Bedroom
$924/month
$924/month
Two Bedroom
$1,296/month
$1,296/month
Three Bedroom
$1,652/month
$1,652/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Ooltewah

    Ooltewah

Apartment Communities in Cleveland We Think You'll Love

Park Hills Apartments

Park Hills Apartments

1159 Harrison Pike,
Cleveland, TN 37311

Studio - 2 Beds | $840 - $1,405

Vintage Cleveland Apartments

Vintage Cleveland Apartments

2388 Villa Dr,
Cleveland, TN 37312

1-2 Beds | $1,324 - $1,599

Vintage Retreat Apartments

Vintage Retreat Apartments

260 NE 25th St,
Cleveland, TN 37311

1-3 Beds | $1,199 - $1,899

The Henley

The Henley

2350 Blackburn Rd SE,
Cleveland, TN 37311

2-3 Beds | $1,299 - $1,659

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Frequently Asked Questions

What is the average rent in Cleveland?

The average rent in Cleveland is $1,023 per month, which is 38.5% lower than the national average of $1,663.

What is the average rent for a house in Cleveland?

The average rent for a house in Cleveland, TN is $1,763 per month.

What is the average rent for a townhome in Cleveland?

The average rent for a townhome in Cleveland, TN is $1,236 per month.

Are rents going up or down in Cleveland?

Rents in Cleveland, TN are decreasing, with prices down 0.6% year-over-year and $6 less per month.

What rent range is most common in Cleveland?

In Cleveland, TN, 31% of apartments fall below $700/month, though prices may vary depending on location and other factors.

United States Tennessee Cleveland Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity