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Rental Market Trends in Collierville, TN

What is the average rent in Collierville, TN?

$1,458/month

Average Rent

814 Sq Ft

Average Apartment Size

-5.6%

Decrease in the Last Year

As of January 2026, the average rent in Collierville, TN is $1,458 per month. For comparison, the national average rent price in the US is currently $1,624/month, which means Collierville rent prices are 10% lower than the national average. When you rent an apartment in Collierville, you can expect to pay about $1,395 per month for a studio, $1,458 for a one-bedroom apartment, and around $1,704 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,277 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,395/month
619 Sq Ft
One Bedroom
$1,458/month
814 Sq Ft
Two Bedroom
$1,704/month
1,077 Sq Ft
Three Bedroom
$2,277/month
1,413 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,318/month
1,009 Sq Ft
Four Bedroom
$2,914/month
2,714 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Collierville, TN?

In the past year, rent has decreased by 5.6%, which averages out to $81 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Collierville, TN
Last Updated January 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Collierville, TN
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
33% $1,001 - $1,500/month
50% $1,501 - $2,000/month
17% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Collierville?

Based on current rent prices, The Madison, Almadale Village and Schilling Farms Development are the most affordable neighborhoods in Collierville.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Madison
$1,337/month
790 Sq Ft
Almadale Village
$1,356/month
795 Sq Ft
Schilling Farms Development
$1,594/month
929 Sq Ft
Oaks at Schilling Farms Condominiums
$1,636/month
948 Sq Ft

What are the most expensive neighborhoods in Collierville?

Based on current rent prices, Oaks at Schilling Farms Condominiums, Schilling Farms Development and Almadale Village are the most expensive neighborhoods in Collierville.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Oaks at Schilling Farms Condominiums
$1,636/month
948 Sq Ft
Schilling Farms Development
$1,594/month
929 Sq Ft
Almadale Village
$1,356/month
795 Sq Ft
The Madison
$1,337/month
790 Sq Ft

Which Collierville neighborhoods have the most rentals available?

The neighborhoods in Collierville with the most apartments available are Schilling Farms Development, Oaks at Schilling Farms Condominiums and Almadale Village .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Schilling Farms Development
$1,594/month
929 Sq Ft
Oaks at Schilling Farms Condominiums
$1,636/month
948 Sq Ft
Almadale Village
$1,356/month
795 Sq Ft
The Madison
$1,337/month
790 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Collierville is $1,458, you’ll want to make about $4,860 per month or $58,320 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.

City

Collierville, TN

614 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Collierville, 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.

Explore the Area Guide for Collierville, TN

Apartment Averages

The Madison

Collierville, TN

Oaks at Schilling Farms Condominiums

Collierville, TN

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • Germantown Average Rent
  • Cordova Average Rent
  • Olive Branch Average Rent
  • Bartlett Average Rent
  • Arlington Average Rent
  • Lakeland Average Rent

Apartment communities in Collierville we think you'll love

Tapestry Forest Creek

Tapestry Forest Creek

9166 Crestline Ln,
Collierville, TN 38017

$1,524 - $3,368

1-3 Beds

Forest Creek Townhomes

Forest Creek Townhomes

4627 Irene Woods Ln,
Collierville, TN 38017

$2,800

3 Beds

Irene Woods Apartments

Irene Woods Apartments

9199 Mayfield Rd N,
Collierville, TN 38017

$1,267 - $2,184

1-3 Beds

Carrington at Schilling Farms

Carrington at Schilling Farms

1020 Schiling Row Ave,
Collierville, TN 38017

$1,551 - $2,990

1-3 Beds

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United States Tennessee Collierville 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity