Irene Woods Apartments
9199 Mayfield Rd N,
Collierville, TN 38017
$1,344 - $2,021
1-3 Beds
Rental Market Trends in Collierville, TN
What is the average rent in Collierville, TN?
$1,475/month
Average Rent
814 Sq Ft
Average Apartment Size
-0.9%
Decrease in the Last Year
As of October 2025, the average rent in Collierville, TN is $1,475 per month. For comparison, the national average rent price in the US is currently $1,630/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 $1,413 per month for a studio, $1,475 for a one-bedroom apartment, and around $1,694 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,277 or more.
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How much has average rent changed in Collierville, TN?
In the past year, rent has decreased by 0.9%, which averages out to $12 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 October 2025
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2024
2025
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Collierville?
Based on current rent prices, The Madison, Schilling Farms Development and Oaks at Schilling Farms Condominiums are the most affordable neighborhoods in Collierville.
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Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Collierville?
Based on current rent prices, Almadale Village, Oaks at Schilling Farms Condominiums and Legacy Town are the most expensive neighborhoods in Collierville.
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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 Legacy Town .
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Average Rent
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What salary do I need to live comfortably in Collierville, TN?
Because the average rent in Collierville is $1,475, you’ll want to make about $4,916 per month or $58,992 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.
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.
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Nearby City Rent Trends
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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 September 2025.
* Percentages may not total 100 due to rounding.