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Rental Market Trends in Cordova, TN

What is the average rent in Cordova, TN?

$1,184/month

Average Rent

807 Sq Ft

Average Apartment Size

-4.6%

Decrease in the Last Year

As of January 2026, the average rent in Cordova, TN is $1,184 per month. This is 27% lower than the national average rent of $1,624/month, making renting in Cordova more affordable than most cities in the US. When you rent an apartment in Cordova, you can expect to pay about $1,276 per month for a studio, $1,184 for a one-bedroom apartment, and around $1,352 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,597 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,276/month
639 Sq Ft
One Bedroom
$1,184/month
807 Sq Ft
Two Bedroom
$1,352/month
1,098 Sq Ft
Three Bedroom
$1,597/month
1,336 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,402/month
1,055 Sq Ft
Three Bedroom
$1,817/month
1,532 Sq Ft
Four Bedroom
$2,451/month
2,234 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,217/month
1,167 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Cordova, TN?

In the past year, rent has decreased by 4.6%, which averages out to $54 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 Cordova, TN
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Cordova, TN
Percentage*
Rent Range
0% Below $700/month
4% $700 - $1,000/month
67% $1,001 - $1,500/month
30% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

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

What are the most affordable neighborhoods in Cordova?

Based on current rent prices, Walnut Creek, Trinity Lakes at Cordova and Gray's Creek are the most affordable neighborhoods in Cordova.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Walnut Creek
$983/month
711 Sq Ft
Trinity Lakes at Cordova
$1,073/month
735 Sq Ft
Gray's Creek
$1,280/month
913 Sq Ft
The Reserve at Dexter Lake
$1,436/month
950 Sq Ft
The Gardens of Gray's Hollow
$1,612/month
839 Sq Ft

What are the most expensive neighborhoods in Cordova?

Based on current rent prices, The Gardens of Gray's Hollow, The Reserve at Dexter Lake and Gray's Creek are the most expensive neighborhoods in Cordova.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Gardens of Gray's Hollow
$1,612/month
839 Sq Ft
The Reserve at Dexter Lake
$1,436/month
950 Sq Ft
Gray's Creek
$1,280/month
913 Sq Ft
Trinity Lakes at Cordova
$1,073/month
735 Sq Ft
Walnut Creek
$983/month
711 Sq Ft

Which Cordova neighborhoods have the most rentals available?

The neighborhoods in Cordova with the most apartments available are Gray's Creek, Walnut Creek and The Gardens of Gray's Hollow .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Gray's Creek
$1,280/month
913 Sq Ft
Walnut Creek
$983/month
711 Sq Ft
The Gardens of Gray's Hollow
$1,612/month
839 Sq Ft
The Reserve at Dexter Lake
$1,436/month
950 Sq Ft
Trinity Lakes at Cordova
$1,073/month
735 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Cordova is $1,184, you’ll want to make about $3,946 per month or $47,352 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

Cordova, TN

3,432 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Cordova, 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 Cordova, TN

Apartment Averages

Walnut Creek

Cordova, TN

The Gardens of Gray's Hollow

Cordova, TN

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

Nearby City Rent Trends

  • Germantown Average Rent
  • Bartlett Average Rent
  • Lakeland Average Rent
  • Collierville Average Rent
  • Arlington Average Rent
  • Memphis Average Rent
  • Olive Branch Average Rent

Apartment communities in Cordova we think you'll love

The Grove Germantown Apartments

The Grove Germantown Apartments

7865 Grove Ct W,
Germantown, TN 38138

$1,399 - $5,271

1-3 Beds

Stonebridge Crossing Apartments

Stonebridge Crossing Apartments

9135 Morning Ridge Rd,
Cordova, TN 38016

$960 - $2,160

1-3 Beds

The Willows at Shelby Farms

The Willows at Shelby Farms

555 Wood Arbor Pky,
Cordova, TN 38018

$935 - $1,482

1-3 Beds

Velo Shelby Farms

Velo Shelby Farms

599 Velo Dr,
Cordova, TN 38018

$1,373 - $2,685

Studio - 3 Beds

Property Management Companies in Cordova, TN

Fogelman Properties
Fogelman Properties
  • 60

    Communities

  • 17,723

    Units

  • 39

    Cities

8 Communities in Cordova
CLK Properties
CLK Properties
  • 57

    Communities

  • 17,059

    Units

  • 34

    Cities

8 Communities in Cordova
Multi-South Management
Multi-South Management
  • 59

    Communities

  • 11,789

    Units

  • 11

    Cities

6 Communities in Cordova
IRT Living
IRT Living
  • 94

    Communities

  • 28,358

    Units

  • 64

    Cities

4 Communities in Cordova
Oro Capital Advisors
Oro Capital Advisors
  • 18

    Communities

  • 4,551

    Units

  • 9

    Cities

4 Communities in Cordova
MAA
MAA
  • 292

    Communities

  • 101,753

    Units

  • 116

    Cities

3 Communities in Cordova
Brookside Properties
Brookside Properties
  • 154

    Communities

  • 26,426

    Units

  • 60

    Cities

2 Communities in Cordova
Sandhurst Apartment Management
Sandhurst Apartment Management
  • 42

    Communities

  • 10,891

    Units

  • 31

    Cities

2 Communities in Cordova

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United States Tennessee Cordova 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