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Rental Market Trends in Cordova, TN

What is the average rent in Cordova, TN?

$1,207/month

Average Rent

809 Sq Ft

Average Apartment Size

+0.9%

Increase in the Last Year

As of October 2025, the average rent in Cordova, TN is $1,207 per month. This is 26% lower than the national average rent of $1,630/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 $1,287 per month for a studio, $1,207 for a one-bedroom apartment, and around $1,360 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,632 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,287/month
639 Sq Ft
One Bedroom
$1,207/month
809 Sq Ft
Two Bedroom
$1,360/month
1,096 Sq Ft
Three Bedroom
$1,632/month
1,334 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,508/month
713 Sq Ft
Three Bedroom
$1,733/month
1,257 Sq Ft
Four Bedroom
$2,526/month
1,568 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,398/month
1,133 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,417/month
507 Sq Ft
Three Bedroom
$1,467/month
786 Sq Ft

How much has average rent changed in Cordova, TN?

In the past year, rent has increased by 0.9%, which averages out to $12 more 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
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Cordova, TN
Last Updated October 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Cordova, TN
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
74% $1,001 - $1,500/month
26% $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
$989/month
702 Sq Ft
Trinity Lakes at Cordova
$1,097/month
735 Sq Ft
Gray's Creek
$1,210/month
907 Sq Ft
Park's Edge at Shelby Farms
$1,371/month
801 Sq Ft
The Reserve at Dexter Lake
$1,466/month
948 Sq Ft
The Gardens of Gray's Hollow
$1,623/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 Park's Edge at Shelby Farms are the most expensive neighborhoods in Cordova.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Gardens of Gray's Hollow
$1,623/month
839 Sq Ft
The Reserve at Dexter Lake
$1,466/month
948 Sq Ft
Park's Edge at Shelby Farms
$1,371/month
801 Sq Ft
Gray's Creek
$1,210/month
907 Sq Ft
Trinity Lakes at Cordova
$1,097/month
735 Sq Ft
Walnut Creek
$989/month
702 Sq Ft

Which Cordova neighborhoods have the most rentals available?

The neighborhoods in Cordova with the most apartments available are Park's Edge at Shelby Farms, Gray's Creek and Walnut Creek .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Park's Edge at Shelby Farms
$1,371/month
801 Sq Ft
Gray's Creek
$1,210/month
907 Sq Ft
Walnut Creek
$989/month
702 Sq Ft
The Gardens of Gray's Hollow
$1,623/month
839 Sq Ft
The Reserve at Dexter Lake
$1,466/month
948 Sq Ft
Trinity Lakes at Cordova
$1,097/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 $1,207, you’ll want to make about $4,023 per month or $48,276 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

3,848 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
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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

$1,335 - $5,002

1-3 Beds

Stonebridge Crossing Apartments

Stonebridge Crossing Apartments

9135 Morning Ridge Rd,
Cordova, TN 38016

$940 - $2,556

1-3 Beds

The Willows at Shelby Farms

The Willows at Shelby Farms

555 Wood Arbor Pky,
Cordova, TN 38018

$948 - $1,510

1-3 Beds

Enclave at Wolfchase

Enclave at Wolfchase

1810 W Wolfchase Cir,
Cordova, TN 38016

$1,109 - $6,855

1-3 Beds

Property Management Companies in Cordova, TN

Fogelman Properties
Fogelman Properties
  • 58

    Communities

  • 16,519

    Units

  • 37

    Cities

8 Communities in Cordova
CLK Properties
CLK Properties
  • 60

    Communities

  • 17,590

    Units

  • 33

    Cities

8 Communities in Cordova
IRT Living
IRT Living
  • 109

    Communities

  • 31,940

    Units

  • 70

    Cities

4 Communities in Cordova
Multi-South Management
Multi-South Management
  • 42

    Communities

  • 9,645

    Units

  • 9

    Cities

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

    Communities

  • 4,551

    Units

  • 9

    Cities

4 Communities in Cordova
MAA
MAA
  • 289

    Communities

  • 100,711

    Units

  • 115

    Cities

3 Communities in Cordova
Wogan Group
Wogan Group
  • 19

    Communities

  • 2,078

    Units

  • 6

    Cities

3 Communities in Cordova
Brookside Properties
Brookside Properties
  • 147

    Communities

  • 24,614

    Units

  • 59

    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 September 2025.

* Percentages may not total 100 due to rounding.

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